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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.

Why this year's UAW-Detroit 3 talks don't matter

Here's what you need to know about the current UAW contract talks with the Detroit 3: They don't really matter. Oh, sure, agreements must be reached and contracts signed. But some commentators would have you believe the Detroit 3's future competitiveness hinges on their ability to stand up to the UAW in this year's negotiations.

American muscle and hot rods at SEMA 2013: in pictures

As they say in the States, "there aint no replacement for displacement" – a theory all of the vehicles in our SEMA 2013 American muscle and hot rods gallery subscribe to. Some tuners at SEMA use turbocharging and supercharging to achieve massive horsepower levels from modified cars, but not most of the companies behind the tweaks on these American muscle cars and hot rods – green these vehicles most definitely aren’t, mean they most certainly are. Please click on the image above to read more on American muscle cars and hot rods at SEMA 2013…