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Ford GT Sells For a Record $11 million at RM's Monterey Auction

RM Auctions sold a 1968 Ford GT40 Gulf/Mirage coupe Friday night at its Monterey sale for $11 million, setting a record for the highest price paid for an American car at auction. The Friday sales showed once again a very strong market for cars selling at auction, according to statistics gathered by classic car insurance giant Hagerty. In comparing this year's sales to last year, the total number of cars sold in two days of auctions was down slightly while the total amount generated -- $67.5 million – is far greater, as is the average selling price.

Lamborghini Gallardo Squadra Corse (2013) at Frankfurt motor show

Wave goodbye to the Lamborghini Gallardo forever with this final special edition: the Gallardo LP570-4 Squadra Corse. Forget the previous Superleggera and Super Trofeo Stradale models: the Gallardo Squadra Corse is the most track-focused, hardcore Gallardo ever, and marks the end of a mammoth decade-long lifespan for Sant’Agata’s baby V10 supercar. Gallardo Squadra Corse – Italian for ‘big wing on the back?’ No, though granted the wing will catch your eye first.

BMW M750d & M650d on the way

BMW M650d & M750d on the way BMW are planning to offer the new tri-turbo diesel from the new M550d in the 6 Series and new 7 Series. Paris launch likely. The BMW M Division range of cars – the power of ‘M’ with the frugality of diesel – officially arrived at this year’s Geneva Motor Show, offering performance almost on a par with BMW’s M cars but with the joy of frugality when you aren’t in the mood to drive like your hair’s on fire.