Chevrolet - Custom Engraved Key Ring (free Engraving) on 2040-parts.com

Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.

Vauxhall to launch sub-£7k city car

Vauxhall is believed to be working on a budget city car to rival the Toyota Aygo, Peugeot 108 and Citroen C1 trio unveiled earlier this month at Geneva. According to Auto Express, the new small hatchback will be based on the Chevrolet Spark platform and will start at less than £7,000 – undercutting the firm’s current Adam model by over £4,000. On Bing: see pictures of Vauxhall city cars Find out how much a used Vauxhall costs on Auto Trader If you’re expecting a bland box on wheels like the Agila, don’t fear – as Vauxhall has reportedly said the new car will “have its own distinct personality”.

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.