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Ferrari 250 GTO sets new world record with £32 million sale

The Ferrari 250 GTO was already the most expensive car in the world ever sold: now, it has cemented its position as reports emerge of an example selling for a staggering £32 million ($50.3m). That’s an increase of almost 50% on the selling price of the former record-setting 250 GTO, an example built for Sir Stirling Moss and sold in 2012. The latest deal is a private transaction and both the identity of the new owner and the location of the car are being kept secret.

Lexus gets new focus

Battered by recalls and public inquisitions, Toyota is hoping to restore its once-pristine image with new hybrid products and a renewed focus on Lexus. Lexus increasingly will be positioned as a “global premium brand,” the company said on Wednesday, and see improved styling, more hybrids and better service. The brand's sales have fallen 9 percent this year, to 26,674 in the United States.

2011 World Car of the Year: Three finalists – one’s not a car

Nissan LEAF in a bubble at Geneva It looks like the WCOTY (World Car of the Year) is infected with the same set of vested interest as the European Car of the Year – they’ve voted the Nissan LEAF as one of the three finalists. By any sane measure the Nissan LEAF is not a car. It is at best a very good second mode of transport for those who don’t seek value and live in an urban area.