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McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).

Lambo man flies in to revamp Bentley design

Bentley is embarking on a new design era, steered by the man behind Lamborghini's stunning 21st century portfolio. Luc Donckerwolke, the Belgian who has held official positions at Audi, Bentley, Skoda, VW and Lamborghini, and worked in the background shaping the rest of VW Group's brands, is now getting down to business at Crewe. 'They told me: "You have to go to Bentley, move the brand forward and create a new design studio",' Donckerwolke told CAR in his first conversation since starting there five months ago.

Peugeot 2008 crossover (2013) first pictures of new Juke rival

Should Nissan's Juke, Vauxhall's new Mokka and the upcoming Ford Ecosport be worried about a French revolution? This is the new Peugeot 2008, the latest so-called 'compact crossover' to take supermini genes and add an extra helping of ride height and ruggedness. First previewed as a lurid green concept at the 2012 Paris motor show, the production 2008 tones down the show car's angular lights and massive wheels, but sticks true to the idea of a taller, roomier 208 supermini.