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1960 Maserati Birdcage to cross the block at Mecum Monterey auction

Mecum Auctions is touting a 1960 Maserati Tipo 61/60 sports racer--a “Birdcage” series original--as part of its high-profile lineup for its Monterey sale this summer. The 1960 Maserati Tipo 61/60 Birdcage stands for a creative streak in Maserati's design. It was originally built for legendary Le Mans racer Briggs Cunningham, now a member of the International Motorsports Hall of Fame, and competed at Sebring in 1960.

Higher speed limits 'save lives'

AN INCREASE in the speed limits on some roads in Denmark has reduced traffic collisions and cut road deaths. The two-year trial has also found that higher speed limits on motorways have helped lower the number of accidents. The Danish road directorate conducted the trial on rural two-way roads where there had previously been an 80km/h (50mph) speed limit and increased it to 90km/h (56mph).

Spyker attempting to sell Saab real estate in money-raising move

The next chapter in the Saab cash crunch appears to involve Spyker selling Saab real estate to an unnamed financial institution, with the automaker leasing the property back for its operations. Saab has been forced to shut down production twice in the past few weeks in the wake of unpaid supplier bills, raising concerns that Dutch owner Spyker may be facing a liquidity crunch. The latest move is likely aimed at freeing capital for the automotive operations while the company negotiates for a loan with the help of the Swedish government.