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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.

LA Motor Show: Honda brings mass-volume hydrogen power closer

HONDA has showcased its next generation hydrogen fuel cell technology, which is the first to fit entirely within a traditional engine bay. A 60% increase in energy density and a 33% reduction in size have jointly allowed the creation of the new Fuel Cell Electric Vehicle (FCEV) concept, which has a range of roughly 300 miles and can be refuelled in about three minutes. With all its components in a single location, the FCEV benefits from huge freedom in design for the rest of the car.

Rolls Royce has record 2008

We reported a while back about Rolls Royce prospering despite the credit crunch, and figures revealed today show that they continue to prosper despite the doom and gloom. When we last wrote about this back in November, we reported that Rolls Royce’s year end showed an increase of 38% year on year, with a total of 945 cars sold. Well, they’ve obviously continued in the same vein as their 2008 sales total has reached 1210, an increase of 20% over 2007.