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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.

Volvo Aims High With Its Self-Driving Car Tech Project

SWEDISH car maker Volvo has announced it will embark on a large scale trial to refine the technology behind its self-driving cars. Volvo is no stranger to the technology having already conducted controlled experiments using ‘road trains’ – cars following each other closely at speed – but this exercise will involve 100 cars being deployed in the busy streets of Gothenburg, Sweden. The project ‘Drive Me – Self-driving cars for sustainable mobility’ is a joint initiative between Volvo Car Group, the Swedish Transport Administration, the Swedish Transport Agency, Lindholmen Science Park and the City of Gothenburg.

Updated 2014 Chrysler 300S to debut at LA Auto Show

The Chrysler 300 is getting a few upgrades for 2014, and it will debut at the Los Angeles Auto Show. To start, audiophiles -- or at least fans of a particular brand of headphones -- will be pleased to hear that the 2014 Chrysler 300S bolsters sound quality with Beats by Dr. Dre.