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Arizona auctions: Plenty of bidders are willing to buy

Friday's auction results from the four major auction houses continue on a strong streak, with sales reports topping even optimistic pre-event estimates. RM Auctions completed its second and final day of sales in Phoenix, posting results totaling an estimated $30.6 million, a record-high amount for this event. The Canadian-based company also garnered the most talked about sale of the day, a 1955 Mercedes-Benz 300SL steel-bodied "Gullwing" that sold for $1.375 million.

Chrysler wants to start with 165 Fiat dealerships in the United States

Chrysler Group dealers who initially get Fiat franchises will be expected to start with small showrooms--2,500-3,000 square feet--enough to display three or four cars. Such a small showroom will be sufficient to sell the Fiat 500 minicar, which will arrive in dealerships at the end of this year. Chrysler expects to initially name 165 dealers in 119 U.S.

Ferrari F70 (new Enzo) to get 920bhp

The new Enzo Ferrari - the Ferrari F70 - will get 920bhp It’s reported that the replacement for the Enzo Ferrari – the Ferrari F70 – will get a V12 with KERS delivering 920bhp. Georg Kacher is a man many of us grew up reading in CAR Magazine, a man who made the monthly cost of the mag a bargain all on his own (well, with LJK). So when Georg Kacher tells us that the new Ferrari F70 will have a V12 with 800bhp and a KERS package with an electric motor adding a further 120bhp, we believe him.