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Fangio’s 1954 Mercedes W196R F1 car sells for £19.6 million (video)

Fangio’s 1954 Mercedes W196R F1 (pictured) sells for £19 million The Goodwood Festival of Speed is all about cars and performance, but it’s not just cars on the ground and on the hillclimb. Goodwood is a Mecca for wealthy petrolheads as well as those who can only lust after the finest motoring metal – classic and current – so it’s a sensible place to run an auction for high-end cars. And you can’t get much more ‘high-emd- – at least in terms of value – than Juan Manuel Fangio’s 1954 Mercedes W196R Formula One car which went under the hammer yesterday at Bonham’s Goodwood auction, and reached a world record auction price of £19,601,500 (including premium – £17.5m before).

Opel hires 2011 CDN-Opel/Vauxhall Interactive Design Competition winner

Opel has taken on the winner of last year's Car Design News – Opel/Vauxhall Interactive Design Competition, Victor Uribe, to work as the latest addition to its creative design team. Uribe, a Transportation Design graduate from Istituto Europeo Di Design in Turin, Italy, emerged as the winner in the exterior design category for his submission, ‘Lounge in Motion', and won himself a six-month internship at the Opel/Vauxhall's European Design Studio in Rüsselsheim, Germany. "I met fantastic people who taught me a lot and helped me to refine my design skills.

Ford Everest concept

Ford has unveiled its new Everest SUV concept at a Go Further event in Sydney, Australia. It's set to challenge other cars such as Holden's Colorado 7 and the Mitsubishi Challenger. Created by Ford's Australian design and production development team, the concept – a seven-seat version of the Ranger ute (pickup) – previews an SUV that's likely to be on sale within the next two years.