1961 Jaguar E-Type ‘Barn Find’ sells for £110k

Rarity is all in the classic car world, which is one of the reasons why the early, pre-Fiat Ferraris command huge prices (there were only 33 Series 1 Ferrari 250 GTOs built and you would now have to pay north of $40 million for one) and why the E-Type – glorious and desirable though it is – commands a fraction of that. In fact, you can pick up a very decent E-Type in good condition for as little as £50k, and even E-Types that have been fully restored and with low mileage don’t often break the £100k barrier. So why has this tatty 1961 flat-floor E-Type sold for £119,020 at Bonhams auction at the RAF Museum in Hendon?

Chrysler reportedly set to expand Toledo assembly plant

The Chrysler Group is planning to expand its Toledo, Ohio, assembly complex, adding a second shift and more than 1,100 jobs to the operation that currently builds the Jeep Liberty and Dodge Nitro SUVs, the Toledo Blade newspaper reported Thursday. The $365 million investment could be the first of several major expansions to Chrysler's Toledo operations, which also include production of the Jeep Wrangler at the nearby Toledo North Plant, the newspaper reported. The automaker disclosed the plans in documents filed in a city tax application that will be discussed by local officials at a meeting Thursday night, the report said.

Ferrari F40: 60 F40s parade at Silverstone Classic (+video)

A total of 60 Ferrari F40s took to the Silverstone track at last weekend’s Silverstone Classic to celebrate 25 years of the F40 – a world record. Perhaps, just perhaps, the Ferrari F40 is Ferrari’s finest hypercar and stands as Enzo Ferrari’s last automotive statement before his death a year after the F40 launched in 1987. To celebrate the F40′s 25th birthday the Silverstone Classic gathered together as many F40s as they could muster for a parade lap at Silverstone at the weekend.