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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.

Crown Victorious: 2013 Ford Taurus Interceptor might save precincts fuel and money

The 2012 Ford Taurus Police Interceptor will use 35 percent less fuel than the Crown Victoria, while the Explorer-based 2013 Ford Police Interceptor utility vehicle will use 32 percent less than its competitors, Ford said on Friday. The city and highway ratings of the 3.5-liter Taurus are 18 mpg and 26 mpg, which betters the Crown Victoria by 25 percent. The additional 10 percent in Ford's estimate is said to come from the Taurus Interceptor's improved idling habits.

EyesOn Design Awards Winners announced

On the second day of the Detroit auto show, the traditional EyesOn Design awards took place in the newly-opened Atrium Stage of the Cobo Hall. For the first time in its eight-year history, the judges of the competition (who include present and retired design directors from almost every major automotive OEM) awarded the 'Best Concept Vehicle' award to two designs – the Ford Atlas and Nissan Resonance, beating the Hyundai HCD-14 Genesis and Lincoln MKC concepts to the award. In the production car category, the Cadillac ELR was a somewhat surprise winner, beating internal GM rival, the new Corvette Stingray to the award.