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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.

Volkswagen e-Golf stars at the 2013 Frankfurt Motor Show

Volkswagen is joining the revolution here at Frankfurt 2013 with its new all-electric e-Golf. And far from being an impractical method of transport to appease eco hippies and excite forward-thinking car geeks, it’s actually perfectly practical. Electric cars are rapidly becoming an unstoppable silent force, so it’s time to embrace them.

Fiesta becomes UK's all-time best seller

THE FORD FIESTA has become Britain's all-time top selling car. Ford said Fiesta sales had now topped 4,115,000, taking the model past the previous record holder, the Ford Escort . First launched in 1976, and initially made at Dagenham in Essex, the Fiesta has led the small-car sector in the UK for 27 of the 37 years and has been Britain's annual best-selling car since 2009 when it overtook the Ford Focus.