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Arizona auctions: Scottsdale sales net an estimated $157 million

WITH VIDEO -- Five days of sales staged by auto auction companies in the Phoenix area pulled in a combined estimated total of $157 million, according to Hagerty Insurance. The five companies staging auctions--Barrett-Jackson, Gooding & Co., RM Auctions, Russo and Steele and Silver Auctions--offered 2,887 lots for sale and sold 2,325 of them, an 81 percent sell-through rate. A 2006 Ferrari FXX Evoluzione at the Gooding auction was listed as the top single sale with a price of $2.09 million, Hagerty said.

Michelin design contest inspires young minds

The College for Creative Studies in Detroit held its 24th Michelin Design challenge, in which Michelin sponsors a design and development project for one of CCS' transportation design classes. The competition works like this: CCS and Michelin get together to develop a theme, then CCS picks which transportation design class will work on the project. The idea, Michelin says, is to celebrate and promote the kind of vehicle design that highlights original thinking and innovation.

Newport Convertibles rolls out Subaru Impreza WRX STI drop-top

Just in time for summer, Newport Specialty Cars rolls out its latest dropped top, the Subaru Impreza WRX STI. You are guaranteed to be the hit of the local scene from Tacoma to Tallahassee when you roll up in one of these. With room for five, your popularity could potentially quadruple.