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Volkswagen creates R division for sporty cars

Volkswagen is officially creating a company to develop sporty cars; it will be called Volkswagen R GmbH. This may sound familiar--VW already calls some of its specialty cars Rs--and now it's bundling sales and development all into one unit. VW has the Scirocco R and the Golf R for cars, as well as the dynamic R Line of design trims.

Deloitte interviews 677 'millenials,' concludes they're broke

Until artisanal, sustainable, locally sourced craft-beer bars can upend themselves from their Brooklyn brownstones and directly to your Park Slope loft entrance, it turns out that today's youthful generation will still need to buy cars to get places. In fact, they might even be picky about what they spend time in, which means that young people, even "millennials," are doing research on cars and forming their own opinions as smart consumers. Hey, doesn't that sound familiar?

Scottsdale auction results: Video wrap-ups recount total sales

Now that the 2012 Scottsdale collector-car auctions in Arizona have come to a close, our friends at Hagerty Insurance have wrapped up all the numbers from the auctions in their latest edition of “Hagerty Classic Car TV.” In this episode, host Rob Sass, author Colin Comer and publisher Dave Kinney explore the 2012 sales figures and take a closer look at some of the more memorable vehicles, including a 1948 Tucker Torpedo and a 1955 Mercedes-Benz 300SL alloy Gullwing. Check out the video for all the details.