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Under the hammer, overseas: Russo and Steele explores classic-car auction in China

It's ambitious, it's unprecedented and it's loaded with pitfalls. But if it can be pulled off, it could serve as a template for international growth for American auction houses. Russo and Steele is expanding into China and has announced plans this fall to form a joint venture with a Chinese company as a foothold.

Saab fans gather outside GM headquarters

The 60-plus-year history of Saab may come to an inglorious end in the next few days if General Motors and Dutch supercar maker Spyker--or perhaps a dark-horse bidder--fail to reach an agreement to save the iconic Swedish maker of premium cars. But the potential death of yet another GM brand raised some voices of dissension--and passion--as a crowd of about 30 Saab enthusiasts braved temperatures in the 20s and snow flurries to show their support for Saab at a gathering near GM's global headquarters in downtown Detroit. The event was organized by the Ryan Emge, editor of a Saab.History.com, and was part car show, part rally and part family gathering.

Jury selects South Korean team as winners of Michelin Challenge Design 2015

Michelin has today announced the top 15 projects in its global 2015 Michelin Challenge Design competition. The Volkswagen Viento project by the South Korean team of Youngjai Jun and Gunyoung Yoon was judged to be the best, and awarded first place by a jury of the world's top automotive designers. The French trio of Aurelien Deleuze, Pierre-Hugues Vallin and Robinson Mancaux we given the runners-up spot with their project, Silent Interactive Climber, while Cristian Polanco of Guatemala came third with his work, the Bugatti Liriom.