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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.

Jaguar XJ_e PHEV Plug-in Hybrid wins RAC Awards

The Jaguar XJ_e PHEV plug-in hybrid has won the RAC ‘Most Energy Efficient Luxury Car Prototype’ and ‘Technical Panel’s Award of Merit’. This year, Jaguar rolled out its experimental hybrid XJ – the Jaguar XJ_e, which we saw at this year’s Goodwood Festival of Speed – which managed to win the award for ‘Most Energy Efficient Luxury Car Prototype’ and also grabbed the Technical Panel’s ‘Award of Merit’ for its clever tech and frugal transit. Jaguar entered three XJ_e PHEV experimental cars in to the FCC, which managed to do the Brighton to London run on just 1.2 litres of petrol and 11kWh of electricity which adds up to an mpg of around 125mpg.

Porsche Design marks 40th birthday with exhibition

40 years of Porsche Design is being celebrated in an exhibition at the Porsche Museum in Stuttgart, Germany. The Porsche Design Studio was founded in 1972 by automotive legend Ferdinand Alexander Porsche – better known for his design of the iconic Porsche 911 – and has since developed consumer products for the public. Porsche designed a number of classic men's accessories such as watches, sunglasses and pens as well as a number of industrial products and household appliances, collecting honors and awards along the way.