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The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

Porsche to take majority stake in VW for £7bn

By Ben Whitworth Motor Industry 07 March 2008 11:26 Porsche is about to become the majority shareholder in Volkswagen. The sportscar maker has been given the green light to purchase further stock in VW, taking its share past the 50 percent mark to give it a controlling interest. As soon as various legal checks have been cleared, Porsche plans to purchase a further 20 percent of VW stock – it already owns 31 percent - at an estimated cost of around £7 billion.

2013 Kia Pro_cee’d specs and prices: Costs from £17,495

Kia has revealed price and specification for the 2013 Procee’d, starting from £17,495 for the Pro_cee’d 1.6 GDI S rising to £20,795 for the SE. The new Procee’d comes in two trim options – S and SE – and with a choice of a 1.6 litre GDi petrol engine or 1.6 litre CRDi  diesel, all with a six-speed manual gearbox as standard although you can opt for a DCT ‘box on the Pro_cee’d 1.6 GDi SE. The 1.6 GDi offers 133bhp and 164lb/ft of torque, does 52.3mpg and takes 9.8 seconds to 62mph.