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Rodeo Drive Concours d'Elegance celebrates Italian motoring - Autoweek

The concours on Rodeo started in 1993 with a three-block-long celebration of beautiful cars highlighted by the world debut of the Ferrari 348 Spyder. Piero Ferrari was there, along with Luca di Montezemolo and Sergio Pininfarina. Since then, the annual Father's Day event has featured some of the world's most beautiful cars on the world's most famous shopping street.

Ferrari 250 GTO sets new world record with £32 million sale

The Ferrari 250 GTO was already the most expensive car in the world ever sold: now, it has cemented its position as reports emerge of an example selling for a staggering £32 million ($50.3m). That’s an increase of almost 50% on the selling price of the former record-setting 250 GTO, an example built for Sir Stirling Moss and sold in 2012. The latest deal is a private transaction and both the identity of the new owner and the location of the car are being kept secret.

BMW launches i sub-brand

BMW yesterday revealed one of the more significant mobility plans since the inception of the automobile: the BMW i sub-brand. The new brand seeks to integrate sustainable elements with a slew of powerful technology whilst simultaneously improving mobility across both private and public platforms. The first vehicles will be launched in 2013.