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Secrets of bidders: Is this your year to steal a car at the Arizona auctions?

Each January, enthusiasts flock to Arizona for the most exciting events on the auction calendar. Seven companies--Barrett-Jackson, RM Auctions, Gooding & Co., Russo and Steele, Kruse International, ICA Auctions and Silver Auctions--will duke it out, with more than 3,000 collector cars on the block. But with real estate tanking, the economy in a tailspin, consumer confidence at an all-time low, retail car sales bottoming and automakers begging for loans in Washing-ton, is this any time to buy an old car at auction?

General Motors to kill Daewoo name in South Korea, switch to Chevrolet

General Motors Co., trying to position Chevrolet as a key global brand, is killing the long-used GM Daewoo name in South Korea and putting the Chevy bowtie on its cars there. The name GM Daewoo Auto & Technology Co., in use since GM took over the struggling South Korean automaker in 2002, will be phased out by the end of March. The new name will be GM Korea Co., the company said in a statement.

2014 MINI leaks ahead of reveal

2014 MINI leaks ahead of reveal MINI has been busy teasing the new MINI for a while, with an official reveal planned for later today to coincide with the 107th birthday of the Mini’s creator – Sir Alec Issigonis. But the best laid plans of MINI have garnered a bit of a wrinkle with the first official photos (above) of the new MINI leaking out online ahead of the official reveal. They don’t really tell us much we don’t already know – especially with the MINI Vision Concept previewing the new MINI – but do confirm the new MINI still looks as we would expect, just bigger and better equipped and based on a new BMW platform.