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One lap of the Web: $52 million Ferrari 250 GTO, Alfa Romeo Montreal for sale and more bizarro engines

-- Even as the hammer fell on Juan Manuel Fangio's $30 million Mercedes-Benz W196R, we knew that that car wasn't the most expensive one ever sold -- it was merely the most expensive car sold at auction. Other cars were reported to have traded for a bit more in private sales. But now we have word of a car that absolutely blows the sale price of Fangio's little Silver Arrow out of the water: a 1963 Ferrari 250 GTO that sold to an undisclosed buyer for $52 million.

Mazda wins 2008 LA Design Challenge

The Mazda Kaan concept has won the fifth annual LA Design Challenge competition, part of the Design Los Angeles automobile designer's conference. The award was presented during the second press day of the 2008 Los Angeles Auto Show, following a designers' luncheon and keynote speech by Daniel Simon, visionary futurist and author of Cosmic Motors. As we reported last month, nine local Southern California design studios entered the competition to envisage how motor sport vehicles might be in the year 2025, answering the theme ‘Motorsports 2025'.

Official: New Hyundai Genesis coming to UK & Europe

The new Hyundai Genesis (pictured) IS coming to Europe We’ve long thought it was time for Hyundai to bring higher-end cars to the UK and Europe as the perception of their cars as budget offerings only has morphed in to an acceptance that Hyundai’s range of cars is actually a credible mainstream force. Now that looks set to happen. Last month we reported that it looked like Hyundai are planning on introducing the new Genesis in the UK after we learnt they had plans to build RHD Genesis for Australia, and Hyundai has now confirmed they will be launching Genesis in Europe next year.