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Steve McQueen Porsche 911 hammers at $1.375 million during RM Monterey auction

Setting a world record for a Porsche 911 sold at auction, Steve McQueen's 1970 Porsche 911S went to a new owner for a cool $1.375 million during RM Auctions' Monterey event on Friday. The 911 wasn't just owned by McQueen; it also featured prominently at the beginning of the film Le Mans as the lead character, played by McQueen, drives through France reflecting on the realities of racing. Hagerty's Rob Sass and I checked out the car on Wednesday night at the RM Auctions preview.

Spyker, Youngman agree on joint venture

Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.

Vauxhall Ampera price cut by £3,500

The Vauxhall Ampera (pictured) drops in price by £3500 Although we still feel the range-extender is the right way for car makers to go to get the car buying public to accept EVs, the range-extender Vauxhall Ampera has not exactly been a runaway success. Despite Vauxhall offering potential Ampera buyers the option of trying it for 30 days and handing it back if they don’t like it, the Ampera has failed miserably to sell in any sort of volume. So, with new competition on the way from the range-extender BMW i3, Vauxhall are taking drastic action to try and tempt buyers in to the Ampera and are slashing prices by £3,500.