1957 Ferrari 250 TR (Testa Rossa) smashes world auction record

Ferrari 250 TR - Reached a world record price at today's Leggenda e Passione sale at Maranello We brought you news back in February that high-end Car Auctioneers R.M. Auctions were offering for sale an extremely rare 1957 Ferrari 250 Testa Rossa at the Ferrari Leggenda e Passione sale in Maranello today. Well, the sale went as planned, because the Ferrari 250 TR sold for a world auction record €9,020,000, beating the previous record by €1,980,000.

L'argus European Design Competition 2004 announced

French magazine L'argus de l'automobile has launched its 3rd European Design Competition , with the theme: "Imagine the convertible utility vehicle" The competition has been run since 2002, asking students at European design schools to design original utility vehicles. The 2003 competition recieved more than 350 submissions from students of Europe's best schools of art and design. This year there are two major new features: extension of the competition to design students in the new European Union countries, and greater freedom for entrants, with a theme allowing more room for creativity.

Muscle cars rumble during Hot August Nights

The ground was shaking, but it wasn't from an earthquake. More than 6,000 classic cars, all pre-1972, descended upon Reno, Nev., for the 26th edition of Hot August Nights. This year's event was Aug.