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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.

Three new Maseratis coming in quick succession - Marchionne

Maserati is preparing a trio of new products for launch in quick succession, Fiat chief exec Sergio Marchionne has confirmed. In an interview after addressing the CBI business conference in London yesterday, he said a successor to the Quattroporte, a smaller Maserati and the Kubang would reinvigorate the Maser range. 'Maserati will increase its volumes by having three cars,' said Marchionne, confirming a replacement for the Quattroporte, the SUV and 'a much smaller four-door.

Increase in crashes linked to mobile phone use

As many of us admit to taking selfies at the wheel, researchers have noticed a rise in the number of rear-end shunts on UK roads – despite many manufacturers now offering cars with collision avoidance systems that can brake automatically. According to new research by Accident Exchange, crashes involving one car hitting the back of another have increased by 7% in the last three years. Rated: self-braking cars that avoid a crash Nearly 1 in 10 admit to taking selfies at the wheel With each rear-end smash costing insurers £2,000 on average, premiums could rocket until driverless cars hit our streets.