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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.

Eterniti Artemis racks up 5 sales at Beijing Motor Show

Eterniti Artemis - first sales at Beijing Despite a price tag of £250k, Eterniti says they have taken five orders for the Artemis SUV at the Beijing Motor Show. Eterniti Motors finally revealed their Artemis SUV at the Bejing Motor Show (that’s the Cayenne based Super SUV formerly known as the Eterniti Hemera), and it came with a whopping price tag of £250k. But despite that (or maybe because of it) the cost of the stand at Beijing seems to have paid off for Eterniti with the first five sales for the Super SUV being taken – four for the standard car at £210k plus tax and one for a completely bespoke version.

Porsche to add 1,000 employees

To keep pace with its planned model expansion and sales targets, Porsche AG will add more than 1,000 employees by 2015, Automotive News Europe has learned from Volkswagen Group sources. About 500 jobs will be added for production of Porsche's new compact SUV, codenamed the Cajun, which will go on sale in 2013 in Europe and in North America about six months later. Porsche's supervisory board will make a decision on the production location of the Cajun in mid-March.