Ferrari 250 GTO sets new world record with £32 million sale

The Ferrari 250 GTO was already the most expensive car in the world ever sold: now, it has cemented its position as reports emerge of an example selling for a staggering £32 million ($50.3m). That’s an increase of almost 50% on the selling price of the former record-setting 250 GTO, an example built for Sir Stirling Moss and sold in 2012. The latest deal is a private transaction and both the identity of the new owner and the location of the car are being kept secret.

European Car of the Year shortlist announced

THE SEVEN CARS that will battle it out to become European Car of the Year (ECOTY) 2014 have been announced. Decided on by a jury of 53 motoring journalists from across Europe, the shortlists is made up of the BMW i3, Citroen C4 Picasso, Mazda 3, Mercedes S-Class, Peugeot 308, Skoda Octavia and Tesla Model S. This is the first time the ECOTY shortlist of contenders has included two electric vehicles with the BMW i3 and Tesla Model S.

The Mitsubishi Evo is dead

As Mitsubishi shifts its global lineup toward utility vehicles and electrified cars, it will pull the plug on the Lancer Evolution at the end of the nameplate's current generation. “Mitsubishi Motors does not have any plans to design a successor with the current concept, as a high-performance four-wheel drive gasoline-powered sedan,” spokeswoman Namie Koketsu said, describing the car as having “icon” status. “Mitsubishi Motors will explore the possibilities of high-performance models that incorporate electric vehicle technology.” Dropping the Evo was foreshadowed last fall when President Osamu Masuko unveiled a new mid-term business plan that would deprioritize in-house sedans and explore sourcing them through joint projects with the Renault-Nissan Alliance.