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Video: Hagerty reviews Saturday news from Monterey auctions

Hagerty's Dave Kinney, Donald Osborne and Rob Sass discuss auction results for Russo and Steele, Mecum, Gooding & Co. and RM Auctions. The Monterey Week is packed with car shows, vintage racing and car auctions.

Porsche Macan means 1,000 extra jobs at Porsche

The Porsche take on the Audi Q5 – the new Porsche Macan – looks set to be Porsche’s biggest selling model ever and means 1,000 new jobs at Porsche. The ‘baby’ Cayenne – the Porsche Macan – is Porsche’s take on the Audi Q5 and a model that looks set to take Porsche’s sales to levels undreamed of a decade ago (pre-Cayenne). But although the Macan is based on the Q5 – just as the Cayenne shares its underpinnings with the Q7 and Touareg – Porsche say it will still be a red-blooded Porsche – the ‘Sports’ car in its sector – when it goes on sale later in 2013, so we don’t expect to see a lethargic eco diesel under the bonnet, although a fettled 2.0 litre TDI is highly likely.

New Ford Kuga arrives in the guise of 2012 / 2013 Ford Escape

The 2013 Ford Escape arrives - the 2012 Ford Kuga The reveal of the new Ford Escape ahead of the Los Angeles Auto Show this week may not have the Kuga badge on its boot, but it is – bar a few tweaks and engine changes – just what we’ll see in Europe as the 2012 Ford Kuga. Based on the European-designed Ford Vertrek concept, the Ford Escape replaces the old-fashioned North American escape with a very European take on a compact SUV, but one that benefits from much more room to accommodate average Americans. The Ford Kuga / Escape is the next instalment in Ford’s plan to unify its models around the world.