Ercoupe Nose Gear Part on 2040-parts.com

Auctioned Ferrari Dinos fetch more than £380,000

TWO FERRARI Dino cars have sold for a combined £383,000 during the same auction, despite one of them needing significant restoration. The model has in recent years become a golden goose for any owners lucky enough to have acquired one years ago, and the latest Silverstone Auctions sale shows what a cash cow even poor condition examples have become. A recently-restored 1971 Dino topped £250,000 inclusive of its buyer's premium, while the rusting form of a 1973 version still brought about a £132,500 sale.

A look at Lexus future products

Lexus is reworking its sedan lineup as part of an effort to vault past Mercedes-Benz and BMW and retake the luxury sales lead. It also aims to add sparkle to the lineup with a coupe based on the wild LF-LC concept and possibly a coupe derived from the GS. The lineup also is likely to expand to include a smaller five-passenger crossover.

General Motors to shut down Saab

General Motors has announced that it will be closing the Saab brand after the company was unable to strike a deal with Spyker Cars. This follows from last month's withdrawal of would-be suitor Koenigsegg, leaving Spyker the sole contender in the acquisition of the ailing Swedish brand. According to Nick Reilly, GM's European president, the company has decided to cut its losses: "Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time.