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'Need for Speed' Mustang to be auctioned at Barrett-Jackson

With the release date of “Need for Speed” looming on March 14, Ford said on Friday that the film's star, a customized 2014 Mustang GT, will roll across the auction block April 12 at Barrett-Jackson in West Palm Beach, Fla. The silver screen celebrity is not your average GT. It was massaged by the folks at Ford and given a bag full of goodies.

This day in Autoweek history: The 1976 Chevrolet Chevette

Today in Autoweek history, we look back to the week of September 20, 1975, when Corey Farley gave us a look at the new 1976 Chevrolet Chevette. The B-segment (for 1976, anyway) newcomer weighed in at a scant 1,998 pounds and carried an equally lightweight MSRP of $2,899. Farley described how the Chevette handled some of the rigors of testing, which included hauling four journalists and their camera equipment around the Black Lake testing facility in Milford, Mich.

Ferrari 250 GTO #3851 GT disappoints at $38 million

The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).