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RM Meadow Brook auction tallies $5.4 million

A 1935 Auburn 851SC Boattail Speedster led the way at an auction held in conjunction with the Meadow Brook Concours d'Elegance, selling for $462,000 as the event raked in a total of $5.4 million. The Auburn was intricately restored and just the ninth version built. It was originally a show car at the Chicago auto salon.

Car insurance market condemned by MPs

CAR INSURANCE is a "highly dysfunctional market" in which firms' pursuit of profit has led to higher prices for consumers, a report by MPs has said. In some cases, business practices have not been in the consumer interest and have "inadvertently encouraged criminal activity", the report from the House of Commons Transport Committee said. There was no clearer example of this than "insurance firms' willingness to pay compensation for whiplash claims which they suspect are fraudulent without requiring the claimant to undergo a medical examination".

First details of new Volkswagen Golf revealed; GTi planned for Paris

Volkswagen has revealed the first details of its seventh-generation Golf--including a classy new interior--at a heavily cloaked press event ahead of the car's official unveiling in September in Berlin. The Golf, VW's perennial best seller, has raked in worldwide sales of more 29 million cars over 38 years of production. The new model, which is described as being up to 23 percent more economical than its predecessor, is planned to go on sale across Europe in November, replacing today's model, introduced in 2008.