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News watch August 2012: today's auto industry news
Fri, 31 Aug 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 31 August 2012•European car sales continue to struggle, down 8.2% in July. Spain, europe's biggest market, saw sales frop the most, by a massive 26%.
Ford GT Sells For a Record $11 million at RM's Monterey Auction
Sat, 18 Aug 2012RM Auctions sold a 1968 Ford GT40 Gulf/Mirage coupe Friday night at its Monterey sale for $11 million, setting a record for the highest price paid for an American car at auction. The Friday sales showed once again a very strong market for cars selling at auction, according to statistics gathered by classic car insurance giant Hagerty. In comparing this year's sales to last year, the total number of cars sold in two days of auctions was down slightly while the total amount generated -- $67.5 million – is far greater, as is the average selling price.
Andrea Pininfarina dies in traffic accident
Thu, 07 Aug 2008Andrea Pininfarina, Chief Executive Officer of the coachbuilding firm that bears his name, died in a moped accident in Turin this morning. He was 51. The accident took place on via Turin, the gateway to the Italian city, when a car crossed Pininfarina's path just before 8am.