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Audi R5, Porsche 550, VW Bluesport 'on hold'

Numerous indications are pointing to the exciting mid-engined VW, Porsche and Audi sports cars being on ice. The group had been collaborating to develop the VW Bluesport, Porsche 550 and Audi R5 - some observers had hailed the new roadsters as the Elise from Germany. Porsche doubts over the 550 But at the weekend Porsche CEO Matthias Muller told German business rag Wirtschaftswoche that he was worried a cheaper Porsche may dilute the brand's image.

Maserati Ghibli teased ahead of Shanghai Motor Show debut

Maserati appear to be teasing the arrival of the smaller Quattroporte – the Maserati Ghibli – at the Shanghai Motor Show later this month. Maserati is on a bit of a new model rush at the moment, and it looks like the tease photo they’ve released today is for the new Maserati Ghibli. The Maserati Ghibli isn’t going to be a sporty coupe – as you might reasonably expect – but a cut-down version of the new Quattroporte, designed to take on the performance versions of Europe’s executive express cars – think BMW 5 Series, Mercedes E Class and Jaguar XF.

Arizona auctions: Early days filled with optimism

The sun kept shining--both as a metaphor and in reality--while the cars were selling at the Arizona auctions. As of late Thursday, Barrett-Jackson had completed three of its six days of sales. Preliminary numbers assembled by on-site reporters indicate total sales of $20.2 million at the halfway mark, with 100 percent of the 656 cars on offer sold.