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Sold out: RM sells entire vehicle inventory at Hershey auction

RM Auctions recorded a 100 percent sell-through rate at its Vintage Motor Cars of Hershey (Pa.) event. With more than 140 vehicles featured, the auction house posted $8.8 million in total sales. There was worldwide interest for the cars as bidders on the phone and the Internet represented 18 different countries, including Argentina, Turkey and Australia.

Cadillac CTS Coupe, CTS-V (2008): first official pictures

By Ben Oliver First Official Pictures 16 January 2008 04:07 Cadillac showed three major new models at Detroit, and pulled off one of the show’s few surprises by keeping its new CTS Coupe completely secret until it was officially unveiled. It also revealed the 550bhp CTS-V and the Provoq small SUV concept (see separate story). Although branded as a concept, the striking, angular two-door four-seat CTS Coupe will come to Europe in 2010 and will come here because it is based on the CTS saloon platform which will be offered in right-hand drive in the UK and other overseas markets.

‘Old Pang’ spends another €15 million at Saab

Pang Qing Hua - Pang Da boss - thinks Saab are 'Great, great, great'! The ‘Old Pang’ bit isn’t our derogatory name for the head of China’s Pang Da – who are busy getting in to bed with Saab – but is how the Beijing Times referred to Pang Da boss Pang Qing Hua on his return from Saab;  ’Old Pang Returns from Sweden’, they said. We have no idea how old Pang Qing Hua is, but he’s old enough to have amassed a few bob from owning a huge car distribution network in China, and is flush with cash from a recent floating.