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Auctioned Ferrari Dinos fetch more than £380,000

TWO FERRARI Dino cars have sold for a combined £383,000 during the same auction, despite one of them needing significant restoration. The model has in recent years become a golden goose for any owners lucky enough to have acquired one years ago, and the latest Silverstone Auctions sale shows what a cash cow even poor condition examples have become. A recently-restored 1971 Dino topped £250,000 inclusive of its buyer's premium, while the rusting form of a 1973 version still brought about a £132,500 sale.

2014 Chevrolet Spark EV rated at 119 mpg

General Motors says its Chevrolet Spark EV will get the equivalent of 119 mpg in combined city and highway driving, the best efficiency of any U.S. car sold to retail buyers. The 2014 Spark EV, which will be launched this summer in California and Oregon, will have an EPA-rated range of 82 miles when fully charged, GM said in a statement.

How Porsche will be integrated into VW

By Georg Kacher Motor Industry 20 November 2009 12:32 Although Porsche won't be a fully integrated member of the Volkswagen group before mid-2011, the sports car maker can even at this early point in the merger no longer make independent strategic decisions. After all, Martin Winterkorn has effectively been appointed head of the Porsche SE Holding which in turn employs the Porsche AG chairman Michael Macht.  With a takeover as costly and complicated to fund as this one – all in all, VW will have to fork out a staggering €16 billion to absorb the latest family member – it is only logical that the new owner wants to get the restructuring process going asap. Overnight, Porsche has become easily VW's most expensive brand.How VW will integrate PorscheTo protect and eventually enhance its value, the powers in Wolfsburg will leave no stone unturned to rearrange the product portfolio, to streamline R&D, to shake up purchasing and production, and to ensure a variety of synergies which are estimated to range from €500m to €750m per year.