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RM auction in Monaco rakes in $45.1 million

Call it the Feast of Ferrari. Led by a stunning lineup of rare and classic automobiles wearing the Prancing Horse, sales at the RM auction in Monaco on May 1 totaled more than $45.1 million. The highest seller at the event was a 1962 Ferrari 400 Superamerica Cabriolet Pininfarina AWB, which sold for $3.8 million, a record for Superamericas, RM said.

MINI Cooper S under investigation in U.S. over fires

MINI Cooper S investigation in US over Fires The MINI has been a big success in the US, and an even bigger success when you consider the American penchant for cars the size of a small aircraft carrier. And one of the favourite MINIs in the US is the hottest version of the MINI – the Cooper S. But following a spate of reports about the MINI Cooper S catching fire, the National Highway Traffic Safety Administration has set up an investigation to try and see if there’s a common problem.

Chrysler 300, Dodge Charger recalled to fix electric problem

Chrysler is recalling almost 120,000 Dodge Charger and Chrysler 300 sedans from the 2011 and 2012 model years to fix an electrical-system problem. The problem is with a fuse in the power-distribution center, according to the National Highway Traffic Safety Administration. If the power center overheats it could lead to a loss of antilock brakes and electronic stability control, which could lead to a crash.