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RM Monaco sale tallies $43,410,615
Tue, 15 May 2012RM Auctions sold 87 percent of the lots it offered at its Monaco sale held last weekend at the Grimaldi Forum. The result was $43,410,615 in total sales, with six lots bringing more than $2 million and 10 lots bringing more than $1 million. A 1957 Ferrari 625 TRC Spider drew the biggest bid, selling for $6,469,848.
New Porsche SUV could be called Cajun
Mon, 27 Sep 2010Volkswagen AG CEO Martin Winterkorn said a new Porsche small SUV will be brought to market soon as part of plans to expand the sports car brand's lineup to boost sales. Winterkorn said Porsche will get "a new SUV, a smaller brother to the Cayenne which might be named Cajun." He was speaking in an interview with German magazine Der Spiegel that was published Monday. Volkswagen is taking over Porsche Automobil Holding SE's carmaking operations as the companies build on a partnership that includes sharing vehicle platforms.
U.S. Car Makers bailout fails
Sat, 13 Dec 2008This is a really difficult one. Do you save the U.S. car makers from oblivion, or do you use taxpayers money to rescue them?