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Luxury cars still in demand

DEMAND remains strong for upper executive, sports and luxury cars says British Car Auctions (BCA), as buyers continue to support the company’s programme of Top Car and Executive sales. In the first half of the year, BCA sold 8,356 cars valued in excess of £20,000, worth a combined £231.4 million. Across the board BCA has averaged 102.57% of CAP Clean for cars sold for £20,000 or more in 2012.

GM files plan for stock offering

General Motors Co., moving to unwind itself from government control, on Wednesday filed plans to go public and begin selling common shares as early as this fall. The filing--anticipated for weeks--came just 13 months after GM was restructured in bankruptcy with $50 billion in direct aid from the U.S. government.

Aspid shares more details of the GT-21 Invictus

Aspid Cars released the first set of photos of its upcoming GT-21 Invictus sports car. We last heard from the Spanish company in May when it was admonishing us for Photoshopping its teaser photo into view. The GT-21 looks aggressive, angular and wildly styled by IFR Automotive.