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1957 Ferrari 625 TRC Spider fetches €5,040,000 in Monaco sale

1957 Ferrari 625 TRC Spider - sold for €5 million R M Auctions Monaco sale at the weekend achieved sales of €33.5 million with a 1957 Ferrari 625 TRC Spider reaching €5,040,000. Last month we reported on a very rare and very appealing 1957 Ferrari 625 TRC Spider being listed at R M Auctions Monaco sale, which took place this weekend, the first time on sale for 30 years. It sold for a not insignificant €5,040,000.

Chevrolet Cobalt

The Cobalt is yet another Chevrolet making its debut at the Buenos Aires International Motor Show. Reviving the previously defunct name, the three-box Cobalt has been developed by GM's Technical Center in South America. Finished in a 'smoke beige' hue, the show car is said to be the result of research that showed cutomers' desire for more internal space paired with increased refinement and equipment.

Ford, GM work together on new nine-, 10-speed transmissions

Ford Motor Co. and General Motors are developing nine- and 10-speed transmissions jointly for use in cars, crossovers, pickups and SUVs. The rivals say partnering on the automatic front- and rear-wheel-drive gearboxes will get them to market faster and cheaper than each automaker could do on its own.