Vintage Aqua Meter "mariner" Marine Compass W/box on 2040-parts.com

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.

Jaguar Land Rover leads UK universities to develop virtual simulation tech

Jaguar Land Rover is to lead four UK universities in a £10m ($15.5m) government scheme to develop virtual simulation technologies and processes to help improve and accelerate the car design process. The carmaker will be leading project teams from the universities of Cambridge, Loughborough, Leeds and Warwick in the Program for Simulation Innovation (PSI), developed to improve the potential of the UK virtual simulation industry. It is hoped that through its results design quality and capability can be improved through the simulation of sights, sounds and smells.

Rare foreign cars head to Carlisle this weekend

Every spring, Carlisle, Pa., (otherwise known as the Woodstock of the classic-car hobby, a title it now fully shares with Hershey) hosts a weekend event just for foreign cars. Last year, over 1,000 cars gathered in central Pennsylvania, with rare foreign machinery making its way from all over the lower 50 and parts of Canada. The longest-traveled cars we spotted last year wore British Columbia plates, which should give you a clue as to the event's following, though we're still unsure which cars we spent the longest time gawking at.