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The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

Mercedes to build C-class in Alabama

Mercedes-Benz will add production of C-class sedans to its plant near Tuscaloosa, Ala., starting in 2014. Daimler AG Chairman Dieter Zetsche, who participated in the creation of the Alabama plant project as a fast-rising executive in 1993, said in a statement released Wednesday from Stuttgart that the U.S. operation will take over about one-fifth of the model’s global production.

New VW Golf GTD: Price from £25,285

At £25,285 the new Golf GTD – revealed at the Geneva Motor Show last month – is just £310 more than the old model despite an increase in equipment and performance and a better specification. Looking pretty much how you’d expect a GTI Diesel to look, the GTD gets smoked LED rear lights, bi-xenons with LED running lights, two chrome tailpipes, 18″ Nogaro alloys and the slightly butch body kt which includes side skirts, butch bumpers and a roof spoiler. Inside is ‘GTI’ too with tartan trim, black roof lining, sports steering wheel and GTD-specific trim for the gear lever, trim strips and instrument cluster.