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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.

House narrowly passes scaled-back 'cash-for-clunkers' bill

The U.S. House on Tuesday narrowly passed a scaled-back version of a bill that would give consumers cash vouchers of between $3,500 and $4,500 if they trade in their cars for newer, more fuel-efficient vehicles. The $1 billion cash-for-guzzlers proposal, modeled after successful programs in Germany and other European countries, is part of a $106 billion supplemental spending measure designed mostly to fund the wars in Iraq and Afghanistan.

Peugeot RCZ revealed

Peugeot has finally released details of the Peugeot RCZ, which will launch at Frankfurt Despite our previous criticisms that the Peugeot RCZ looked like a clone of the old Audi TT, we think it’s a great looking car. It’s a real statement of intent to push Peugeot more towards the ‘Sporty’ and leave Citroen to do the ‘Luxury’. And it looks set to cost less than £20k (as a starting point) when it finally goes on sale next Spring after an official reveal at Frankfurt next month.