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Under the hammer, overseas: Russo and Steele explores classic-car auction in China

It's ambitious, it's unprecedented and it's loaded with pitfalls. But if it can be pulled off, it could serve as a template for international growth for American auction houses. Russo and Steele is expanding into China and has announced plans this fall to form a joint venture with a Chinese company as a foothold.

Tesla Model S EV the best-selling car in Norway

Tesla Model S EV (pictured) is the best-selling car in Norway We’ve already seen that the Tesla Model S electric car is out-performing many luxury cars in the US, and with reviews of the Tesla S finding very little not to like it seems strong Tesla S sales are a trend that will continue. But it’s one thing taking on low-selling, high-end cars, and quite another becoming the best-selling car bar none in a given market, but that’s exactly what Tesla has achieved in Norway in the first few weeks of September. Admittedly, Norway’s car market isn’t huge, but the Tesla Model S managed to move in to buyers hands in Norway in the first two weeks of September at a quicker rate than even the regular VW Golf, selling 322 compared to the Golf’s 256.

Ford Mondeo/Fusion unveiled at 2012 Detroit show

Ford unveiled its new 2013 Mondeo at the Detroit auto show - the new Mondeo is in fact now a Fusion in Euro drag. Under the One Ford rules, most major car projects are in fact global affairs, so the Mondeo follows in the footsteps of the Focus, also unveiled in Detroit two years ago and brought to Europe a year later. We'll have a similarly long wait for the Ford Fusion to make the leap to the European Mondeo, with a launch slated for spring 2013.