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Ford GT Sells For a Record $11 million at RM's Monterey Auction

RM Auctions sold a 1968 Ford GT40 Gulf/Mirage coupe Friday night at its Monterey sale for $11 million, setting a record for the highest price paid for an American car at auction. The Friday sales showed once again a very strong market for cars selling at auction, according to statistics gathered by classic car insurance giant Hagerty. In comparing this year's sales to last year, the total number of cars sold in two days of auctions was down slightly while the total amount generated -- $67.5 million – is far greater, as is the average selling price.

Year-end discounts on 2012 models

Dealerships are working to get rid of the remaining 2012 models as the year comes to an end, so there are plenty of incentives on 2012 cars, pickups and SUVs. Here are our picks for the best deals: Chrysler 300 Chrysler is offering up to $5,500 cash back to buyers of select 2012 Chrysler 300 models. The most steeply discounted models include both the rear-wheel and all-wheel-drive versions of the 300C, 300C Luxury Series and 300S V8, as well as the 300S Mopar 12 rear-wheel-drive model.

Fisker Atlantic: Project Nina arrives early UPDATED

Fisker Atlantic - formerly Project Nina Fisker Atlantic is the baby Karma – know as Project Nina – and we have the first leaked photo ahead of a New York Motor Show debut. Update: We’ve now got official photos of the Fisker Atlantic in the gallery below. We now know that the baby Fisker Karma we’ve known until now as ‘Project Nina’ will be the Fisker Atlantic, and now we also know what it looks like thanks to a Czech Auto Forum.