Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series on 2040-parts.com

Peel P50 back in business

Did you know you can buy a brand new Peel P50? That’s the tiny three-wheeled microcar Jeremy Clarkson famously drove around the inside of BBC Television Centre for an episode of Top Gear in 2007, and holder of the Guinness world’s smallest production car title for over 50 years. Turns out it was put back into production in 2010, and is now assembled under licence by a company called Grasshopper in Nottingham.

Lamborghini Brand and Design Director steps down

According to well-placed sources within the automotive design community, Car Design News has learned that Manfred Fitzgerald, Brand and Design Director at Lamborghini, has been asked to leave the company. It is presumed his role with the company's design aspects will likely be absorbed by current Audi Group Head of Design Wolfgang Egger. Fitzgerald had been working at Lamborghini since 1999, shortly after the sports car maker was bought by parent company Volkswagen through Audi AG.

Ferrari 250 GTO sets new world record with £32 million sale

The Ferrari 250 GTO was already the most expensive car in the world ever sold: now, it has cemented its position as reports emerge of an example selling for a staggering £32 million ($50.3m). That’s an increase of almost 50% on the selling price of the former record-setting 250 GTO, an example built for Sir Stirling Moss and sold in 2012. The latest deal is a private transaction and both the identity of the new owner and the location of the car are being kept secret.