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Ferrari 250 GTO sells for $35 million

A Ferrari 250 GTO – once owned by Sir Stirling Moss – is reported to have sold for a record-breaking $35 million. The Ferrari 250 GTO is probably the most coveted car on the planet and is, therefore, one of the most expensive. Simple supply and demand dictates that when a product is reckoned to be the best there is and the supply is limited prices will rise.

RCA students redesign classic cars for Salon Privé

Eleven postgraduates from the Royal College of Art's Vehicle Design program have redesigned and modernized past Concours-winning cars for the ‘Concours of the Future' design exhibition at this year's Salon Privé in London. Concours of the Future, a first for the Salon Privé, will be showcased on 4 July before being judged the next day by a panel chaired by automotive designer and RCA visiting professor Peter Stevens. The judging panel is made up of Dale Harrow, head of the RCA Vehicle Design program and some of the biggest names in car design: Giles Taylor, director of design at Rolls-Royce; Peter Schreyer, chief design officer at Hyundai and Kia and Peter Horbury, vice president – design at Geely.

Is this the production version of the Porsche 918 Spyder? (video)

We have what appears to be official video of the Porsche 918 Spyder being previewed by a private audience in New York. The Porsche 918 Spyder is hardly a secret, but all the cars we’ve seen so far have been concept cars; prototypes evolving as the 918 Spyder moves from concept to production. But this video looks different.