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Marcello Gandini laments today's 'fake' concepts

Marcello Gandini has branded current concept cars fakes and "little more than maquettes" in an interview about Bertone's extensive concept car history. The enigmatic designer, whose work with the design house stretches back to the late ‘60s, expressed his dislike of today's "fiberglass cars" and claims they can't hold a candle to the well-built concepts of old. He praises Nuccio Bertone's vision and his insistence on producing fully working, "almost driveable" concepts throughout the coachbuilder's existence.

First 2015 retail Mustang goes for $300K

Compared to your typical Barrett-Jackson collector car auction price, $300,000 might not seem like too much--a 1967 Corvette went for $3.8 million. But with 100 percent of the proceeds going to the Juvenile Diabetes Research Foundation, $300,000 doesn't sound too shabby. On Saturday, the winning bidder ended up dishing out $300k for the first 2015 retail Ford Mustang GT, about 10 times the actual price.

Mercedes promotes marketing executive to steer U.S. sales

Mercedes-Benz USA will promote marketing chief Stephen Cannon to CEO, effective Jan. 1. Cannon, 50, has been vice president of marketing for Mercedes-Benz USA since June 2007.