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Ferrari 250 GTO sells for $35 million

A Ferrari 250 GTO – once owned by Sir Stirling Moss – is reported to have sold for a record-breaking $35 million. The Ferrari 250 GTO is probably the most coveted car on the planet and is, therefore, one of the most expensive. Simple supply and demand dictates that when a product is reckoned to be the best there is and the supply is limited prices will rise.

German car makers are dropping big engines

[ad#ad-1] It’s the trend at the moment, and one that won’t go down very well with our American cousins, who are fond of saying that ‘There ain’t no substitute for cubic inches’, as the three big luxury German Car Companies – Audi BMW and Mercedes – are planning to move away from their big ‘V’ engines. BMW V10 - on the way out The news started last week, when Audi let it be known that their new S5 will not use the V8, but will instead use a supercharged V6. Earlier this week, news came from BMW that its next generation of ‘M’ cars will forsake the V10s so beloved of M owners, and will instead go for turbo versions of the V8.

Infiniti introduces personal concierge service with new cars

The luxury-car market is tough a game when the economy is going good. When it's bad, automakers have to think up all sorts of incentives to get buyers into showrooms. Case in point: the personal concierge service from Infiniti.