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First Ferrari F12 in U.S. goes for $1.125 million

The first Ferrari F12 Berlinetta in the United States was sold on Saturday at the Formula 1 U.S. Grand Prix in Austin, Texas for $1.125 million. The auction benefited Hurricane Sandy victims.

LSE shows the Range Rover Sport ‘Tiret’ Coupe

A bespoke version of the LSE Range Rover Sport Coupe - The Tiret Coupe - currently on show at the Baselworld Show in Switzerland The LSE Coupe is not quite as radical as the original Stormer Concept, but it goes a good way to addressing the style issues that surround the Land Rover version of the car; the LSE is certainly more individual. Powered by either the regular 4.2 supercharged lump (or the TDV8 as an option), the standard S/C lump can be tweaked to deliver either 480bhp or 520bhp. But even the regular S/C in the LSE comes with a tweaked ECU to deliver more power and torque than the standard unit.

Crunch watch Feb 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Ben Whitworth Motor Industry 02 March 2009 18:11 Monday 2 March• The Volkswagen Group announces a 5% rise in sales revenues in the 2008 tax year and a 3% increase in operating profits, up to €6.3 billion. Chairman Martin Winterkorn said the group's multi-brand strategy and low CO2 cars had helped sustain sales, although he admitted that 2009 would see a fall in demand and revenues (Volkswagen) Friday 27 February• Jaguar Land Rover announces a significant order for 13,000 cars from a Chinese business. It's a morale boost for JLR which has been hit by a slump in demand with the global slowdown (BBC News)• Opel this afternoon agreed to a restructuring plan designed to save as many jobs and factories as possible – but it needs a €3.3 billion lifeline from the state.