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

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.

Lamborghini reports drop in profits

Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430.  Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.

Range Rover Evoque heads for the Dakar Rally

Range Rover Evoque Dakar Rally Land Rover are pretty chuffed with the way the new Range Rover Evoque has been received; feedback from the trade is hugely positive and buyers are queueing up to grab the Evoque – even with its premium prices. So the news that the British Excite Rally Raid Team will be running the Evoque in the Dakar rally will be a nice bit of off-road gloss to add to the street cred the Evoque already has in spades. The Dakar Rally is the world’s toughest car competition, run over gruelling terrain between Paris and Dakar.