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Ferrari 250 GTO sets new world record with £32 million sale

The Ferrari 250 GTO was already the most expensive car in the world ever sold: now, it has cemented its position as reports emerge of an example selling for a staggering £32 million ($50.3m). That’s an increase of almost 50% on the selling price of the former record-setting 250 GTO, an example built for Sir Stirling Moss and sold in 2012. The latest deal is a private transaction and both the identity of the new owner and the location of the car are being kept secret.

Watch this 'Fast and Furious' remote control tribute

The convergence of great remote-controlled cars and super cheap video cameras has brought us more RC spoof videos than we know what to do with. But this one stands head and shoulders above the rest. Vax Studios put this “Fast and Furious” homage together and dedicated it to the late Paul Walker.

Mercury fading: A look back at some of the brand's milestone cars

Rarely do we at AutoWeek like to see a nameplate get deep-sixed. When one does, we enthusiasts get a little nostalgic. Whether it's remembering the one our grandma had or the piece of junk we bought after high school, no brand lives for more than 70 years without a few high points.