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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.

Nissan expands Beijing studio

With the expansion of the Chinese market, the country's position in the automotive industry is increasingly important. Homegrown design elements look set to enhance brand competitiveness, while the on-the-ground knowledge garnered by Chinese studios is becoming invaluable feeding back into global companies. It's clear therefore that Nissan Design China (NDC) will play an increasingly important role in Nissan's global design network.

Peugeot RCZ R (2013) first official pictures

Forget the 208 GTi: the Peugeot RCZ R is the Peugeot’s new performance flagship. The range-topping RCZ boasts a record-breaking 270bhp, and will hit 62mph in under 6sec. Peugeot expect UK models to cost over £30,000 when the RCZ R goes on sale here in the first quarter of 2014.