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Barrett-Jackson undergoes independent audit of 2008-09 auction results

Barrett-Jackson Auction Co. is opening the books on its 2008-09 auction season for an independent review by auditors from Deloitte & Touche. The auditors will examine Barrett-Jackson's auction practices, including its consignment process, bidder qualification procedures, adherence to contract sale terms and proper, timely and accurate payment to sellers.

Saleen Performance to end S302 Ford Mustang production, prepares to expand

If ordering a Saleen S302 Ford Mustang is on your wish list, the time to do it is now. Revstone Industries, owner of Saleen Performance Vehicles, said on Wednesday that it will stop taking orders for the car in May and will finish building Saleen Mustangs in suburban Detroit by the fall. But the Lexington, Ky.-based company is not getting out of the performance parts and merchandise businesses and isn't abandoning the vehicle-upfitting field, spokesman Pete Borum said.

Honda Vezel crossover arrives at the Tokyo motor show

For the record, Vezel rhymes with "bezel," and it's the name of Honda's long suspected Fit-based crossover. Honda showed off the new Vezel hybrid model at the Tokyo motor show, though the production model set to launch in Japan in December will also be available with a straight-gasoline 1.5-liter direct-injected engine also. Other details are still slim, but the company did claim a "Sport Hybrid i-DCD" powertrain will get a stronger engine and most likely a dual-clutch transmission with integrated electric motor.