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Hyundai loses top U.S. designer

Hyundai's North American design chief, Joel Piaskowski, left the automaker on Dec. 31. Piaskowski is credited as the main designer for the Hyundai Genesis sedan and coupe.

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).

Lamborghini sets record with 10,000th Gallardo

Lamborghini has achieved a production record by producing its 10,000th Gallardo--a number the Italian automaker has never before accomplished with another model. Before being delivered to its owner, the 10,000th Gallardo will be displayed in Shanghai during Lamborghini Day on June 25. “Production of car number 10,000 is a very important milestone for Lamborghini,” said Stephan Winkelmann, president and CEO of Automobili Lamborghini.