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Under the hammer, overseas: Russo and Steele explores classic-car auction in China

It's ambitious, it's unprecedented and it's loaded with pitfalls. But if it can be pulled off, it could serve as a template for international growth for American auction houses. Russo and Steele is expanding into China and has announced plans this fall to form a joint venture with a Chinese company as a foothold.

Audi Traffic Light Recognition could save you money

Audi Traffic Light Recognition system (pictured) could save you money In the never ending quest to reduce fuel consumption – and, by definition, emissions – car makers are looking for every angle that might help. And Audi has come up with a traffic light recognition system they reckon could be good for a 15 per cent fuel saving. Sadly, Audi’s traffic light system doesn’t work by changing the lights to green as you get to them, but it is able to work out traffic light sequences and help you plan ahead.

Alfa Romeo 4C Launch Edition: Geneva Motor Show 2013

Alfa Romeo has revealed the Alfa 4C at the Geneva Motor Show and the Alfa 4C Launch Edition which will cost €60,000. The Alfa Romeo 4C Launch Edition – just 1,000 are being built with only 400 staying in Europe – will cost a fairly strong €60k (around £52,000) and comes in either Carrara White of Alfa Red with a carbon fibre bodykit that adds carbon fibre for the spoiler at the back, to the door mirrors and round the headlights with dark alloys and front air intakes. The suspension also gets a tweak.