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Video: Preview Russo and Steele's auction at Monterey

Monterey weekend is more than just cars on golf courses during the Pebble Beach Concours d'Elegance--there is plenty of auction action, too. Here's a video preview of Russo and Steele's auction with Autoweek digital editor Andrew Stoy and Hagerty's Rob Sass. The Monterey Week is packed with car shows, vintage racing and car auctions.

European Car of The Year 2012 to be announced at Geneva

The European Car of the Year 2012 will be revealed at next month's Geneva motor show, drawn from a shortlist of seven cars. In the first stage of voting judges selected their seven favorite cars from a list of 35 candidates that were put on sale in Europe in 2011, with January seeing the declaration of the seven finalists. The second stage of voting will find the European Car of the Year 2012, with the winning car announced on 5 March at the Geneva motor show.

Mercedes-Benz considering Aston Martin buyout

Mercedes-Benz is reportedly considering a deal to buyout sports car manufacturer Aston Martin, fuelling rumours that the canned Aston Martin Lagonda SUV concept from 2009 (pictured above) could once again be back on. The move would see Merc increase its current 5% stake in the British brand following a deal announced last year to supply AMG engines for Aston’s next generation of sports cars. On Bing: see pictures of the Aston Martin Lagonda SUV concept Find out how much a used Aston Martin costs on Auto Trader It’s no secret the firm has been toying with the idea of a premium SUV following the Lagonds concept, so with Mercedes technical expertise and existing model range, it opens up potential new models to Aston Martin.