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Auctioneer Dean Kruse's money woes continue
Thu, 19 Nov 2009Auburn, 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.
New Audi RS6 to get 572bhp V8
Sat, 04 Aug 2012The 2013 Audi RS6 looks set to swap its V10 for the new Audi V8 with the wick turned up to 572bhp – the same as the old V10. Most of the new A6 range has now arrived in showrooms – including the S6 and Avant – but what’s still missing is a new RS6, the Audi that used to have the heart of a Lamborghini. But as we reported in April, the 2013 RS6 is well on the way but it will be losing its Lamborghini V10 with its 5.2 litres and 572bhp and will instead get the Audi/Bentley twin-turbo 4.0 litre V8.
Mitsubishi CEO pledges to stay in U.S., wants to quadruple sales
Thu, 23 Sep 2010Mitsubishi Motors Corp. President Osamu Masuko says the company won't pull out of the U.S. market and that his personal mid-range sales target is 200,000 units a year, or roughly four times today's level of 50,000.