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1965 Shelby Daytona Cobra sells for $7.25 million at Monterey auction

The championship-winning 1965 Shelby Daytona Cobra Coupe CSX2601 sold for a record $7.25 million on Saturday at an auction in Monterey. The sale is believed to be a record for an American car at auction. Bob Bondurant drove it to victory in the 12 Heures du Reims--fittingly on the Fourth of July in 1965 to secure the FIA title.

Show Review: Salone del Mobile 2014

Milan Salone, the city's annual furniture extravaganza, sees exhibitors in their thousands take over the halls of the Fiera Milano exhibition center in the Rho district. Its sprawling physical size dwarfs any motor show, making even the maze of Frankfurt's Messe seem compact, while the list of exhibitors can be plain overwhelming. Trying to contain the creative force of nature that is the world's largest design fair in one venue simply isn't possible, either.

Audi prepares a topless R8 GT

With production of the high-performance R8 GT getting under way, Audi is preparing a convertible version of the car. The German automaker released sketches of the R8 GT Spyder on Monday. A full debut is likely at the Frankfurt motor show in September.