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Ferrari 250 GTO hitting Bonhams in August – but how much will it sell for?

Will the Violati Ferrari 250 GTO (pictured) break the $60 million barrier? The last Ferrari 250 GTO Series 1 to hit auction rooms in 2012, fetched a remarkable $35 million, and last year another 250 GTO – chassis #5111 – was sold in a private deal thought to be worth $52 million. And now another Series 1 250 GTO is about to hit the sale room.

Ford's NA Design Director aims to shorten product lifecycles

Peter Horbury, Ford Motor Company North America Design Director, has told Automotive News he intends to shorten product lifecycles at the ailing company from an average five years to three years starting this decade. "We feel there is no value in minor changes but a huge value in major changes," Horbury told the industry weekly. Ford needs to ensure that buyers continue visiting showrooms as the giant automaker struggles to retain market share.

Citroen Tubik concept car (2011) first pictures

The Citroen Tubik may have overtones of a guppy fish, but this new nine-seat MPV concept car shows how the French envisage a people carrier of tomorrow. It draws inspiration from the Type H or TUB (French slang for a front-wheel drive commercial vehicle) van from Citroen's history books. So it's a spacious monobox and aims to solve the usual MPV dilemma or seats or baggage, by being simply massive.