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Money flows at Monterey Auctions

Buyers of classic vehicles have dug deep into their pockets at auctions on the Monterey Peninsula, easily topping the sales totals from last year with one auction still remaining. More than $203 million has been spent on 704 vehicles, for an average sale price of $288,360. In 2011, the auction houses set a record for total sales during Pebble Beach week at $197,732,538 having been spent on 881 vehicles for an average sale price of $224,441.

Range Rover Hybrids press ahead on Silk Trail route to Mumbai

A trio of Range Rover Hybrid prototypes is well on its way to India on a 9,950-mile endurance drive through 12 countries. Land Rover is following the old Silk Trail to the east, but while it took ancient merchants months to complete the route, the Land Rover Hybrid team will be doing it in just 53 days. The Silk Trail is a historical network of trade routes which connected Asia with Europe and the Mediterranean, and got its name from the Chinese silk which was a lucrative trade item well into the 14th century.

Luxury Ford Mondeo Vignale concept revealed

Would you buy a posh Mondeo? Ford is betting that some people will, as next year sees the Blue Oval introduce a new Vignale trim level and equipment package that offers not just more style and luxury for your money but also an exclusive, premium customer and ownership experience. As a precursor to this move, Ford has today unveiled a pair of Mondeo Vignale Concept cars, one based on the next-generation Mondeo saloon, the other on the estate.