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Ferrari 250 GTO #3851 GT disappoints at $38 million

The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).

Keyless ignition trends toward standardization

A federal plan to require automakers to standardize keyless ignition systems in the wake of Toyota's unintended acceleration problems is likely to mirror industry guidelines issued in January, an automaker group said. Large automakers except Toyota said they already comply with the guidelines crafted by SAE International or plan to do so. These "recommended practices'' seek to counter the variation, driver confusion and safety problems that have ensued since automakers started installing push-button ignition in luxury models.

2014 Ford Transit Connect Wagon announced

Ford has introduced the 2014 Transit Connect Wagon, a vehicle the automaker is calling “so unique it is a revolution in seven-passenger transportation.” We won't know whether or not it is truly revolutionary until we can get behind the wheel, but at first glance, the new vehicle appears to be a very tall wagon or a small minivan, or a Transit Connect with larger windows. The Transit Connect Wagon is tied to Ford's current car lineup aesthetically via the characteristic Blue Oval hexagonal grille, but it's the van/wagon's utility that will likely become its biggest selling point. Ford claims the Transit Connect Wagon will be able to swallow a 1,200 lb.