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RM auction in Monaco rakes in $45.1 million

Call it the Feast of Ferrari. Led by a stunning lineup of rare and classic automobiles wearing the Prancing Horse, sales at the RM auction in Monaco on May 1 totaled more than $45.1 million. The highest seller at the event was a 1962 Ferrari 400 Superamerica Cabriolet Pininfarina AWB, which sold for $3.8 million, a record for Superamericas, RM said.

November a strong month for car sales

U.S. auto sales--led by BMW, American Honda and Volkswagen Group--rose 15 percent to 1.14 million in November, exceeding analysts' forecasts and setting the stage for the industry to finish 2012 on a high note heading into the new year. The annualized industry sales rate, adjusted for seasonal trends, accelerated to 15.56 million--the highest rate since 15.59 million in January 2008.

CDN–GM Interactive Design Competition winners announced at NAIAS

The winners of the CDN–GM Interactive Design Competition have been announced at the North American International Auto Show (NAIAS) in Detroit. Following a guided tour of the auto show with the GM design team, the finalists gathered on the GMC stand in Cobo Hall where Mark Adams and Ken Parkinson – heads of design for Cadillac & Buick, and Chevrolet & GMC respectively – were joined by Car Design News' Editor Owen Ready to present the winners of each brand's competition brief. Joining them on stage were the mentors from GM's design teams who interacted with the entrants throughout the competition to critique and help develop their work, making this a truly unique contest.