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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.

General Motors to keep green car technology in house

For the first time in its 100-year history, General Motors plans to design, develop and manufacture electric motors for its growing array of gasoline-electric hybrids and electric vehicles. The electric motors used in GM's current lineup of hybrids are made to GM specifications by outside vendors. GM wants to bring the design and manufacturing in-house to save money and to apply its own technology to boost performance, lower weight and reduce power consumption, said Larry Nitz, GM's chief hybrid powertrain engineer.

Audi R8 V12 Diesel canned – but it’s old news

The Audi R8 V12 Diesel - Audi confirm it won't be built [ad#ad-1] The interweb is full of stories today revealing that Audi has dropped plans to produce a diesel version of the fabulous R8. The Audi R8 V12 diesel was first shown to a pretty astonished motoring press (and it takes a lot to astonish us) at the Detroit Motor show early last year. So keen were Audi to get the press on-side with the car and the whole concept of a diesel supercar, that they made the R8 diesel available for motoring journalists to have a play.