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Ferrari 250 Testa Rossa set for Monterey auction

A 1958 Ferrari 250 “Pontoon Fender” Testa Rossa will be featured in August at RM Auctions' 25th Sports & Classics of Monterey event. The Scaglietti-designed race car, serial number 0738 TR, is expected be one of the most valuable cars ever offered during Monterey's auction week. “RM set the current world-record price for a car sold at auction with another pontoon-fender TR selling for $12.4 million,” said Rob Myers, chairman and CEO of RM Auctions.

VW Golf GTI (2013) first pictures of Mk7 GTI

VW's evergreen Golf GTI hot hatch is back for the seventh time, sporting its highest-ever power output, performance and economy. You can choose a regular 217bhp GTI or upgrade to 227bhp with a 'performance pack', and fuel economy is said to be 18% better than the Mk6 GTI's. It's on sale this spring, priced around £26k.

The 2011 Volkswagen Touareg rolls out with a new hybrid powertrain

Volkswagen is banking on the fuel-saving properties of a new gasoline-electric hybrid drivetrain and what it describes as a wholesale improvement in quality levels to bolster North American sales of its second-generation Touareg. This new Touareg represents VW's first foray into the premium-hybrid-SUV market, which includes gasoline-electric entries from BMW, Lexus, Mercedes-Benz and Cadillac, among others. Further competition will come from a similarly powered version of the new Porsche Cayenne, alongside which the new Touareg was developed.