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McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).

Musk begins delivering on Supercharger network

Tesla has delivered 21 high-speed Supercharger stations in the United States, as it promised this past spring. Actually, the company promised 18. In any case, it was a close call -- Tesla only had nine stations finished last week.

Chris Bangle's ‘Illustrate the Future’ competition winner announced

Renowned designer Chris Bangle announced the winner of the ‘Illustrate the Future' design competition as Luis Fernando Peña Delgado at the end of the Interior Motives China conference yesterday. 22-year-old Delgado, a student of design at the Universidad Nacional de Colombia, Bogota, Colombia, was chosen by the judges under the direction of Bangle on the basis that his entry best followed the criteria of closeness to the original text, the quality of the illustrations and the creative content. The global competition's brief asked for students from any design discipline to examine excerpts from the eBook "Peter Teuful, A Tale of car design in Three parts" – written by Bangle himself – and translate them into a series of images.