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Qvale, nearing 90, sees life after crash for U.S. industry

The troubles roiling Detroit's automakers are familiar to Kjell Qvale, the legendary importer and dealer in San Francisco. Qvale, who turns 90 on July 17, has seen this movie before. For instance, many of the British automakers that Kjell Qvale (shel kah-VAH'-lee) depended on for sports and luxury cars collapsed in the 1970s.

Ferrari 250 GTO hitting Bonhams in August – but how much will it sell for?

Will the Violati Ferrari 250 GTO (pictured) break the $60 million barrier? The last Ferrari 250 GTO Series 1 to hit auction rooms in 2012, fetched a remarkable $35 million, and last year another 250 GTO – chassis #5111 – was sold in a private deal thought to be worth $52 million. And now another Series 1 250 GTO is about to hit the sale room.

Eterniti Hemera

Eterniti Motors, the new British boutique manufacturer, today released further details of its prototype super-SUV, the Hemera. The Hemera is essentially a heavily re-worked Porsche Cayenne, which features a ‘limousine-like rear cabin' that boasts a plethora of luxury additions such as Maybach-esque twin electric reclining seats, an iPad for each passenger and a drinks chiller. The carbon-composite bodied SUV will be hand-built in London and aims to deliver ‘considerable' driver appeal in addition to its limousine moniker which, according to Eterniti, offer customers the option of being chauffeured as well as being driven.