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Concept Car of the Week: MG EX-E

The MG EX-E, developed by Austin Rover and unveiled in 1985, is the subject of our Concept Car of the Week. Dubbed "The concept car that's too exciting to keep secret", it was a production-feasible project that would act as a blank canvas for all future Austin Rover creations. Roy Axe, Design Director of Rover, designed the car around the Metro 6R4 and had an aluminum chassis and plastic body.

Ferrari to show Enzo replacement to a select few by the end of the year

Ferrari will show the replacement for the Enzo supercar to a select group of current and potential customers at the end of 2012, Ferrari Chairman Luca Cordero di Montezemolo said. “We want to surprise people not just in terms of price but also with the car itself,” Montezemolo told Automotive News Europe on the sidelines of the Geneva motor show last week. Ferrari has not decided when the new limited-edition model will make its public debut.

Monterey auction kicks off with woodies sale

The Sports and Classics of Monterey auction is in full swing, and a collection of classic woodies netted $7 million Thursday. The Nick Alexander Woodie Collection featured 51 pristine pre- and postwar Ford and Mercury wood-bodied station wagons. The event was staged by RM Auctions in advance of the Pebble Beach Concours d'Elegance.