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Arizona auctions: Scottsdale sales net an estimated $157 million

WITH VIDEO -- Five days of sales staged by auto auction companies in the Phoenix area pulled in a combined estimated total of $157 million, according to Hagerty Insurance. The five companies staging auctions--Barrett-Jackson, Gooding & Co., RM Auctions, Russo and Steele and Silver Auctions--offered 2,887 lots for sale and sold 2,325 of them, an 81 percent sell-through rate. A 2006 Ferrari FXX Evoluzione at the Gooding auction was listed as the top single sale with a price of $2.09 million, Hagerty said.

Mazda reportedly to pull out of Michigan joint venture with Ford

Mazda is reportedly pulling out of a joint manufacturing venture with Ford Motor Co. that was thought to be unprofitable for the Japanese carmaker. The site, AutoAlliance International, is about 25 miles south of Detroit and makes the Mazda 6 and the Ford Mustang.

Lotus Evora 414E Hybrid (2010): first news

By Tim Pollard First Official Pictures 24 February 2010 18:00 Lotus has confirmed the full details of its new Evora Hybrid, or the Lotus Evora 414E Hybrid Concept Car, to give it the full, long-winded name. It's a plug-in petrol-electric hybrid car in keeping with Hethel's performance credentials: it'll hit 60mph in 'less than 4sec'. The range of the Evora hybrid testbed is said to be more than 300 miles.