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Money flows at Monterey Auctions

Buyers of classic vehicles have dug deep into their pockets at auctions on the Monterey Peninsula, easily topping the sales totals from last year with one auction still remaining. More than $203 million has been spent on 704 vehicles, for an average sale price of $288,360. In 2011, the auction houses set a record for total sales during Pebble Beach week at $197,732,538 having been spent on 881 vehicles for an average sale price of $224,441.

College Exhibition: NID Degree Show 2009

Initiated in 2006, the post-graduate diploma program in Transportation and Automobile Design at India's National Institute of Design (NID) is the first program of its kind in India. At the end of last year, the university held its annual degree show showcasing the works of eight graduating students alongside works of junior students at the 'Design Street' at NID's campus in Ahmedabad. During their three year course of study, the students had an option of participating in a joint degree program between NID and Domus Academy in Italy.

Caterham plans to expand lineup under new owner, report says

Caterham Cars is growing its sports-car lineup, fueled by new owner Tony Fernandes, according to the Web site of U.K. car magazine Autocar. Fernandes's Team Lotus Enterprise, which owns the Team Lotus Formula One team, also plans to introduce the existing Caterham Seven and SP.300/R models to new markets.