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Ford GT Sells For a Record $11 million at RM's Monterey Auction

RM Auctions sold a 1968 Ford GT40 Gulf/Mirage coupe Friday night at its Monterey sale for $11 million, setting a record for the highest price paid for an American car at auction. The Friday sales showed once again a very strong market for cars selling at auction, according to statistics gathered by classic car insurance giant Hagerty. In comparing this year's sales to last year, the total number of cars sold in two days of auctions was down slightly while the total amount generated -- $67.5 million – is far greater, as is the average selling price.

Interior Motives Design Awards 2008

The second press day of the Paris motor show once again coincided with the annual Interior Motives Design Awards, a competition open to student designers around the world and now in its sixth year. A jury made up of high-ranking design professionals, including the likes of VW's Flavio Manzoni and Faurecia's Andreas Wlasak, selected winners in the following 11 categories: Best Use of Ambient Lighting Best Innovation Best Production Interior Best Use of Technology Best Lifestyle Interior Best Safety Innovation Best Personalisation Best Eco Design Best Conceptual Interior Best Conceptual Exterior Best Xperience The title of 2008 Student Designer of the Year - and the grand prize of $5000 - went to the Royal College of Art's Pierre Sabas. His four-seater Free Form coupe concept took an inside-out approach to design, consisting of articulated, interlocking seat elements designed to eliminate the need for bulky, constrictive exterior crumple zones, and a sliding dashboard for adaptable ergonomics.

Toyota begins making fixes

Toyota Motor Sales U.S.A. Inc. said its dealers across the country have received the parts, information and training they need to fix accelerator pedals in recalled Toyotas and that repairs have begun.