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Ferrari 250 GTO #3851 GT disappoints at $38 million

The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).

Audi designer to head VW's design center

Volkswagen AG has picked Stefan Sielaff, its current head of Audi design, to lead the VW design center in Potsdam, Germany. Sielaff, 49, will replace Thomas Ingenlath, who is leaving the company. The change will be effective Feb.

Consumer Reports ranks the Kia Sorento third among small, midsize SUVs

The 2011 Kia Sorento EX V6 now ranks third in the Consumer Reports ratings for small and midsize SUVs. Having earned an “excellent” overall score of 82 in recent tests, the Sorento trails only the Subaru Forester 2.5XT and the Toyota RAV4 V6. The magazine notes that the Sorento has a very firm ride and that the six-speed automatic transmission shifts smoothly.