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Subaru's Levorg concept set for Tokyo

Subaru has revealed the first teaser images of its Levorg tourer concept ahead of its unveiling at next month's Tokyo Motor Show. The concept, which previews a new 2014 model, is designed to blur the line between a tourer's practicality and a sports car's design and will target the Japanese market. Its name is derived from a combination of the words ‘Legacy', ‘Revolution' and ‘Touring'.

Peugeot 408 GT teased ahead of Beijing 2014 debut

Peugeot will show a new concept car at the 2014 Beijing Motor Show this April, hinting at a small four-door coupe that could rival the Mercedes-Benz CLA. The prototype will most likely be based on the French firm’s current 308 hatchback – underpinned by PSA Peugeot Citroen’s latest EMP2 platform – and will continue to evolve the brand’s new design direction. On Bing: see pictures of the Peugeot 308 Find out how much a used Peugeot 308 costs on Auto Trader The concept is thought to be relevant to the Chinese market only, however, as Peugeot already sells a 408 saloon model solely in that territory, based on its older 308 hatch.

Classic Ferrari becomes most expensive car ever sold in UK

This 1957 Ferrari 250 TR – or Testarossa – has just become the most expensive car ever sold in the UK outside of an auction. The exact figure paid is undisclosed, but is said to be in excess of the previous record-holder, a Ferrari 250 GTO that sold for £22.5 million in 2012. Yes folks, if you’ve got the cash, classic Ferraris are where it’s at in the investment world right now.