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1,088-hp electric Concept One nears production

We haven't heard much about the Rimac Concept One lately, but that could be about to change. The Croatian-born electric supercar is back in the news this week after its parent company landed an $11-million investment. The Concept One is the brainchild of 26-year-old CEO Mate Rimac, who claims he didn't want to build the best electric car in the world.

Mercedes E Class Estate leaked

The first picture of the new Mercedes E Class Estate has leaked out The new Mercedes E Class leaked and then launched earlier this year, and the E Class Coupe turned out to be a C Class Coupe in disguise. We also reported in May that Mercedes was considering delaying the launch of the E Class Estate and E Class Cabriolet for a year or so until the economy recovered. But it’s now clear that the next instalment of the E Class story – the Mercedes E Class Estate – will launch at the Frankfurt Motor Show in September, and the first picture has leaked our way!

Barrett-Jackson followed auction practices, probe finds

Independent auditors found that Barrett-Jackson Auction Co. complied with proper auction practices during the 2008-2009 season, the company said on Thursday. The Arizona-based auction house opened its books in the wake of a 2007 legal action, which alleged improper activities.