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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.

Tesla Model S does battery swap in 90 seconds

Tesla can swap the batteries on a Model S in just 90 seconds The Tesla Model S was built from the start to offer battery swap as an alternative to a recharge. And now it’s become a reality. When Better Place revealed their plans – in conjunction with Renault – to offer Battery Swap technology we applauded it as a sensible way to make electric cars a more sensible mainstream option.

Study links low-speed collision-avoidance system to fewer accidents

A study of the Volvo XC60's low accident rate offers evidence that collision avoidance systems can improve vehicle safety. The XC60, which has a low-speed collision avoidance system dubbed City Safety, was involved in 27 percent fewer property damage accidents than other mid-sized luxury SUVs, according to a report released Tuesday by the Highway Loss Data Institute. The XC60 also was involved in 51 percent fewer bodily injury accidents.