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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).

Magna Steyr MILA Coupic revealed

Magna Steyr – an independent engineering and manufacturing company – will be revealing the MILA Coupic concept study at the rapidly-approaching Geneva motor show. The MILA Coupic, the sixth concept in the MILA innovation family, brings together three different vehicle concepts into one SUV coupe that can transform into a sporty pick-up or an open-air convertible. The concept is constructed using a combination of textile, glass, roof modules and seating technology.

Renault Twingo and Clio Grand Tour

By Ben Whitworth Motor Shows 08 March 2007 10:12 French but sans le funky look A busy show stand for Renault – as well as unveiling its new Twingo city car, the French manufacturer pulled the wraps off a thinly disguised version of its upcoming Clio estate to take on its Fabia and Peugeot 207 wagon rivals. After the funked up coolness of the Twingo concept car shown at the Paris Motor Show last year, we are more than a little underwhelmed by the production Twingo. Renault is keen to move away from the utilitarian look and feel of the original model – it will leave cheap and cheerful sales to the Clio Campus – and pitch the new model at sharper-suited rivals like the Mini.