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Auctioneer Dean Kruse's money woes continue

Auburn, Ind., auctioneer Dean Kruse has been ordered by a local court to pay more than $1.3 million to an Indiana bank, and a leasing company has asked a federal judge to repossess Kruse's 1985 Cessna jet, which had been insured at $3.5 million. These two recent events are on top of several months' worth of financial woes for one of the classic-car world's best-known auctioneers. AutoWeek reported in August that people from across the country were complaining that they had not been paid for cars sold at various Kruse International auctions.

Mercedes at 2012 Goodwood Festival of Speed: Historic racers, AMG & lots more

Mercedes at 2012 Goodwood Festival of Speed Mercedes plan to put on a show at the 2012 Goodwood Festival of Speed with historic F1 cars, AMG, historic cars and much more. The 2012 Goodwood Festival of Speed is now only a little over three months away, and car makers are starting to reveal what plans they have for what is quite possibly the best pertrolhead experience in the world. Mercedes are offering a cornucopia of delights for the 2012 FoS and are taking the opportunity to bring along their latest offerings as well as plenty of stuff from their back catalogue, and the two collide in the 2012 Mercedes SL as Mercedes celebrate 60 years since the W194 300 SL and 75 years since the 1937 W125 Tripoli Grand Prix car.

Alfa again delays U.S. return as European debt crisis deepens

Alfa Romeo has delayed the U.S. introduction of several key models by at least another year and has canceled plans to build a mid-sized SUV at Chrysler Group's factory in Toledo, Ohio. Alfa Romeo CEO Harald Wester, in a presentation to financial analysts in Frankfurt on Wednesday in connection with the Frankfurt auto show, said Alfa Romeo was scaling back its global expansion plans.