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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.

Skoda Octavia vRS breaks 200 mph at Bonneville

Skoda Octavia vRS breaks 200mph at the Bonneville Salt Flats You can tell just how far Skoda has come from its days as makers of mobile skips when they can justify going out to play at the Bonneville Salt Flats with a Skoda Octavia vRS, just for the glow the outing will cast on its range. But they haven’t just gone to play, they’ve also achieved the quite remarkable feat of taking a modestly modified Octavia vRS to 202.15mph, which is going to do no harm whatsoever in drawing attention to the very appealing vRS cars in the Skoda range. To drag an extra 50mph plus out of Octavia vRS did necessitate a tweak or three, but nothing overly dramatic.

Top student technicians compete for $12 million in scholarships

Jimbo Paranada and Marc Paguirigan wore their leis made of lucky Hawaiian ti leaves, but it wasn't quite enough to give the Maui High School students the win in the 62nd-annual Ford/AAA Student Auto Skills national competition on June 14 at Ford World Headquarters in Dearborn, Mich. The Hawaiian duo finished second to the two-person team of Matthew Saunders and Drew Torrey from Vale High School in Vale, Ore. The Oregon pair won the title of "America's Best Student Auto Technicians," outscoring at field of state champions from all 50 states.