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Volkswagen aims for lofty Beetle sales

The attractive new 2012 Volkswagen Beetle is expected to sell as many as 50,000 to 60,000 units a year in the United States. The car launches this fall. That level will be a big improvement over the latter years of the outgoing model, in which sales dwindled to just 15,000 a year, but it remains lower than the record figure of 83,000 achieved 18 months after the launch of the revised model.

Adrian van Hooydonk named Director of BMW Group Design

In the wake of Chris Bangle's decision to resign from the top job, Adrian van Hooydonk takes over as Director of BMW Group Design with immediate effect. In his new position van Hooydonk will be responsible for the design development for the BMW, Rolls-Royce and Mini brands. "I am honored and extremely excited to take on this new responsibility," says van Hooydonk.

Ultra-rare 1936 Bugatti Type 57SC Atlantic sold

A 1936 Bugatti Type 57SC Atlantic was sold to an undisclosed buyer, auction house Gooding & Co. said on Wednesday. The price was not revealed, but it's believed to have sold for between $30 million and $40 million.