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1957 Ferrari 250 TR (Testa Rossa) smashes world auction record

Ferrari 250 TR - Reached a world record price at today's Leggenda e Passione sale at Maranello We brought you news back in February that high-end Car Auctioneers R.M. Auctions were offering for sale an extremely rare 1957 Ferrari 250 Testa Rossa at the Ferrari Leggenda e Passione sale in Maranello today. Well, the sale went as planned, because the Ferrari 250 TR sold for a world auction record €9,020,000, beating the previous record by €1,980,000.

Volkswagen preps the Golf EV for 2013 launch

Volkswagen AG has begun delivery of a second test fleet of Golf blue-e-motion EVs to customers in Germany, the automaker said in a statement. Of the 80 cars being tested in the fleet, 53 will be delivered in Berlin, with the rest going to Hannover and Wolfsburg. The vehicles will be distributed to businesses, public bodies and private motorists, although the majority of cars in Berlin will be tested by corporate customers, as VW views this group as the largest market for EVs in the future.

Gert Hildebrand on his new challenge at Chinese startup, Qoros

Qoros Auto, a new start-up luxury automaker which launched in China late last year, is poised to take on the established German firms in the increasingly competitive luxury segment. The company was formerly known as Chery Quantum Auto Co. Ltd (“CQAC”) and is a 50/50 joint venture between Chery Automobile and Israel Corporation.