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Ford GT Sells For a Record $11 million at RM's Monterey Auction

RM Auctions sold a 1968 Ford GT40 Gulf/Mirage coupe Friday night at its Monterey sale for $11 million, setting a record for the highest price paid for an American car at auction. The Friday sales showed once again a very strong market for cars selling at auction, according to statistics gathered by classic car insurance giant Hagerty. In comparing this year's sales to last year, the total number of cars sold in two days of auctions was down slightly while the total amount generated -- $67.5 million – is far greater, as is the average selling price.

MG3: Shanghai Motor Show

The MG3 SuperMini for Europe is a titivated version of the MG3 the Chinese market gets, complete with a decent dose of flair and additional equipment and cosmetic enhancements to make it more appealing to Western tastes. That means hockey stick shaped LED running lights across the range, black A-pillars, mesh grill (well, mesh slit at the front), dual colour side skirts, dual colour alloys and a rear valance MG say was inspired by generations of MG sports cars. Although only 4 metres long, MG say the MG3 offer space inside that matches or beats all competition (room for  four six-footers they reckon) and gets a ‘rolled and raised’ dash that accentuates the space on offer and sculpted backs to the front seats to help space in the rear.

New Chevrolet Camaro to pace Indy 500

The Chevrolet Corvette's five-year reign as the pace car for the Indianapolis 500 has come to an end. The Indianapolis Motor Speedway said on Thursday that the pace car for this year's race will be the reborn Chevrolet Camaro. The pace Camaro is painted silver with red graphics.