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Amazing barn-find auction totals £1m

THE LARGEST collection of ‘barn find’ cars ever assembled in one auction has raised more than £1 million. The auction, which included amazing and rare lots including Aston Martins and Jaguars, was the first of its kind and took place at Silverstone Auctions’ Practical Classics Restoration Show. More than 85% of the cars put up for sale have found new owners.

Concept Car of the Week: IAD Alien (1986)

Established in 1976 as a railway and aeronautical engineering company, Britain's IAD (International Automotive Design) rapidly oriented its expertise towards the automotive industry providing services from design to chassis engineering and even small-scale production. By the mid-80s two concepts had been presented – the TRX and the Arrival – that showed innovative thinking and tastefulness but a little innocuous styling. In an attempt to attract both attention and more clients, IAD CEO John Shute asked his team to design a futuristic concept that was both innovative and different.

Chrysler, Hyundai-Kia, VW lead industry to 14 percent sales gain

U.S. auto sales--led by big gains at Chrysler Group, Hyundai-Kia, Mercedes-Benz and Volkswagen--rose 14 percent last month for their biggest increase since April. On a seasonally adjusted annual basis, sales reached 13.6 million units last month.