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Classic car prices on the up: Jaguar D-type sells for £3 million

Classic car prices seem to be ever-rising, with historic models becoming an investment to rival buying property or gambling on the stock market. The inaugural RM Auctions Paris sale this week was a case in point, and resulted in nearly £15 million’s worth of the world’s rarest and most exotic cars going under the hammer. Four cars alone went for in excess of £1 million, and a Jaguar D-type sold for three times that amount.

Volvo tuner Polestar reveals production S60 and V60 models

It's not every day that we can tell you about a performance-tuned station wagon that is actually coming to the U.S., but today is one of those rare days. Volvo racing and aftermarket tuning specialist Polestar has revealed details of their production versions of the V60 wagon and the S60 sedan, which are bound for the U.S. The S60 and V60's 3.0-liter T6 engine has been tuned to produce 350 hp and 369 lb-ft of torque, which is said to give it a 0 to 62 mph time of 4.9 seconds, on the way to an electronically limited top speed of 155 mph.

Chrysler reportedly set to expand Toledo assembly plant

The Chrysler Group is planning to expand its Toledo, Ohio, assembly complex, adding a second shift and more than 1,100 jobs to the operation that currently builds the Jeep Liberty and Dodge Nitro SUVs, the Toledo Blade newspaper reported Thursday. The $365 million investment could be the first of several major expansions to Chrysler's Toledo operations, which also include production of the Jeep Wrangler at the nearby Toledo North Plant, the newspaper reported. The automaker disclosed the plans in documents filed in a city tax application that will be discussed by local officials at a meeting Thursday night, the report said.