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Ferrari 250 GTO sets new world record with £32 million sale

The Ferrari 250 GTO was already the most expensive car in the world ever sold: now, it has cemented its position as reports emerge of an example selling for a staggering £32 million ($50.3m). That’s an increase of almost 50% on the selling price of the former record-setting 250 GTO, an example built for Sir Stirling Moss and sold in 2012. The latest deal is a private transaction and both the identity of the new owner and the location of the car are being kept secret.

Bugatti Veyron Grand Sport Vitesse 'Legends' series honors Ettore's son, Jean Bugatti

Gianroberto Carlo Rembrandt Ettore Bugatti was the other Ettore, the eldest of Bugatti's four sons; when he wasn't spreading the full magnificence of his five names, they called him Jean. He was arguably the most talented of Ettore's sons -- as it turns out, none of Ettore's other children invented the Type 57SC Atlantic nor designed as much as he did of the astonishing Royale. He took over Bugatti in 1936, at the tender age of 27 -- and three years later he would be dead, having crashed a Type 57 race car during testing.

Volkswagen e-Golf stars at the 2013 Frankfurt Motor Show

Volkswagen is joining the revolution here at Frankfurt 2013 with its new all-electric e-Golf. And far from being an impractical method of transport to appease eco hippies and excite forward-thinking car geeks, it’s actually perfectly practical. Electric cars are rapidly becoming an unstoppable silent force, so it’s time to embrace them.