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Rare Ferrari sells for staggering £10 million

A RARE FERRARI representing a key early stage in the history of the sports car manufacturer has sold at auction for £10.7 million. The sale of the 375-Plus at the Goodwood Festival of Speed in West Sussex, was a world auction record for a Ferrari sports racing car. A spokesman for auction house Bonhams also said it was the third highest price paid for any car sold at auction.

Bush leaves CAFE decision for Obama

The Bush administration has decided to punt its promised decision on new fuel economy standards to the Obama administration. In a statement this morning, the U.S. Department of Transportation said it will not issue final rules for fuel economy standards for the 2011-15 model years as planned.

2012 British Grand Prix: Alonso takes pole for Ferrari at Silverstone

Ferrari’s Fernando Alonso has taken pole position in a rain-soaked qualifying at Silverstone for the 2012 British Grand Prix. Just like the rest of the UK in this miserable summer, Silverstone was soaked by endless rain with qualifying held up for an hour and a half as conditions became too dangerous to continue. Before the break – halfway through Q2 – Jenson Button had already succumbed to the conditions after slowing under a yellow flag after Timi Glock spun on a wet track leaving Jenson no time to set a time.