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Ferrari 250 GTO hitting Bonhams in August – but how much will it sell for?

Will the Violati Ferrari 250 GTO (pictured) break the $60 million barrier? The last Ferrari 250 GTO Series 1 to hit auction rooms in 2012, fetched a remarkable $35 million, and last year another 250 GTO – chassis #5111 – was sold in a private deal thought to be worth $52 million. And now another Series 1 250 GTO is about to hit the sale room.

Hennessey Venom GT hits 230 mph in less than 20 seconds

The power junkies over at Hennessey have uploaded a YouTube video of the company's Venom GT hypercar. The Lotus-based GT sprints from 0-to-228 mph in 19.96 seconds, or the time it takes to update your Facebook status. Behind the driver of the Venom GT is a Corvette ZR1-sourced LS9 V8.

Policy, green cars take center stage at Washington auto show

Public policy and the ultimate impact it has on consumers' cars was the hot topic on Thursday at the Washington auto show, as companies vied to show off and explain their latest fuel-efficient technologies under the watchful eyes of regulators and government officials. Notably, Chevrolet announced plans to roll out an "Ecologic" environmental label on the 2012 Sonic, with other vehicles to follow. Sort of like nutrition labels for food, Chevy's version will explain the environmental impact of cars throughout their life cycles.