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Fangio’s 1954 Mercedes W196R F1 car sells for £19.6 million (video)

Fangio’s 1954 Mercedes W196R F1 (pictured) sells for £19 million The Goodwood Festival of Speed is all about cars and performance, but it’s not just cars on the ground and on the hillclimb. Goodwood is a Mecca for wealthy petrolheads as well as those who can only lust after the finest motoring metal – classic and current – so it’s a sensible place to run an auction for high-end cars. And you can’t get much more ‘high-emd- – at least in terms of value – than Juan Manuel Fangio’s 1954 Mercedes W196R Formula One car which went under the hammer yesterday at Bonham’s Goodwood auction, and reached a world record auction price of £19,601,500 (including premium – £17.5m before).

New Lexus ‘F’ teased – looks like the Lexus RC-F is on the way

Looks like the Lexus RC-F Coupe is heading for Detroit With the Detroit Auto Show arriving as soon as we have Christmas and the New Year out of the way, the teases for new cars are going to start flowing. And Lexus are in early with a tease for a new model-F performance coupe. Lexus aren’t saying what the new F-Model will be, but its seems certain to be the Lexus RC-F, a high performance version of the Lexus RC Coupe revealed in Tokyo last month.

Qoros set to unveil two concepts in Geneva

Qoros has announced it will showcase two concepts alongside its first production car, the GQ3 compact sedan, at this year's Geneva motor show. The Cross Hybrid Concept and Estate Concept preview future Qoros designs and technologies and are both based on the same platform as the GQ3. The two also feature the same signature design cues, developed under the direction of executive director of design, Gert Hildebrand.