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Tesla Model S goes up in price

The electric Tesla Model S – which won’t arrive in the UK until at least late in 2013 – is going up in price in the US and gets a spec change. The Tesla Model S is perhaps, just perhaps, the only really credible electric car so far; a luxury ‘Sports’ saloon car that offers range almost comparable to an ICE car and, it seems, prices that aren’t an awful lot different. That makes it a far more appealing prospect as a replacement for an ICE car than anything we’ve previously seen.

One lap of the Web: $52 million Ferrari 250 GTO, Alfa Romeo Montreal for sale and more bizarro engines

-- Even as the hammer fell on Juan Manuel Fangio's $30 million Mercedes-Benz W196R, we knew that that car wasn't the most expensive one ever sold -- it was merely the most expensive car sold at auction. Other cars were reported to have traded for a bit more in private sales. But now we have word of a car that absolutely blows the sale price of Fangio's little Silver Arrow out of the water: a 1963 Ferrari 250 GTO that sold to an undisclosed buyer for $52 million.

Crunch watch June 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Peter Adams Motor Industry 30 June 2009 11:35 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour  Tuesday 30 June 2009• Porsche says it is no longer applying to the German Kreditanstalt für Wiederaufbau central bank for a €1.75 billion bridging loan. This means it'll now have to seek finance elsewhere (Porsche) • Seat announces its best-ever month for used car sales; it sold 915 second-hand cars in May (Seat)Monday 29 June 2009• Jaguar Land Rover has opened its first showroom in India.