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Russo and Steele sues tent company over auction damage

Four months after its Scottsdale, Ariz., auction was disrupted by severe weather, Russo and Steele is suing tent company Tri-Rentals for damage caused when a tent collapsed on several hundred collector cars. In a statement released on Thursday, Russo and Steele said that it was forced to file suit against the rental company to protect its reputation. The auction firm says its lawsuit cites negligence, gross negligence, breach of duty of good faith and fair dealing.

Tokyo Auto Salon pits performance autos against hybrids

The world's other big January auto show, the 2010 Tokyo Auto Salon, opened its doors to tuner enthusiasts in mid-month with a record 402 exhibitors. The Auto Salon fuses numerous styles, but the overriding theme this year was hybrid cars, with customized Toyota Priuses and Honda Insights at every turn. Good old-fashioned engine tuning is alive and well in Japan, where even new sports cars are being heavily modified, with cars such as the KRL Mitsubishi Evolution X and the HKS Nissan GT-R both boasting in excess of 600 hp.

Toyota & Lexus news at 2009 Tokyo motor show

The vibe on the Toyota stand is subdued, yet upbeat at the same time. They're chuffed to bits with their new products on show, but we can't help remembering Japan's – and the world's – premier car maker's $4.9 billion loss last year. And it's forecast to lose a similar amount in 2009.