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Eterniti Hemera concept

An intriguing teaser sketch for Eterniti Motors, a new London-based luxury car brand, has been revealed this morning. The company's website features a teaser video and an early sketch of its first vehicle, the Hemera. It will be further developed, with more evolved versions of the sketch released every week leading up to its Frankfurt debut. Judging from the sketch, the full production-ready vehicle set to make its debut in Frankfurt will be a high-level SUV crossover.

SkyTran to trial maglev two-seater transport system in Israel

California-based skyTran has signed an agreement with Israel Aerospace Industries (IAI) to build a test version of its patented maglev transport network.  The 500 meter-long demonstrator will begin operation late next year, and is designed to prove the system's potential for reducing road congestion by lifting passengers above the highway, into space that's not currently utilized. The skyTran system is a network of computer-controlled, two-person vehicles that use maglev technology. Users will request one of the system's two-seater pods to the nearest available station using a smartphone app.

Arizona auctions: Scottsdale sales net an estimated $157 million

WITH VIDEO -- Five days of sales staged by auto auction companies in the Phoenix area pulled in a combined estimated total of $157 million, according to Hagerty Insurance. The five companies staging auctions--Barrett-Jackson, Gooding & Co., RM Auctions, Russo and Steele and Silver Auctions--offered 2,887 lots for sale and sold 2,325 of them, an 81 percent sell-through rate. A 2006 Ferrari FXX Evoluzione at the Gooding auction was listed as the top single sale with a price of $2.09 million, Hagerty said.