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Fangio’s 1954 Mercedes W196R F1 car sells for £19.6 million (video)

Fangio’s 1954 Mercedes W196R F1 (pictured) sells for £19 million The Goodwood Festival of Speed is all about cars and performance, but it’s not just cars on the ground and on the hillclimb. Goodwood is a Mecca for wealthy petrolheads as well as those who can only lust after the finest motoring metal – classic and current – so it’s a sensible place to run an auction for high-end cars. And you can’t get much more ‘high-emd- – at least in terms of value – than Juan Manuel Fangio’s 1954 Mercedes W196R Formula One car which went under the hammer yesterday at Bonham’s Goodwood auction, and reached a world record auction price of £19,601,500 (including premium – £17.5m before).

SEMA 2008 show report: Volkswagen Passat CC

By Ben Whitworth Motor Shows 07 November 2008 09:00 Volkswagen’s sobriety took a back seat at the SEMA show in Las Vegas this week – it pulled the covers off a pair of muscle-bound Passat CCs, a racy 295bhp Tiguan and a grunty diesel Jetta aimed at cajoling the American market into turning its back on gasoline. The unambiguously named Performance CC – designed by Volkswagen’s California-based design centre – gets a shot in the arm from a three-stage turbo boost to its 2.0-litre TSI engine. In Eco mode you get a modest 222bhp and 236 lb ft of torque, GT mode hikes those outputs to 252bhp and 268 lbs ft, while the Full Power stage unleashes 311bhp and 313 lb ft.

Kia styling chief Schreyer is fluent in Koreapean

The way Peter Schreyer sees it, there is one key difference between European and Korean automakers: Europeans design from the heart, Koreans from the head. "In a European company, everybody is a car driver, a car enthusiast," says the Germany-born design chief of Kia Motors Corp. "Everybody from the CEO to the little designer to people on the production line, they want to build cars they want to drive themselves." Koreans can be more market-oriented: "They look at the big picture, which markets to explore or conquer.