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Cash-for-clunkers gems: Corvettes, Camaros, Mustangs and one infamous Bentley meet the end of the road

By now, the high-profile casualties of cash-for-clunkers are well documented: a Bentley Continental R and an Aston Martin DB7 Volante from 1997 and a 1985 Maserati Quattroporte all perished under the government-funded incentive program. But scratching beneath the surface reveals that scores of everyday enthusiast rides such as Mustangs, Camaros and even some Corvettes met ignominious endings by having their engines destroyed and their bodies crushed. While it’s likely that many of the nearly 700,000 clunkers turned in actually were at the end of their roads, the final report released by the government reveals the demise of plenty of affordable, likely still-fixable cars that could have been enjoyed by collectors of all ages.

Koenigsegg One:1 officially revealed – it’s not a Supercar, it’s a MEGACAR

The Koenigsegg One: 1 (pictured) officially revealed ahead of Geneva Cars UK exclusively revealed the first details of the Koenigsegg One:1 back in November 2012, and now it’s heading for its public reveal at the Geneva Motor Show next week. So extreme is the One:1 that Christian von Koenigsegg has dubbed it ‘The world’s first MegaCar’, and looking at the specification he may have a point (it has 1 Megawatt of power). The Koenigsegg One: 1 produces a massive 1340 hp and over 1000lb/ft of torque an weighs 1340kg – the world’s first 1:1 power to curb weight ratio supercar – enough to deliver 2G cornering capability together with 610KG of downforce at 160mph thanks to active under and over body aerodynamics.

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.