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Interior Motives launches 2011 Design Awards

Registration for the ninth Interior Motives Student Design Awards has now opened. This is your chance to take part in one of the most important events on the design calendar, and to display your talent and fresh thinking to the world's top vehicle designers and automotive press. The theme of this year's competition is 'Back to Basics - Making Cars for People, Not Markets' and has been devised in collaboration with Volkswagen and Peugeot.

Ferrari 250 GTO sells for $35 million

A Ferrari 250 GTO – once owned by Sir Stirling Moss – is reported to have sold for a record-breaking $35 million. The Ferrari 250 GTO is probably the most coveted car on the planet and is, therefore, one of the most expensive. Simple supply and demand dictates that when a product is reckoned to be the best there is and the supply is limited prices will rise.

The 500-hp club: The room is getting crowded

At a time when fuel economy counts for just about everything, there's still a horsepower war raging in the United States. The number of fire-breathing wedge-shaped supercars and hot sedans and coupes that can pump out 500 hp or better has nearly doubled in the past five years to more than 70. A decade ago there were just two members of the 500 hp club in the United States: the Ferrari 575M and Lamborghini Murcielago.