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McLaren MP4-12C to start at about $230,000

The McLaren MP4-12C sports car will have a sticker price of between $230,000 and $250,000 when it goes on sale in the United States about a year from now. McLaren said on Wednesday that the sports car will be priced at 168,500 pounds (about $265,800) in the United Kingdom and at 200,000 euros (about $267,200) in Europe when it goes on sale in that region in early 2011. A final price for the U.S.

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.

VW's new modular platform could spark a revolution

MQB. Remember those letters. You might be hearing them a lot in the coming years if Ulrich Hackenberg's platform experiment works.