_Economy and Finance

China Cultivates Taste for German Cars As Chinese Drivers Snap Up Germany's Luxury Exports, Berlin Frets That Its Economy Rides Too Much on One Customer By VANESSA FUHRMANS Germany's resurgent export economy is presenting the country's policy makers with a new worry—a growing reliance on China. Germany's economy expanded at an annualized 9% rate in the second quarter, its strongest pace in more than 25 years. ...

Classic Car Market on Bumpy Road - CNBC Owning a classic car is often a childhood dream and in May this year the highest price ever was reached at an auction for a classic car: 9 million euros ($12.2 million) for a 1957 Ferrari Testa Rossa. ...

Vintage Cars: Wheels of Fortune or Road To Ruin? - CNBC Looking for a way to justify blowing $100,000 on a red 1967 435-hp Corvette with special three-deuce holly? Say it's an investment. "With 20-20 hindsight, if I had known eighteen months ago that my 401(k) was going down the toilet, I would have taken that money and invested in vintage cars," says David Schultz, a board member at the Classic Car Club of America. ...