The 1994 racer in which Michael Schumacher won the first of his seven Formula 1 titles sold for 617,500 pounds ($1.01 million) at a classic-car auction that included the highest price ever paid for a commercial vehicle at a public sale.
Fisker Automotive Inc., whose $103,000 plug-in hybrid car was driven by celebrities including Justin Bieber, filed for bankruptcy with plans to be acquired by a group said to include Richard Li, son of Hong Kong’s richest man.
Aston Martin, the maker of sports cars favored by Prince Charles and driven by James Bond, is dropping the Cygnet city car following lackluster sales to refocus on models more geared to their traditional customers.
Aston Martin is aiming to double sales by 2016 with new models and an expansion of its dealer network outside Europe. The British maker of sports cars featured in James Bond movies may then invest in a sport-utility vehicle to broaden its appeal to wealthy drivers.