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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).

Audi RS5 engine confirmed, plus RS5 cabrio

By Tim Pollard (artist's impression by Radovan Varicak) Motor Industry 13 May 2009 13:44 Audi will fit a refettled naturally aspirated 4.2-litre V8 to its secret new RS5, CAR can confirm. We had previously reported the RS5 would use a twin-turbo iteration of this engine, but a senior source has told us it will not feature forced induction. We’re told it’s the same high-revving engine that powered the outgoing RS4, albeit spruced up with the latest Ingolstadt know-how.

VW Amarok gets an update & BlueMotion Technology

Volkswagen has updated the ‘Bob the Builder’ VW Amarok for 2013 with new options, more power and BlueMotion Technology. The market for the pick-up that also doubles as a family car for the weekends is strong, and Volkswagen’s offering – the VW Amarok – is one of the best-built on the market. And now it’s not only well-built, but more powerful and more frugal too.