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Alfa Romeo is not for sale, Fiat chairman says

Fiat will not sell its Alfa Romeo unit and plans to relaunch the brand in the United States in late 2012, top Fiat executives said. “We would not sell Alfa even if we were offered tons of money,” Fiat chairman John Elkann told reporters at the Detroit auto show on Monday. Fiat and Chrysler CEO Sergio Marchionne said: “Alfa is part of Fiat's operational perimeter and we've already invested too much to get rid of it.” Volkswagen AG is rumored to be pursuing Alfa Romeo.

Lamborghini Aventador LP700-4 Roadster at Geneva 2012?

Lamborghini Aventador LP700-4 Roadster heading to Geneva? The rumours are gathering pace that the Lamborghini Aventador LP700-4 Roadster will arrive at the 2012 Geneva Motor Show. Lamborghini are still promising to bring a new car to every major motor show (some claim from such a small car maker) and the rumour mill is now convinced that the offering for the 2012 Geneva Motor Show will be the Lamborghini Aventador LP700-4 Roadster.

Barrett-Jackson undergoes independent audit of 2008-09 auction results

Barrett-Jackson Auction Co. is opening the books on its 2008-09 auction season for an independent review by auditors from Deloitte & Touche. The auditors will examine Barrett-Jackson's auction practices, including its consignment process, bidder qualification procedures, adherence to contract sale terms and proper, timely and accurate payment to sellers.