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News watch August 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 31 August 2012•European car sales continue to struggle, down 8.2% in July. Spain, europe's biggest market, saw sales frop the most, by a massive 26%.

RM auction in Monaco rakes in $45.1 million

Call it the Feast of Ferrari. Led by a stunning lineup of rare and classic automobiles wearing the Prancing Horse, sales at the RM auction in Monaco on May 1 totaled more than $45.1 million. The highest seller at the event was a 1962 Ferrari 400 Superamerica Cabriolet Pininfarina AWB, which sold for $3.8 million, a record for Superamericas, RM said.

Nissan Leaf Revealed – 3 more Electric Cars to come

The Nissan Leaf revealed at Tokyo Not surprisingly, Carlos Ghosn – Nissan’s boss – has revealed that Nissan are working on a range of electric cars to be released in the next few years. Considering Nissan partners with Renault, and Renault announced something similar at Frankfurt, it’s not a huge shock toi the system that yet another car maker is going to churn out a range of EVs. First up is the Leaf, with Nissan aiming to launch an electric version of their NV200 van later in 2010.