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Ferrari 250 GTO sells for $35 million
Sat, 02 Jun 2012A 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.
Londoners 'most likely to fail' driving test
Mon, 21 Jul 2014LEARNERS gearing up to take their first driving test are twice as likely to pass in Scotland as those in London, according to analysis of driving test results by a car insurance company. Its analysis reveals that London has the test centres with the four lowest pass rates in the country for first time test-takers. Only 31% of learner drivers in Belvedere passing the first time, while Wanstead (32%), Barking (32%) and Wood Green (33%) were the other lowest scoring centres in the capital, all with first time pass rates significantly below the national average (48%), the study by Privilege Car Insurance found.
News watch December 2012: today's auto industry news
Mon, 31 Dec 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Monday 31 December 2012• Despite reports earlier this month that shareholders valued Mercedes-Benz at half that of its luxury rival BMW, Mercedes CEO Dieter Zetsche has remained bullish about his ambitious targets for the carmaker's growth. 'I am confident that we will be ahead of our rivals by 2020 at the latest,' he told German newspaper Boersen-Zeitung in an interview.