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Classic car prices on the up: Jaguar D-type sells for £3 million

Classic car prices seem to be ever-rising, with historic models becoming an investment to rival buying property or gambling on the stock market. The inaugural RM Auctions Paris sale this week was a case in point, and resulted in nearly £15 million’s worth of the world’s rarest and most exotic cars going under the hammer. Four cars alone went for in excess of £1 million, and a Jaguar D-type sold for three times that amount.

Subaru WRX and Legacy Concept at Los Angeles Motor Show 2013

Microsoft Subaru unveiled a pair of newcomers at the 2013 Los Angeles Motor Show - a red-hot WRX fast saloon (above) and a concept car depicting the next Legacy (below). The WRX is a Subaru performance icon, but has been around the block a few times in recent years. First it was a four-door blue and gold rally hero, then it became a sensible hatchback.

Spyker, Youngman agree on joint venture

Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.