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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.

Ford shuffles European production

Ford Motor Co. said Tuesday it is realigning its European production in a move that will add two models at the carmaker's Valencia, Spain, factory and an electric version of the Focus at the Saarlouis, Germany, plant. Ford also said the B-Max small wagon will be built in its Craiova, Romania, factory and the plant will add a second, as-yet-unnamed small-segment model.

Renault Megane Sport Tourer Extreme launched

Renault has introduced a new entry-level Megane Estate - the Renault Megane Sport Tourer Extreme It sounds as if a Renault Megane Sport Tourer Extreme should be a rival for a Renaultsport, but it’s not. It’s the new entry-level package on the Megane Sport Tourer. But there’s nothing wrong with that, even if the ‘Extreme’ designation is a bit of an oxymoron (unless you think of it in terms of at the bottom extreme of the range).