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Alfa owners throw a party for iconic brand

Alfa Romeo turns 100 on June 24, and the Capital Chapter of the Alfa Romeo Owners Club (AROC) is celebrating the famed Milanese maker's centennial with a weeklong series of festivities called “Alfa Century 2010.” Centennial celebrations take place June 21-27 in numerous locations throughout the world including in Milan, at the Goodwood Festival of Speed and during the Monterey weekend. But the Washington, D.C.-based AROC Capital Chapter's birthday bash represents the largest Alfa-exclusive commemoration in the United States. Chapter president Harlan Hadley said he expects a terrific turnout of Alfa Romeos from all eras of “Anonima Lombarda Fabbrica Automobili” (A.L.F.A.) history.

Lamborghini Gallardo LP550-2 leaked

Lamborghini Gallardo LP550-2 If you know anything at all about Lamborghini’s, it won’t take too long to work out that this will be a 550hp V10, but with 2-wheel drive instead of the 4-wheel drive we ‘ve got used to in recent years. So think of this as a hardcore drivers Gallardo – a Superleggera. Dropping the 4WD will shed a chunk of weight, and change the dynamic of the car from the LP560-4.

Video: Hagerty reviews Saturday news from Monterey auctions

Hagerty's Dave Kinney, Donald Osborne and Rob Sass discuss auction results for Russo and Steele, Mecum, Gooding & Co. and RM Auctions. The Monterey Week is packed with car shows, vintage racing and car auctions.