Ferrari sold for record £22 million

A RARE FERRARI has been sold at auction for a record price of £22.84 million. One of just 39 models made and regarded as one of the greatest Ferraris, the 1962 Ferrari 250 GTO Berlinetta went under the hammer at Bonhams' auction in Carmel, California. A huge crowd watching the bidding broke into applause at the confirmation of the final price, which outdid the previous record for a car sold at auction.

Jaguar C-X17 crossover revealed at Frankfurt Motor Show 2013 - it's Jag's first 4x4 SUV

Jaguar has revealed the C-X17 SUV concept on the eve of the 2013 Frankfurt Motor Show. It is the first ever 4x4 SUV from the British premium maker and, it says, has officially been created to showcase the flexibility of its new all-aluminium platform. Unofficially, this is a toe in the water from Jaguar, to test reaction to the idea of its first SUV.

Alfa Romeo will reportedly become standalone company

Fiat Chrysler Automobiles CEO Sergio Marchionne plans to turn Alfa Romeo into a standalone company, Automotive News Europe reports. Marchionne is expected to announce wide-ranging plans for the brand on May 6 which will see Alfa Romeo become a stand-alone legal entity within Fiat-Chrysler, with a publicly disclosed profit and loss statement. Alfa Romeo is currently part of Fiat Group Automobiles S.p.A., which also contains Lancia, Fiat Professional trucks and vans and the Abarth performance brand.