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World's most expensive Alfa Romeo sold at auction

The Alfa Romeo that was the brainchild of Mussolini has sold for nearly £6m at auction. The Italian dictator commissioned the Alfa Romeo 8C-35 to conquer Hitler's dominance of pre-war racing. Built in time for the 1935 Italian Grand Prix, the 8C-35 smashed the competition with racing star Tazio Nuvolari at the wheel and confirmed its fate as one of the most successful racing cars ever. At last weekend's Goodwood Revival, the 8C-35's place in the history books was confirmed as it became the most expensive Alfa Romeo ever to sell at auction. Selling for £5,937,500, the Alfa Romeo eclipsed the previous record of £4,245,118, held by a 1933 8C 2300 Monza, sold in 2010.

BBC 5 LIVE INVESTIGATES OUTSTANDING FINANCE ON USED CARS

BBC 5 Live Investigates has reported that unwitting used car buyers are being chased for large sums of money, owed on loans taken out by previous owners. Leading vehicle information expert HPI has warned consumers to be vigilant on the risks of finance fraud and get protection with the HPI Check. The report suggested that car owners raising finance with logbook loans secured on their vehicles are selling the vehicles before settling their accounts, which is leaving buyers at risk of losing their cash - and the car.

‘GEN Y 2012 – Express Yourself’ contest launched

Liberty Electric Cars has launched a competition for design students calling for ideas for a revolutionary ‘Car of the Year' 2020. The company, which specializes in electric vehicle (EV) drivetrain technologies for multiple vehicle platforms, has asked for students to create a revolutionary electric vehicle for its ‘GEN Y 2012 – Express Yourself' contest. The design must be targeted for Generation Y (between 18 and 29 years old), with the brief stating that the vehicle "should be iconic in shape and allow the user to express their own personality." The vehicle should also "become a fashion item, fun to drive and should use innovative technologies and materials that can be easily configured according to the driver's requirements." The contest is open for students enrolled in a college or university-level design program, either in transportation, product or fashion design, engineering or architecture.