Competition Engineering C8015 Lower Torque Box Reinforcement Plate on 2040-parts.com

Tax discs will be scrapped in October: do you know the rules?

Paper tax discs will soon be scrapped forever, but a survey of drivers has found that a half are clueless about the new rules. The survey, of more than 1,000 people, suggests that the DVLA has failed to efficiently inform motorists of the changes – despite them coming in from the 1 October 2014. Click on the image above to find out more about the new tax disc rules

McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).

Lotus chief exec Dany Bahar suspended: what's next?

Group Lotus chief Dany Bahar has been suspended while complaints about his conduct are carried out by parent company DRB Hicom. Weekend newspapers reported that the dispute was over expenses for building work carried out on one of Bahar's homes. Bahar was suspended on Friday and the new owners stressed that Lotus Cars continued to run in his absence.