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McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).

Toyota Fuel Cell Sedan (2015) revealed: the £40k hydrogen car is here

By Tim Pollard First Official Pictures 25 June 2014 13:14 Toyota has revealed the final design for its new Fuel Cell Sedan. It's a 'Ronseal', does-what-it-says-on-the-tin choice of name for the car: it is, indeed, Toyota's hydrogen fuel-cell-powered saloon - and this one is coming to a showroom near you sooner than you think. The H2 car may blend concept car cues with Japanese global design blandness, but the Fuel Cell Sedan is significant as much for the numbers involved as the futuristic look.

Nissan reveals Leaf Autonomous Drive prototype

What a difference a year makes. Last year Nissan exhibited a self-parking car at CEATEC, Japan's largest show for IT and electronics. Back then a Nissan NSC-2015 concept car, a Nissan Leaf with what seemed like a couple hundred pounds worth of computers in the trunk, was able to find a parking spot for itself under controlled conditions and park itself.