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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.

Hyundai: Changing lives through football (video)

Hyundai, with Team Hyundai Ambassador Daniel Sturridge, are supporting the young unemployed through the streetfootballworld programme in the UK. We know that Hyundai has made great strides in transforming the public’s perception of the Hyundai brand, and that’s down to great product and great PR. But good companies aim to put something back in to societies they profit from, and Hyundai is doing exactly that through football.

Ferrari F450: Last one to be auctioned Sunday to benefit earthquake victims

In an auction featuring some of the rarest, fastest and most head-turning Ferraris ever, a brand-new F430 may be the show-stealer. The Prancing Horse said Wednesday that it is auctioning off the very last F430 to roll off the Maranello production lines at the end of the year to raise money to rebuild the central Italian region of Abruzzo, which was devastated by an earthquake on April 6. Ferrari will work with local authorities to distribute the funds.