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German enthusiasts name TechArt GrandGT the 'Sports Car of the Year'

For the fourth year in a row, readers of German car magazine Auto Bild have selected the TechArt GrandGT as "Sports Car of the Year" in the sedan-tuning category. The GrandGT, from TechArt Automobilidesign GmbH, is based on the Porsche Panamera Turbo and packs 630 hp and 650 lb-ft of torque. The additional power comes from upgraded turbochargers, sport air filters and a tuned engine-management system.

Ettore Bugatti’s own Type 57C up for auction

Ettore Bugatti's personal Type 57C Coupe is up for auction at Pebble Beach in August Not only are Classic Cars a decent long-term investment they do also offer the pleasure of playing with them – something no other work of art can manage. And with the rising wealth in emerging economies, something with as finite a supply as Classic Cars can hardly fail to appreciate in the long term. Which explains why real classics are still fetching record prices.

GM to build eight-speed transmission in Toledo

General Motors is directing $204 million of a $2 billion investment in its U.S. plants toward building an eight-speed automatic transmission in Toledo. Automakers are turning to transmissions with more gears to meet more stringent fuel-economy regulations.