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Ferrari sold for record £22 million

A RARE FERRARI has been sold at auction for a record price of £22.84 million. One of just 39 models made and regarded as one of the greatest Ferraris, the 1962 Ferrari 250 GTO Berlinetta went under the hammer at Bonhams' auction in Carmel, California. A huge crowd watching the bidding broke into applause at the confirmation of the final price, which outdid the previous record for a car sold at auction.

Frankfurt 2011: Hyundai i30 (2012) engine details revealed

Hyundai i30 (2012) engine details revealed We’ve had plenty of news on the 2012 Hyundai i30 in the last few weeks, but until now we’ve had no confirmation of what’s going to be on offer under the bonnet. But Hyundai has put that right now the new i30 has made its official debut at Frankfurt. We also now know that – just like almost every new model launch – the 2012 i30 has grown.

Fiat and Chrysler get in to bed together

Before Christmas the CEO of Fiat was reported as saying that he believed that the current malaise in the car market (and any other market, for that matter) would result in the rationalisation of the industry, and see just a handful of big players come out the other side. His words now seem prescient, as it has been announced today that Fiat and Chrysler have effectively entered in to a partnership. Fiat takes a 35% stake in Chrysler The partnership, with Fiat taking 35% of Chrysler, means a number of benefits for both companies.