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

McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).

BMW makes 1,000 workers permanent

AROUND 1,000 agency workers at car giant BMW are to be made permanent employees, guaranteeing job security for years. The change, being made in two phases, was warmly welcomed by the Unite union, describing it as a great Christmas present. The announcement covers workers across a number of BMW sites including the Mini plant in Oxford, pressings plant in Swindon and Hams Hall engine site near Birmingham.

Hertz Lotus Hire in Italy

Hertz are now offering the Lotus Elise SC for hire in Italy Hertz and Lotus have the answer – drive a Lotus Elise to show the Italians they’re not the only ones to make a cracking two seater (and a lot cheaper). Hertz has teamed up with Lotus to offer a fleet of bright yellow Lotus Elise SC at select outlets throughout Italy from the middle of this month. True to say you could probably have hired yourself a Lotus before to trolly round Italy, but with a big car hire company like Hertz in on the plan you can be pretty sure there will be a lot of takers.