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Ferrari 250 GTO sells for $35 million

A Ferrari 250 GTO – once owned by Sir Stirling Moss – is reported to have sold for a record-breaking $35 million. The Ferrari 250 GTO is probably the most coveted car on the planet and is, therefore, one of the most expensive. Simple supply and demand dictates that when a product is reckoned to be the best there is and the supply is limited prices will rise.

2010 Jaguar XJ Neiman Marcus special edition sells out all 50 copies

It took all of four hours and four minutes for a special Neiman Marcus edition of the redesigned 2010 Jaguar XJ to sell out through the retail giant's Christmas book on Friday. Just 50 copies of the big cat, called the XJL Supercharged Neiman Marcus edition, will be produced. And they're all spoken for after brisk sales reservations last week.

Volkswagen Jetta Alltrack crossover possible

Volkswagen is not finished with plans to extend the Jetta portfolio. The suits inside the Wolfsburg, Germany, headquarters are mulling a plan for a crossover version of the future Jetta SportWagen along the lines of the recently introduced Alltrack concept. “We think there is definite sales potential in North America and other world markets for a new lifestyle-targeted Jetta model,” a senior Volkswagen source divulged.