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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).

Driven: Volkswagen Passat CC GT

Elegant and refined. Forty years ago these two words would not have been used to describe the Beetles bought in droves by the counterculture in the US; a symbol of the hippy movement and the definitive people's car, designed at a time when Germany sought to put people in motion. With the Passat CC, however, Volkswagen is indeed making a sharp move away from the ‘volks wagen', and these two words rolled off the tongues of those who saw the car in all three countries we drove through on our winter holiday.

Lamborghini Gallardos recalled for fire risk

A safety recall for 1,491 2004-2006 Gallardo coupes and spyders was handed down by Lamborghini due to a potential faulty hydraulic hose in the power steering system that could, with an ignition source, start a fire. Owners will be notified within the next month if their car is one of the potential candidates for a “Disco Inferno.”