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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.

Overfinch Range Rover Sport GTS-X gets 575bhp

Overfinch has revealed its most powerful Range Rover yet – the Range Rover Sport GTS-X – with 575bhp and 0-60mph in 5.0 seconds. Now Overfinch is back on track new models are starting to take shape. And the Overfinch Range Rover GTS-X, revealed today after a brief debut at the Goodwood Festival of Speed last month, is one of the most appealing Overfinch has ever churned out.

New Mercedes B-Class Electric Drive goes in to production

The first Mercedes B-Class ED (pictured) rolls off the production line in Rastatt With the BMW i3 grabbing headlines – and flying out of showrooms – as BMW’s first electric car, Mercedes need to play catch-up with a convincing EV of their own, and that’s the new B-Class Electric Drive – an EV version of the regular B-Class – which has now gone in to production in Germany. Built alongside regular ICE versions of the B-Class at Mercedes’ Rastatt Plant, the B-Class ED (Electric Drive) looks practically the same as its more conventionally powered siblings – although the front bumper does look a bit different – and has an electric motor good for 177 bhp and 250 lb/ft of torque, can manage a scoot to 62 mph in 7.9 seconds and has a range of up to 124 miles. The range – at least the quoted range – is a chunk better than the BMW i3′s and on a par with the latest Nissan LEAF, thanks to EV technology provided by Tesla, and the wrapping of an EV drivetrain in a conventional series production car could appeal to more buyers than the ‘statement’ design of the BMW i3.