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Auctioneer Dean Kruse's money woes continue

Auburn, 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.

BMW i3 Concept Coupe (2012) first photos

BMW has converted its i3 electric hatchback into a three-door. Munich might call it the new BMW i3 Concept Coupe, but essentially it's the hatch minus a pair of doors. Receiving its world debut at the 2012 Los Angeles auto show, which starts later today, the new BMW concept car is another spin-off from the Project i electric car family and proves that Munich plans a whole family of EVs when the range launches in 2013.

New car sales surge by 7.6%

THE SURGE in new car sales has continued into the new year. There were 154,562 new vehicles registered last month, a 7.6% rise on January last year, the Society of Motor Manufacturers and Traders (SMMT) said. The society said sales of alternatively fuelled vehicle increased by 25%.