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Famous racers dominate classic car auction

MORE THAN 100 classic cars and motorbikes will go under the hammer this weekend at one of the biggest ever auctions of its type. Silverstone Auctions will host the Race Retro sale at Stoneleigh Park in Warwickshire, where famous names like Ayrton Senna, James Hunt and Colin McRae will be scattered throughout the lots. With 42 classic cars from track or rally competition backgrounds, there’s a vast selection of fascinating and ultra-desirable metal.

Ford Mondeo goes green

By Ben Barry First Official Pictures 03 June 2007 01:57 New Mondeo spearheads Ford's ramp-up of bio-fuel models Ford announced an expansion in its flexifuel range. Flexifuel allows a vehicle to run on either regular petrol or E85 – an 85/15 percent bio-ethanol/petrol blend – and automatically offsets any carbon emissions produced because more crops are always produced to meet the demand for fuel. Ford president and CEO John Fleming confirmed that the existing Focus and C-Max flexifuel cars would be joined by Mondeo, Galaxy and S-Max derivatives, which will all come on stream from early 2008.

Most of Saleen sold to Michigan group

The future of specialty carmaker Saleen Inc. is getting a little clearer: Most of the company was sold to a Michigan group last week after being on the block since November. An entity called MJ Acquisitions, which owns parts and engine companies in Michigan, bought Saleen’s performance street-car program, supercharger and aftermarket business from Los Angeles private-investment firm Hancock Park Associates.