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Ferrari 250 Testa Rossa set for Monterey auction

A 1958 Ferrari 250 “Pontoon Fender” Testa Rossa will be featured in August at RM Auctions' 25th Sports & Classics of Monterey event. The Scaglietti-designed race car, serial number 0738 TR, is expected be one of the most valuable cars ever offered during Monterey's auction week. “RM set the current world-record price for a car sold at auction with another pontoon-fender TR selling for $12.4 million,” said Rob Myers, chairman and CEO of RM Auctions.

Watch the Porsche 911 GT3 rear-steering system work

A handful of manufacturers have offered four-wheel steering in the past including Honda, Nissan, BMW, Mitsubishi, Mazda and, most recently, Acura and Porsche. On Monday, suspension expert Elephant Racing uploaded a video to its YouTube channel demonstrating the feature on the 2014 Porsche 911 GT3. In most four-wheel steering cars--Acura and Porsche included—a computer controls the movable rear wheels.

CDN-GM Interactive Design Competition - interior phase finalists announced

July 19 saw the CDN-GM competition judging and mentoring teams meet at GM's world HQ in Warren, Michigan, to cast judgment over the 99 entries to the interior phase of the competition. The competition asked design students to develop concepts in response to briefs set by each of GM's four brands – Chevrolet, Cadillac, GMC and Buick. The judges nominated three finalists for each brand, who will be invited to attend the 2012 NAIAS in Detroit.