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1953 Ferrari 340/375 MM Pinin Farina Berlinetta ‘Competizione’ makes €9,856,000

It’s the annual  Concorso d’Eleganza Villa d’Este festival of supercars and classic cars this weekend, and poart of that is the RM Auctions sale at Vella Erba, on the banks of Lake Como, with a 1953 Ferrari 340/375 MM Pinin Farina Berlinetta ‘Competizione’ smashing the world auction record by fetching €9,865,000. The 375 MM is one of three works cars entered in the 1953 24 Hours of Le Mans and has a good history including 24 Hour of Spa, the Carrera Panamericana, and winning the 12 Hours of Pescara, has been driven by World Champions Hawthorn, Ascari, and Farina and won numerous awards at many events including Pebble Beach, Goodwood Revival and the Louis Vuitton Classic. But it wasn’t just the 375 MM that sold at a strong price, with other notable lots fetching good prices, such as a 1965 Ferrari 275 GTB, for €1,120,000,  a 1967 Lamborghini Miura P400 at €426,600, a 1962 Mercedes-Benz 300SL Roadster for €1,114,400 and a 1962 Ferrari 400 Superamerica SWB Coupé Aerodinamico for €2,184,000.

Civic hybrid tests Honda's new strategy

Despite being the first to sell an electric-gasoline car in the United States and making hybrid technology a centerpiece of its fuel economy push, Honda Motor Co. has yet to have a hybrid hit. But the redesigned Civic Hybrid, launched April 20, is the first test of whether Honda's new strategy of tapping lithium ion batteries and, later, two-motor systems can break the streak.

New Jaguar XJR will see the end of the XJ SuperSport

The launch of the new 2013 Jaguar XJR at the New York Auto Show this week heralds the end of the line for Jaguar’s other Supercharged V8 XJ – the SuperSport. With a much more fulsome 542bhp, some very ‘Jaguar’ go-faster bits, some proper fettling to make the steering, gearbox and suspension focus more on the drive without making a mess of the ride and altogether more dynamism in prospect than the SuperSport, we’d assumed Jaguar were making the XJR the performance pinnacle of the XJ range and leaving the SuperSport in place as the ‘luxury’ alternative. With that thought in mind we’d expected to see Jaguar push the price of the new XJR up towards the XJ Ultimate (which costs £121,000), so count us gobsmacked when Jaguar revealed the new XJR will cost from £92,335 – just £500 more than the SuperSport.