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RM adds 1957 Ferrari 625 TRC Spider to Monaco sale +video

1957 Ferrari 625 TRC Spider RM Auctions has added a rare 1957 Ferrari 625 TRC Spider to its list of desirable Ferraris offered at May’s Monaco auction. RM Auction’s Monaco sale takes place the same weekend as the Monaco Grand Prix in May, and we’re starting to wonder which will be the biggest attraction after RM revealed a new addition to their list of ultra rare and desirable Ferraris up for auction at their event. The 1957 Ferrari 625 TRC Spider – chassis #0680 MDTR – is the rarest of all TRs made and is one of just two factory-built TRCs.

General Motors to shut down Saab

General Motors has announced that it will be closing the Saab brand after the company was unable to strike a deal with Spyker Cars. This follows from last month's withdrawal of would-be suitor Koenigsegg, leaving Spyker the sole contender in the acquisition of the ailing Swedish brand. According to Nick Reilly, GM's European president, the company has decided to cut its losses: "Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time.

Mini hits three million milestone

THE MUCH-LOVED new Mini has reached two major milestones this week. Since BMW took over the brand in 2001, three million Minis have now been produced at the plant in Oxford and the company has also reached the two million mark in Minis for export. The three millionth Mini is a five-door Hatch Cooper S and has a special exterior design to celebrate its heritage and British roots.