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Lamborghini Countach LP400 breaks $1 million sale barrier

A 1975 Lamborghini Countach LP400 "Periscopica" sold for $1.21 million at the Bonhams auction held in conjunction with the Greenwich Concours d'Elegance on Sunday, June 1, setting a record for the model. Named for the roof-mounted periscope-style rearview mirror that adorned the first 150 Countach models, the stunning "Blu Tahiti" example was the first example of the Countach to break the $1 million mark. We can probably guess what you're thinking: The Countach hadn't broken the $1 million barrier until now?

Wired for Speed: Enthusiasts turn to parts sites for aftermarket punch at affordable prices

You can get anything--literally anything--on the Internet. And for enthusiasts, this means that rare part is just a little bit easier to find. Ebay Motors says its listings of parts has increased dramatically in the last year, with inventory reaching about 13.9 million parts.

GM Europe weeks from running out of cash

By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.