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The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

Audi Q7 S Line Sport and Style Editions revealed

Audi Q7 S Line Style Edition and S Line Sport Edition revealed The Audi Q7 is rapidly becoming invisible in the premium SUV market as it’s overshadowed by newer offerings from BMW and Mercedes, and from Land Rover too. But we’re expecting an all new Audi Q7 to arrive later in 2014 which, Audi hope, will offer enough to make the Q7 relevant to buyers of big, luxury SUVs once again. But in the meantime, Audi still wants to be shifting Q7s from their showrooms so we get a pair of special edition Q7s – the Q7 S Line Sport Edition and S Line Style Edition – to hopefully add a bit of fizz to Q7 sales.

GM donates Insignia prototype to Coventry University

Though the cloud of uncertainty is currently looming over General Motors' Opel and Vauxhall brands, the economic climate hasn't deterred its Vauxhall division from showing a bit of generosity. Recognizing the burgeoning talent at one of the UK's leading design schools, the British arm of the American automotive giant recently offered car design students from Coventry's School of Art & Design an Insignia prototype, which will be used for 'real life' styling exercises. "We are delighted that Vauxhall has chosen to donate this vehicle to the university for our students to work with.