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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.

Brazil plant for Jaguar Land Rover

JAGUAR LAND ROVER (JLR) is to become the first UK car-maker to open a manufacturing facility in Brazil. JLR is investing £240 million in the initiative, which will see the development of a plant that will produce up to 24,000 vehicles a year. The factory, based in the city of Itatiaia, will initially employ 400 people, with the first vehicles due to come off the assembly line in 2016.

Spyker slaps GM with $3 billion lawsuit

Spyker, the Dutch supercar firm and owner of Saab, hit General Motors with a $3 billion lawsuit Monday, claiming GM forced Saab into bankruptcy and interfered with a potential deal with Chinese investors that could have saved the company. Spyker is suing on behalf of Saab, assuming legal costs in exchange for a significant proportion of any potential award. Saab went into bankruptcy in December 2011.