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

McLaren F1 creator Murray’s T25 ready to go

Gordon Murray's T25 - still under wraps Gordon Murray is the genius behind the legendary McLaren F1 supercar. So what he does needs to be taken seriously. That includes the Caparo T1, which is a super-light racer for the roads, but also includes the last thing you would think of – a super-small, lightweight and above all cheap car.

2012 European Car of the Year shortlist announced

The shortlist for the 2012 European Car of the Year award has been announced today. There were 35 cars on the original list, but the first round of voting from the 59 jury members (including CAR Magazine’s editor Phil McNamara, and our European correspondent Georg Kacher) has whittled the list down to just seven. They are… • Citroen DS5• Fiat Panda• Focus Focus• Opel (Vauxhall) Ampera/Chevrolet Volt• Range Rover Evoque• Toyota Yaris• Volkswagen Up There will now be a second round of test drives, before the European Car of the Year jurors submit their scores and a winner is announced live at the Geneva motor show on 5 March 2012.

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.