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News watch Jan 2010: today’s auto industry news

Wednesday 20 January 2010• Rolls-Royce has appointed Torsten Mueller as chief exec from the end of March 2010. He is currently BMW's global product management boss and will replace Tom Purves who will retire after 25 years with the BMW Group (Rolls-Royce)• Japan has bowed to pressure and extended its scrappage scheme to include American brand vehicles. Many had been barred from the scheme because they had different fuel economy standards (Automotive News, subscription required)• New GM Europe CEO Nick Reilly has vowed that Opel and Vauxhall will become a global company.

Saab GB goes in to administration as China deal flounders

Saab GB on administration Saab Great Britain Ltd (Saab GB) has filed for administration in the High Court as Swedish Automobile N.V. (Swan) fails to conclude a deal with China. It’s a wonder it’s taken so long.

1957 Ferrari 625 TRC Spider fetches €5,040,000 in Monaco sale

1957 Ferrari 625 TRC Spider - sold for €5 million R M Auctions Monaco sale at the weekend achieved sales of €33.5 million with a 1957 Ferrari 625 TRC Spider reaching €5,040,000. Last month we reported on a very rare and very appealing 1957 Ferrari 625 TRC Spider being listed at R M Auctions Monaco sale, which took place this weekend, the first time on sale for 30 years. It sold for a not insignificant €5,040,000.