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

VW Race Touareg 3 (2011) first pictures

You might usually associate the Volkswagen Touareg with school-run mums whose furthest foray off-road is up the kerb and onto a wet field – this is something different, this is the new VW Race Touareg 3. That there is, and it’s the Race Touareg 2 that’s taken the chequered flag at the last two Dakar rallies, becoming the first diesel-powered winner in 2009. And after 2010’s 1-2-3 finish, the VW board decided it was onto a good thing and commissioned Volkswagen Motorsport to update its Touareg racer for the January 2011 race.

Who's Where: Taewan Kim appointed Vice President of Design at GM Daewoo

Taewan Kim has been promoted to Vice President of Design at GM Daewoo. Having started his career in International Automotive Design in the United Kingdom in 1991, Kim was involved in designing various Japanese and European automobiles, including British Airway's First Class seat design. From 1995, he served as Chief Exterior Designer at the former Daewoo Motor Company, leading the exterior design of the Magnus, Lacetti, Kalos and Matiz.

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.