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1957 Ferrari Testa Rossa could break auction record at Pebble Beach

Auction house Gooding & Co. will offer up two legendary sports-racing cars--a 1957 Ferrari 250 Testa Rossa Prototype and a 1963 Shelby Cobra 289 Factory Team Car, one of which might set a record price for a car sold at auction--at Gooding's sale Aug. 20-21 during the Pebble Beach Concours d'Elegance.

Pagani releases Huayra documentary [w/video]

Italian manufacturer Pagani has put together a 14-minute documentary tracking the development of its new Huayra supercar. The short film heads to the companies that help to make the carbon and titanium-bodied Huayra, such as Italian company ASPA that creates the car's logo for an entire day out of a solid block of aluminum. The finer points of the design and development of the 230 mph car are also explored, as well as detailing how Leonardo Da Vinci inspired Horacio Pagani's original design.

Rolls Royce redesigns sought in new competition

Hip Shing Hong Group, Stefano Tordiglione Design and online design platform It's Liquid have launched a competition to redesign a Rolls Royce for a factory-turned-office project in Hong Kong. The contest, focused around the themes ‘Innovation', ‘Energy' and ‘Creativity', is giving the winners the chance to see their design displayed in the lobby of the new building. They will also receive a cash prize of HKD 20,000/EUR 2,000, while the second- and third-placed designers will earn themselves HKD 10,000/EUR 1,000 and HKD 5,000/EUR 500 respectively.