Monday, October 10, 2011

World's oldest car sells for $4.6 million - Oct. 10, 2011



NEW YORK (CNNMoney) -- A steam-powered car, billed as the oldest car in the world that still runs, was sold at a Hershey, Pa. auction late Friday for $4.6 million.
The auction company, RM Auctions, had estimated that the car would sell for about half that much. It represents the highest price ever paid for an early automobile at auction. The price includes a 10% "buyer's premium" which goes to the auction company.
The name of the buyer has not been made public.
The car was built in France in 1884, about a year before Gottlieb Daimler and Karl Benz of Germany, who went on to found the carmakers that would become Daimler (DDAIF), maker of Mercedes-Benz luxury cars, built their first experimental gasoline-powered cars. (The two were working independently of one another.) Henry Ford finished his first garage-built car 12 years after this one. He later went on to found the Ford Motor Company (FFortune 500) and incidentally, he also founded the carmaker that would ultimately become the Cadillac division of General Motors (GM,Fortune 500).

The four-wheeled De Dion-Bouton et Trepardoux, nicknamed "La Marquise," was originally built for the French Count De Dion, one of the founders of the company that built it.

Fueled by coal, wood and bits of paper, the car takes about a half-hour to work up enough steam to drive. Top speed is 38 miles per hour. The car came close to that speed during what has been billed as the world's first automobile race in 1887, according to RM Auctions.
The car had last been sold in 2007 for about $3.5 million at a Pebble Beach, Calif. auction. To top of page
World's oldest car sells for $4.6 million - Oct. 10, 2011

Saturday, October 8, 2011

Tron-Inspired Lightcycle Hits the Road


It looks like a video game that’s come to life, that because it is.
The Lightcycle from Parker Brothers Choppers was inspired by the movie “Tron: Legacy,” where virtual characters race on high speed bikes that behind deadly trails of light.
The Parker Brother’s version can’t do that last part, but is otherwise a near exact replica of the CGI rides in the movie and, best of all, you can actually buy one.
Despite the unconventional seating position and hubless wheels, the Lightcycle is far from a show bike. It is powered by electricity, can travel up to 80 miles per 35 minute charge and costs about $60,000.
But what’s most amazing about it is that Parker Brothers Choppers didn’t even exist a year ago.
Brothers Marc and Shannon used to build custom bikes as a hobby. Then they created a replica of the BatPod seen in the movie “The Dark Knight” which garnered a lot of attention and potential customers, so they set up shop.
They followed it up with a gasoline-powered version of the Lightcycle, that’s still available and featured in the Hammacher Schlemmer catalog, but wanted to build something even closer to the “real” thing, so they went electric.
Marc says that despite its odd shape, the Lightcycle is more maneuverable than a lot of the choppers he’s ridden, and definitely ready for the road.


Read more: http://www.foxnews.com/leisure/2011/10/08/tron-inspired-lightcycle-hits-road/?google_editors_picks=true#ixzz1aEbis59A

Saturday, October 1, 2011

First 2012 Chevrolet Camaro ZL1 goes for $250,000 at auction


By: Michelle Koueiter on 9/26/2011
The first 2012 Camaro ZL1 put up for sale brought $250,000 at the Barrett-Jackson auction in Las Vegas on Sept. 24.
Fairway Chevrolet-Buick-GMC put the new ZL1 up for auction, with proceeds going toward the Southern Nevada YMCA. The car was bought by Hendrick Motorsports owner Rick Hendrick, who expects delivery in the first quarter of next year. His will be the only Chevy Camaro ZL1 coupe of the 2012 model year with a "carbon flash metallic" exterior. Also, it is the 69th ZL1 from the Oshawa Assembly Plant, in honor of the limited 69 production copies of the 1969 ZL1.
"Like the original, the 2012 Camaro ZL1 introduces a performance benchmark for the street and the track," Chevy spokesman Russ Clark said. "Offering the 69th Camaro ZL1 at auction was a fitting tribute to the 1969 model."
The 1969 ZL1 was the most elite Camaro ever produced, according to General Motors. The all-aluminum big-block engine used was originally developed for Corvette race cars in the late 1960s. It was similar to the Chevrolet L-88 427 engine, except the ZL1's aluminum block reduced the overall weight by more than 100 pounds. The 1969 ZL1 was rated at 430 hp, but GM says it was known to produce more than 500 hp.
The 2012 Chevrolet Camaro ZL1 is equipped with a supercharged 6.2-liter V8 engine that delivers 580 hp and 556 lb-ft of torque.


Read more: http://www.autoweek.com/article/20110926/CARNEWS/110929908#ixzz1ZaE0Qf3R