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World’s biggest classic car auction sells Simon Cowell’s Bugatti!
Fri, 24 Jan 2014Ever heard of the Barrett-Jackson Scottsdale auction? No, we hadn’t either, but it’s been dubbed the ‘world's greatest collector car auction’, with the last sale resulting in 1,400 vehicles sold for a total sum exceeding a cool $113 million. The Scottsdale auction is a mecca for classic car nuts and celebrity spotters alike, with six days of live, high-definition auction action played on Fox TV.
Tesla Model S warranty extended to 8 years for Drivetrain
Sat, 16 Aug 2014Tesla Model S warranty extended to 8 years for Drivetrain The Tesla Model S – perhaps the only truly useable electric car – has taken the motoring industry by storm, and now it’s getting better still for owners as Tesla announce an extended warranty on the drivetrain of the Model S to 8 years, matching that of the battery pack. The warranty also applies retrospectively, so all Model S Teslas already in the hands of owners are covered – and the warranty can be transferred to as many new owners as needed – for a full 8 years, which is unlimited for the 85 models and 125k miles for the 60 models. It’s a strong response from Tesla after a number of long-term tests (by Consumer Reports and Edmunds in particular) produced a number on niggling problems, and standing behind their product so solidly – just as Hyundai/Kia did – may not take the niggles away but it will give comfort to prospective buyers (if not shareholders, at least in the short term).
Koenigsegg backs out of deal to buy Saab
Tue, 24 Nov 2009Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.