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Classic car prices on the up: Jaguar D-type sells for £3 million

Classic car prices seem to be ever-rising, with historic models becoming an investment to rival buying property or gambling on the stock market. The inaugural RM Auctions Paris sale this week was a case in point, and resulted in nearly £15 million’s worth of the world’s rarest and most exotic cars going under the hammer. Four cars alone went for in excess of £1 million, and a Jaguar D-type sold for three times that amount.

BMW recalls 1.3 million 5 & 6 Series cars

BMW recall 1.3 million 5 & 6 Series BMW is to recall 1.3 million 5 Series and 6 Series cars built between 2003 and 2010 to fix a battery cable cover. It’s been an expensive year for BMW on the recall front. January saw MINI recall 235,000 Cooper and JCW models to fix a faulty auxiliary water pump on the turbo, and now a massive 1.3 million BMW 5 Series and 6 Series cars are being recalled. The cars affected are the BMW 5 and 6 Series built between 2003 and 2010 where BMW has discovered a battery cable cover in the boot may have been mounted incorrectly.

GM names marketing vice president

General Motors said it has hired Joel Ewanick as vice president, U.S. marketing, effective May 24. Ewanick, 49, will report to Mark Reuss, president, GM North America.