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McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction
Sun, 18 Aug 2013McLaren 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).
Chevrolet Mi-ray concept gets a new ‘mid-electric' hybrid powertrain
Thu, 31 Mar 2011General Motors Co. has unveiled a sporty South Korean-developed concept car that showcases a "mid-electric" hybrid powertrain that can run on electric-only front-wheel drive or tap a gasoline engine to turn the rear wheels for extra power. Dubbed the Chevrolet Mi-ray, Korean for "future," the compact, open roadster gets a carbon fiber body mounted on an aluminum chassis for lightweight performance.
2014 Toyota Land Cruiser facelift details – costs from £34,995
Wed, 02 Oct 20132014 Toyota Land Cruiser facelift details – costs from £34,995 The Land Cruiser can’t really offer car-like handling, but it has upped the stakes in the other departments with the arrival of a facelift for 2014. The 2014 Land Cruiser gets a new nose – the de rigueur facelift option – new headlights and running lights, new grill and bumper and round the back some new lights, all set-off by new alloys. Inside Toyopta has give the Land Cruiser a new set of switches for the drive modes, a new speedo and rev counter, a 4.2″ TFT screen, new wood and aluminium finishes and upgraded leather.