Volkswagen Golf 2005 F. Right Caliper [8044330] on 2040-parts.com

Arizona auctions: Scottsdale sales net an estimated $157 million

WITH VIDEO -- Five days of sales staged by auto auction companies in the Phoenix area pulled in a combined estimated total of $157 million, according to Hagerty Insurance. The five companies staging auctions--Barrett-Jackson, Gooding & Co., RM Auctions, Russo and Steele and Silver Auctions--offered 2,887 lots for sale and sold 2,325 of them, an 81 percent sell-through rate. A 2006 Ferrari FXX Evoluzione at the Gooding auction was listed as the top single sale with a price of $2.09 million, Hagerty said.

New BMW M3 and M4 engine secrets laid bare

BMW's M division has lifted the veil of secrecy on the inline six-cylinder engine bound for its upcoming M3 sedan and new-to-the-range M4 coupe and convertible, revealing a potent twin-turbocharged 3.0-liter direct injection gasoline unit that produces an official 424 hp at 7,500 rpm and what officials describe as "significantly more than 369 lb-ft" of torque. The newly developed engine, known under the internal codename S55 B30, shares its 84.0 mm bore and 89.6 mm stroke with BMW's standard turbocharged 3.0-liter in-line six-cylinder direct-injection gasoline mill, the M55 used across the German car maker's lineup, endowing the aluminum block unit with an overall swept volume of 2,979 cc. This represents a sizeable 990 cc reduction on the engine BMW's M division's new unit replaces, the S65.

Audi Urban Future: Project New York

Audi will take advantage of New York's 'Festival of Ideas' to display their vision of Manhattan in 2030, an objective that fulfills part of the German automaker's Urban Future Initiative. Now in its second year (the first was held in Venice last year) the initiative was created with the intention of looking at the future of megacities as well as individual transport methods and mobility. For Project New York, Audi will be bringing together architects, designers, artists and researchers to visualize ideas for the city's future, and the carmaker has collaborated with the Architizer architecture community to create a 1:1200 scale model of Manhattan.