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

The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

'Ambulance chasers' face new controls

THE CULTURE of "ambulance-chasing" lawyers and bogus whiplash claims could come to an end following new measures set out by the Government to crack down on insurance fraud. Lawyers will be banned from offering accident victims incentives such as money or free iPad computers to encourage them to make a claim and courts will be given powers to throw out compensation actions where claimants have been dishonest. The reforms by the Ministry of Justice (MoJ) aim to tackle the rise of the compensation culture and reduce the amount being paid out unnecessarily by insurance companies - which can lead to higher premiums for honest customers.

Corvette Stingray vs Jaguar F-Type V8 S vs Aston Martin V12 Vantage S on Goodwood Hillclimb (video)

The new Corvette Stingray on the Goodwood hillclimb Can America really make a muscle car that Europeans love? It’s certainly starting to look like it with the 2014 Corvette Stingray. Many glowing reports about the Stingray’s more refined character, handling and performance abound, with many seeing the new Stingray as the first American muscle car that can really stick it to the Europeans, right across a range of abilities.