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Ferrari M458-T (2015) - more details of 458 Italia’s turbo facelift

By Georg Kacher Motor Industry 06 August 2014 09:46 Twenty-six years after the F40, the California T marks Ferrari’s late comeback to the turbo fraternity. Predictably enough, the next turbocharged model - the facelifted 2015 Ferrari 458 Italia - is just round the corner. At the 2015 Geneva motor show, the Italian sports car maker is expected to launch the M458-T, otherwise known as the revised Ferrari 458 Italia.

Still saving for a McLaren F1? You’ll need to try harder as they’ve hit £6.2 million

This McLaren F1 sold for $10 million The price of the McLaren F1 keeps on rising, and just last year F1 chassis #66 was sold by Gooding and Co in the US for a then record-breaking £5.42 million. But that record seems to have been broken. Ferrari specialists DK Engineering in Hertfordshire have just spent six months tracking down an F1 for a British buyer, culminating in chassis #28 being sold for a reported £6.2 million ($10 million).

Ford reaches agreement to sell Volvo to Geely for $1.8 billion

Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced on Sunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.