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Under the hammer, overseas: Russo and Steele explores classic-car auction in China

It's ambitious, it's unprecedented and it's loaded with pitfalls. But if it can be pulled off, it could serve as a template for international growth for American auction houses. Russo and Steele is expanding into China and has announced plans this fall to form a joint venture with a Chinese company as a foothold.

Autoweek's Editors' Choice from the 2012 Paris motor show

Supercars lit up the City of Light as horsepower and performance took center stage at the 2012 Paris motor show, even as Europe's economic woes cast a dark shadow over the proceedings. Traditionally one of the most dazzling events on the automotive calendar, the show delivered again this year with extravagant reveals. While emissions and fuel economy remain crucial issues, the spotlight Paris debuts subscribed to a higher creed of performance.

Alfa Romeo to go all-RWD

And Alfa Romeo's saga of restructuring, postponing and rejiggering continues, swathed in announcements, reports, rumor and innuendo. A few months ago, the product plan at the Italian automaker centered around the existing MiTo and Giulietta (cousins of the 500 and Dart, respectively), the almost-at-hand 4C, the upcoming Giulia sedan and the Duetto, a roadster based on the next Miata. Forget that.