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Ferrari 250 Testa Rossa set for Monterey auction

A 1958 Ferrari 250 “Pontoon Fender” Testa Rossa will be featured in August at RM Auctions' 25th Sports & Classics of Monterey event. The Scaglietti-designed race car, serial number 0738 TR, is expected be one of the most valuable cars ever offered during Monterey's auction week. “RM set the current world-record price for a car sold at auction with another pontoon-fender TR selling for $12.4 million,” said Rob Myers, chairman and CEO of RM Auctions.

UPDATED: Aston Martin sold

By Phil McNamara Motor Industry 12 March 2007 09:38 Aston Martin is today under new owners, following the sale of Britain’s premier sports car company to an investment consortium. After 20 years of ownership, Ford divested itself of the brand, its facilities and its products, in a deal valuing Aston at £479m.   The new owner is a consortium led by David Richards, boss of automotive consultancy Prodrive, who helped to unite two private investment companies from Kuwait. Adeem Investment, which already owns the Grosvenor House Hotel in London, has a portfolio worth $1.5 bn.

Audi RS7 to lap Hockenheim – DRIVERLESS

Audi are taking an RS7 round Hockenheim completely autonomously Every car maker – from Mercedes to Volvo and Ford – is working hard to make autonomous driving a reality, and it looks like we’re just a few years away from seeing cars being driven by computers, with the driver relegated to passenger in many daily driving tasks. Now it’s Audi’s turn to demonstrate the progress they’re making with autonomous technology by taking an RS7 round the Grand Prix track at Hockenheim without a driver having control. It’s arguable that taking a driverless car round a track – even at race speed – is far less of a technological task than having a car running driverless through a cityscape with all its variables, but it’s an impressive demonstration nonetheless.