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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.

Tokyo Auto Salon pits performance autos against hybrids

The world's other big January auto show, the 2010 Tokyo Auto Salon, opened its doors to tuner enthusiasts in mid-month with a record 402 exhibitors. The Auto Salon fuses numerous styles, but the overriding theme this year was hybrid cars, with customized Toyota Priuses and Honda Insights at every turn. Good old-fashioned engine tuning is alive and well in Japan, where even new sports cars are being heavily modified, with cars such as the KRL Mitsubishi Evolution X and the HKS Nissan GT-R both boasting in excess of 600 hp.

97% of UK Lexus sold in 2014 will be hybrids

Speaking during the European launch of the new Lexus GS300h – the new entry-level hybrid in the executive GS range – Lexus UK director, Richard Balshaw, revealed that 97% of all Lexus sold in the UK next year are likely to be hybrids. The GS300h’s deputy chief engineer, Yukihiro Kito, als confirmed to MSN Cars that the return of diesel-powered Lexus vehicles is unlikely to happen any time soon – if at all. On Bing: see pictures of Lexus hybrids Find out how much a used Lexus costs on Auto Trader According to Kito-san, diesel just does not make sense for Lexus given the markets the company is chiefly competitive in, which is to say the USA and Asia.