Iranian President Mahmoud Ahmadinejad’s 1977 Peugeot 504 has received a one million dollar bid after the car was put on an international auction Saturday

Proceeds from the sale of the Peugeot 504 will go to a fund for homes for disabled people and to needy.

Earlier, officials had said they hoped the car would fetch more than the $2,000 such cars usually sell for in Iran.

French automaker Peugeot had just revealed a second special edition for the 2010 model year based on their latest RCZ sports car.

Dubbed Asphalt, it follows the RCZ Limited Edition that was launched in September 2009. This version will too be produced in a limited number of units.

The Peugeot RCZ features various styling updates, including a dark gray / black matte exterior paint finish.

A Peugeot for the French President, a Mercedes for the German Chancellor and a Cadillac for the US President — a look at the powerful cars that transport the world’s most powerful people.

The Peugeot SR1’s dashboard clock was designed by Bell & Ross to be in perfect harmony with the spirit of this avant-garde Concept Car.

The timepiece designed by Bell & Ross offers an innovative integration concept and features a unique style and materials.

The watch and its band fit neatly into the dashboard to become a temporary on-board timepiece.

Just two short years after unveiling the sporty 308 RCZ Concept at the 2007 Frankfurt Motor Show, Peugeot has a production version, named the Peugeot RCZ, ready to debut at this year’s Frankfurt show in September.

All we can see for now are the teaser images of the compact 2+2 Coupé where its exceptional engineering design was revealed in partial.

According to Peugeot, the RCZ is the first car which does not use the usual zero or double zero numbering system.

The Metromorph concept is designed to face the evergrowing issues of metropolitan cities.

When the user is home the vehicle becomes a balcony thus addressing parking restraints and real estate value.