Engine Computers Corolla 2002 89661-02782 on 2040-parts.com

Saturday night's all right at Barrett-Jackson auction

Auction company Barrett-Jackson has a long-standing tradition of selling cars with no reserve--meaning the car is sold to the highest bidder regardless of price--but a change in that policy saw several million-dollar sales Saturday night at the annual extravaganza in Scottsdale, Ariz. While most of the cars crossing the Barrett-Jackson auction block continue to be sold at no reserve, the auction giant offered up several classics with a reserve and the results were impressive. The top five sellers all eclipsed the magical million-dollar figure with the auction broadcast live on Speed TV.

Bristol Cars is sold to Frazer-Nash

Bristol Cars has been sold. Kamkorp Autokraft, part of the Frazer-Nash group, has announced it has successfuly acquired the assets of Bristol Cars from the administrators. Bristol entered administration last month, and CAR reported on a potential sale last week.

Tesla: Factory on track for 2012 Model S launch

At Tesla Motors Inc.'s first annual shareholders meeting since going public last July, Tesla CEO Elon Musk provided a vision of using the full capacity of the former New United Motor Manufacturing Inc. plant it acquired from Toyota. He also discussed a string of electric vehicles and the possibility of a chain of company-owned charging stations and battery-swap facilities.