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1958 Ferrari Berlinetta sells for $3.6 million at RM auction in London
Thu, 27 Oct 2011A 1958 Ferrari sold for $3.6 million at RM Auctions' annual event in London on Oct. 26. But other top lots--including another Ferrari, a Lamborghini and an Aston Martin--failed to reach the reserve price for a sale.
Festival of the Unexceptional: the bad cars we love
Mon, 28 Apr 2014Ever been to a classic car show and noticed how many old MGBs and sports cars of yesteryear have turned up, driven by their proud owners, but wondered what happened to all the more mainstream stuff? There are twice as many Ferrari 308 GTBs on the roads in the UK than Austin Allegros, because the everyday cars of the past fail MOTs, get chucked away and replaced with shiny new hatchbacks. Fortunately, there is a select group of people in the UK who care for the mundane stuff of yesterday and, because of this, a new event for “unexceptional” cars will be taking place this summer.
Chrysler first-quarter profits down
Mon, 29 Apr 2013Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.