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1961 Ford Gyron concept scale model sells for $40,000

A scale model of the 1961 Ford Gyron concept has sold at auction for $40,000, around four times its estimate. The space-age concept car – designed by Alex Tremulis, McKinley Thompson, Syd Mead, Bill Dayton, John Najjar, and Elwood Engel – debuted in 1961 at the New York International Auto Show and featured two wheels mounted along the car's centerline, usung a gyroscope for stability. The full-size model – which relied on stabilizing wheels instead of a gyroscope – also predicted the development of satellite navigation systems, car phones and infrared sensing.

GM sells trucks through Costco program

Membership warehouse retailer Costco has launched a deal with General Motors allowing its members to buy certain Chevrolet and GMC trucks through select franchised new-car dealers at a "preferred price"--generally equivalent to the price that the automaker offers its suppliers' employees. Rick Borg, vice president of the Costco Auto Program, on Tuesday said the club expects its members to buy more than 5,000 new Chevrolet and GMC trucks under the program. The program runs through Jan.

Retailers urged to cut fuel prices

FUEL RETAILERS have been urged to "immediately" ease pressure at the pumps by passing on a drop in wholesale prices to motorists. The RAC said a litre of unleaded petrol sold wholesale for 6p less since the end of August, while diesel was down by 2p a litre, giving petrol stations the power to lower prices on the forecourt. The car services company explained lower prices were due to a drop in oil prices since Syria agreed to sign an international treaty banning chemical weapons and the pound reaching a seven-month high against the dollar.