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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.

Explosion at GM Tech Center; lithium battery is the suspected cause

According to WWJ CBS Detroit, there was an explosion at the General Motors Tech Center in Warren, Mich., on Wednesday morning. Deputy Fire Chief Gary Wilkinson said the explosion most likely was related to a lithium battery. Wilkinson told Autoweek that a responder notified the HAZMAT team via radio that the explosion involved lithium batteries in the research facility's Alternative Energy Center.

Public 'right behind' 20mph urban speed limits

NEARLY 80% of people think 20mph speed limits should be the norm around schools, in residential streets and in village, town and city centres, according to a survey. More than four in five people think traffic travels too fast on local roads, the poll by road safety charity Brake and Allianz Insurance found. Of the 1,000 people surveyed, 78% backed the 20mph campaign run by Brake, with 72% saying roads in their town or village need to be made safer for walking.