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Multi-Million Euro Results At Coys Classics Auction

THE MONEY flowed thick and fast at the recent Essen Techno Classica classic car show, as Coys auctioneers sold some important cars for significant sums of cash. Headline-grabbing cars included a 1972 Ferrari 365 GTB/4 Daytona Berlinetta that went for €487,305, a 1963 Bentley S3 Continental “Flying Spur” for €170,825 and a 1965 Ferrari 330GT 2+2 for €167,468. Other important classic cars that went under the hammer were a 1962 Jaguar E-Type Series I 3.8 Litre Roadster for €112,637 and a 1937 Bentley 3½ Drophead Coupe by Barker for €109,280.

Ford earns $2.6 billion in first quarter

Ford, helped by new models, rising U.S. sales, and a rebound in Europe, reported a first-quarter profit of $2.6 billion today. In the first quarter of 2010, Ford earned just over $2 billion.

Consumer Reports slams new Honda Civic

Honda Motor Co., still struggling with supply shortages of the redesigned 2012 Civic after the March earthquake in Japan, took a slap in the face today when Consumer Reports rated the new Civic "too low to be recommended." The 2012 Honda Civic dropped 17 points, from a very-good score of 78 to a mediocre 61, in the latest Consumer Reports road test of small cars. Previous Honda Civic models have often been Consumer Reports' highest rated small sedans, as well as Top Picks in five of the past 10 years. But the redesigned model was slammed for the cheapness of its interior, poor ride quality, long stopping distances and loud interior noise.