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The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

Jaguar Land Rover reveals huge profits growth

Jaguar Land Rover has reported half-year profits have broken the £1 billion barrier, with profit before tax of £1.083 billion marking a massive 42% year-on-year increase. Profits in the last three months alone were £668 million, said the firm. MORE new British jobs for Jaguar Land Rover Range Rover: why it is already battling Bentley The strong results are thanks to continued sales growth for the two British luxury car brands: sales over the past three months increases 21% to 102,644 cars – beating even the half-year sales rise of 16% to just over 197,000 vehicles.

Volvo von Koenigsegg – the Vox Volvo P1800

The Vox Volvo P1800 - a modern reworking of the original with a 550bhp V8 Vöcks latest creation – The Vox Volvo P1800 -is based on the iconic Volvo P1800, which those of a certain age will remember was driven by Roger Moore’s Saint back in the ’60s. In its day the P1800 was something of a revelation – a sporty, appealing Volvo (come to think of it, it’s still a bit of a revelation!). Vöcks has remained faithful to the original P1800, at least in style.