Balkamp Bk Hsd258 - Drill Bit, General Purpose on 2040-parts.com

Better Place EV Battery Swap business goes bust

It seemed like a good idea: take the cost of batteries out of the cost of buying an electric car and instead charge EV owners to use ‘Battery Swap’ stations where depleted batteries could be swapped for fully charged ones in the time it takes to fill an ICE car with petrol. But it’s all gone a bit Pete Tong. Better Place – which partnered with Renault in 2009 to make the battery swap technology viable – has failed to find anyone to add to the $750 million already involved in the project and has filed for bankruptcy.

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.

Aston Martin V12 Zagato

The new Aston Martin V12 Zagato has been unveiled ahead of its official debut at the Concorso d'Eleganza this weekend. This latest concept marks the revival Aston Martin's long-standing collaboration with the famed coachbuilder in the 50th anniversary year of the iconic DB4GT. Based on the V12 Vantage, the Zagato model features the coachbuilder's defining 'double bubble' roof and a new handcrafted aluminum body, which was formed using an English wheel and traditionally crafted body bucks.