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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.

New (2014) BMW M3 and M4: OFFICIAL

The new BMW M3 (pictured) debuts along with its coupe sibling, the BMW M4 (below) We’ve had teases from BMW for the new M3 and M4 but now, ahead of a public debut at the Detroit Auto Show next month, we get the official details. Key to the four-door M3 and 2-door M4 is the new 3.0 litre engine, a new turbo, direct injection in-line six petrol which produces 425bhp and a very healthy 405lb/ft of torque from just 1850 rpm. That sort of grunt is enough to get the M3 and M4 to 62mph in 4.3 seconds with the standard six-speed manual, but opt for the seven-speed DCT ‘box and it’s even quicker – just 4.1 seconds.

Jaguar: Sales rose 8% in 2008

Jaguar Cars Ltd., which stopped reporting sales figures after being purchased by India's Tata Motors in June, said global sales rose 8 percent last year while U.S. volume fell. Jaguar sold 65,000 vehicles in 2008, Managing Director Mike O'Driscoll said in an interview at the Detroit auto show.