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Forecasters see slow auto-sales recovery through 2011
Tue, 05 Oct 2010U.S. auto sales in 2010 and 2011 will continue to crawl -- not walk or run -- out of last year's recession, according to forecasters at the Auto Industry Hot Topics Conference here. “It's going to be a long crawl out of this, but we're crawling in the right direction,” said David Wyss, chief economist for Standard & Poor's, which co-sponsored the conference along with J.D.
Classic car prices on the up: Jaguar D-type sells for £3 million
Thu, 06 Feb 2014Classic car prices seem to be ever-rising, with historic models becoming an investment to rival buying property or gambling on the stock market. The inaugural RM Auctions Paris sale this week was a case in point, and resulted in nearly £15 million’s worth of the world’s rarest and most exotic cars going under the hammer. Four cars alone went for in excess of £1 million, and a Jaguar D-type sold for three times that amount.
Wacky Racer Returns For Third Attempt At Legendary Hillclimb Event
Wed, 04 Jun 2014MITSUBISHI has announced that it will return to the famous Pikes Peak Hill Climb event later this month. 2014 will be the Japanese firm’s third straight attempt at setting the fastest time at the Colorado-based event. Last year saw Peugeot blitz the opposition with its star driver Sebastien Loeb.