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Monterey, California, United States
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Ford GT Sells For a Record $11 million at RM's Monterey Auction
Sat, 18 Aug 2012RM Auctions sold a 1968 Ford GT40 Gulf/Mirage coupe Friday night at its Monterey sale for $11 million, setting a record for the highest price paid for an American car at auction. The Friday sales showed once again a very strong market for cars selling at auction, according to statistics gathered by classic car insurance giant Hagerty. In comparing this year's sales to last year, the total number of cars sold in two days of auctions was down slightly while the total amount generated -- $67.5 million – is far greater, as is the average selling price.
Russian tech entrepreneur buys EV maker Think
Mon, 25 Jul 2011Norwegian electric-car maker Think Global AS, which filed for bankruptcy in June, has reportedly been bought out by a global technology entrepreneur. New owner Boris Zingarevich currently runs investment operations based in St. Petersburg, Russia.
Chrysler and Fiat get a new logo, Dutch incorporation, UK tax shelter
Wed, 29 Jan 2014Chrysler Group reported an increase in earnings for the fourth quarter as the launch of the2014 Jeep Cherokee and higher U.S. sales helped the automaker to its third straight annual profit. In a separate announcement today, Chrysler and Fiat said their combined company will be renamed Fiat Chrysler Automobiles NV.