Under the hammer, overseas: Russo and Steele explores classic-car auction in China

It's ambitious, it's unprecedented and it's loaded with pitfalls. But if it can be pulled off, it could serve as a template for international growth for American auction houses. Russo and Steele is expanding into China and has announced plans this fall to form a joint venture with a Chinese company as a foothold.

GMC Granite Concept at Detroit Motor Show

The GMC Granite Concept has previewed at the Detroit Motor Show We have to get used to US car makers coming up with cars that really don’t fit with the universal impression of a Yank-Tank. Times they are a changing’ and the US car industry is being dragged in to the 21st century. Latest Euro-Asian style offering comes in the form of a GMC.

McLaren's latest P12 teaser video

McLaren has followed up its announcement that its Paris-bound P12 hypercar, teased with an image last week, by releasing a video that suggests the shape and aerodynamics we can expect from the car. The video shows a series of lights passing over an invisible object – the P12 – and using the lightshow it is possible to imagine the general shape of the car, without any detail of course. If the P12's unveiling is anything like the light show in the video, it should be a fantastic experience in Paris.