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Barrett-Jackson undergoes independent audit of 2008-09 auction results

Barrett-Jackson Auction Co. is opening the books on its 2008-09 auction season for an independent review by auditors from Deloitte & Touche. The auditors will examine Barrett-Jackson's auction practices, including its consignment process, bidder qualification procedures, adherence to contract sale terms and proper, timely and accurate payment to sellers.

Audi A1 Quattro models ‘on the way’

Audi has confirmed it is testing four-wheel drive Quattro versions of the A1 – indicating an imminent expansion of Audi’s supermini range. Although showcased as this one-off at a Quattro publicity event in Montreal, Canada, to celebrate 30 years of the all-corner drive system, Ingolstadt acknowledged at last autumn’s 2010 Paris motor show that Quattro versions of the A1 were in the pipeline. The production A1 Quattro will use the Haldex differential to split drive to both axles; it’s a similar technology to that found in A3 and TT Quattros, as opposed to the mechanical Torsen diff found in larger Quattro models.

Porsche 911 buyers flock to rare 24-month leases

Porsche is pushing 24-month leases for its 911 and is running a six-month lease pull-ahead incentive on all of its sports cars to offset a shortage of low-mileage used cars. This year, 22 percent of all 911 lessees have taken 24-month contracts rather than 36-month deals, says Michael Bartsch, COO of Porsche Cars North America. That compares with 10 percent before the push.