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Frank Sinatra's Cadillac, Steve McQueen's Chevy truck to cross the block at ‘Classic California' auction

Bonhams & Butterfields is having a star-studded auction this Saturday at the Petersen Automotive Museum in Los Angeles. Lots of celebrity rides will cross the block at the event, which is being billed as a “Classic California” collection of cars, motorcycles and memorabilia. Here are some of the highlights: -- Actor/racer Steve McQueen's 1949 Chevrolet pickup will be offered for sale for the first time by his widow, Barbara Minty McQueen.

Ford gets another NO on Volvo

And the beat goes on… Ford has been trawling the world’s car manufacturers (and Governments) for what seems like forever, in an increasingly desperate attempt to off-load its Swedish subsidiary, Volvo. They appear to have tried everyone from the Swedish Government to BMW and Mercedes, with a fair dose of Chinese firms in between (has Ford offered to sell it to you yet? Don’t worry, it won’t be long!) And now Reuters are reporting that yet another Chinese Car Co has declined the offer.

Iacocca shows off his custom 45th-anniversary Mustang

The man behind the original Mustang--Lee Iacocca--is back with a custom-built 2009 version that celebrates 45 years of the iconic pony car. Iacocca unveiled a sleek, performance 'Stang named after himself, the Iacocca Silver 45th Anniversary Edition. It's available through Galpin Ford in Southern California and will be limited to 45 copies.