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Ferrari sets personal best in China

It was a solid year for Ferrari in the burgeoning Chinese car market in 2010, as the Italian dream maker racked up its most impressive sales in that country with a tally of 300 cars. Sales were up almost 50 percent compared with 2009 results. With 10 current dealerships and the addition of some new business partners, Ferrari expects the added sales for Hong Kong and Taiwan will elevate the region to one of the company's top five international markets.

Bugatti takes a pair of Veyrons to Shanghai show

The growth of manufacturing in Asia has minted more than a few wealthy people--the target audience for Bugatti. The French-based boutique carmaker took two examples of the Veyron to this week's Shanghai motor show--the Asian debut for the Veyron 16.4 Super Sport and an individually customized 16.4 Grand Sport. The Veyron 16.4 Super Sport in Shanghai wears black-colored carbon-fiber bodywork, accented with polished and anodized aluminum trim such as the badges and wheels.

Russo and Steele sues tent company over auction damage

Four months after its Scottsdale, Ariz., auction was disrupted by severe weather, Russo and Steele is suing tent company Tri-Rentals for damage caused when a tent collapsed on several hundred collector cars. In a statement released on Thursday, Russo and Steele said that it was forced to file suit against the rental company to protect its reputation. The auction firm says its lawsuit cites negligence, gross negligence, breach of duty of good faith and fair dealing.