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Ferrari sold for record £22 million

A RARE FERRARI has been sold at auction for a record price of £22.84 million. One of just 39 models made and regarded as one of the greatest Ferraris, the 1962 Ferrari 250 GTO Berlinetta went under the hammer at Bonhams' auction in Carmel, California. A huge crowd watching the bidding broke into applause at the confirmation of the final price, which outdid the previous record for a car sold at auction.

Tuner MTM debuts 722 hp Audi RS6 Avant

It seems a minor horsepower war has just erupted over in Germany, and the title at stake in this conflict is which tuning house can build the most powerful Audi RS6 Avant. Not that long ago ABT Sportsline unveiled a 700 hp Audi RS6 Avant, an absolutely rabid grocery-getter that can make the sprint to 60 in just 3.4 seconds. ABT's RS6 Avant packs 25 percent more power than the stock version of the RS6 Avant, which made an already hair-raising 560 hp.

Fiat Chrysler Automobiles reveals new name, logo

Earlier this month, Fiat purchased the remaining 41% of Chrysler, the American car company it has held a majority stake in since 2009. During this time, the two logos have appeared side-by-side on relevant forms of communication. But today the Group has unveiled a new corporate identity, which it says reflects “strong core values that represents a unique corporate culture, a common vision and a Group with an international reach”.