Studebaker Pulley, 197603, 1939 To 1941 Champion. Item: 2963 on 2040-parts.com

Classic car prices on the up: Jaguar D-type sells for £3 million

Classic car prices seem to be ever-rising, with historic models becoming an investment to rival buying property or gambling on the stock market. The inaugural RM Auctions Paris sale this week was a case in point, and resulted in nearly £15 million’s worth of the world’s rarest and most exotic cars going under the hammer. Four cars alone went for in excess of £1 million, and a Jaguar D-type sold for three times that amount.

Interior Motives Design Awards 2011

After months of waiting, the Interior Motives Student Designer of the Year 2011 has finally been announced. At a glamorous awards ceremony at Frankfurt's Cocoon Club earlier this evening, the world's top designers and automotive journalists gathered together to watch Felix Godard from Strate Collège in France sweep to victory at the Interior Motives Awards, securing himself a total prize of $5,500 and one the most prestigious accolades in the world of automotive design. Launched earlier this year and themed ‘Back to Basics – Making Cars for People, Not Markets', this year's contest attracted entries from an incredibly diverse range of schools and nations, including Israel, the Czech Republic, Australia, Taiwan, Canada and China.

Bentley Biofuel Supercar to debut at Geneva

We knew Bentley was playing with biofuel for its cars (and the Queen’s Bentley to boot!) and the first ‘Teaser’ news comes that the first car to use this technology for Bentley will be making an appearance at the Geneva Motor Show in March. As this is all tease and no detail, Bentley are not giving us any technical specs yet. All they will say is that this will be the most powerful Bentley in production.