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1957 Ferrari sells for record $12.1 million at auction

A 1957 Ferrari 250 Testa Rossa once again blew away the competition, setting a world record for cars sold at auction when it fetched an eye-popping $12.1 million on Sunday at an event on the grounds of the Ferrari factory in Maranello, Italy. The Testa Rossa was one of just 22 produced from 1957 to 1958, and the Scaglietti design is marked by prominent pontoon fenders. The cars also were successful racers, winning 10 of the 19 international races they entered from 1958 to 1961.

Why we love Maximum Bob: A column by Dutch Mandel

In announcing that he will leave General Motors at the end of this year, product czar Bob Lutz bows out gracefully and elegantly and does it in the style that forged his legend. It's also a move made none too soon and if not hastened by Beltway functionaries, then punctuated by it. But make no mistake: Bob Lutz is not running from the fight engulfing Detroit and the rest of the automaking world.

New Jaguar XJ Supersport Diesel coming?

The Jaguar XJ Supersport TDV8 - expect it in showrooms in 2011 We’ve known for quite a while that Jaguar Land Rover were going to start putting a new V8 diesel in to their cars. The 3.6 litre TDV8 which goes in the Land Rover is a very good lump (made by Ford at Dagenham) with some decent horses and a nice fat lump of torque. But the introduction by Jaguar of the 3.0 litre diesel and its subsequent introduction in to Land Rover’s cars meant the 3.6 litre’s days were numbered.