Ferrari 250 GTO #3851 GT disappoints at $38 million

The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).

Winners of the 2013 Michelin Design Challenge announced

Michelin presented the three winners of the 2013 Michelin Challenge Design at its private Designers' Reception during of the North American International Auto Show (NAIAS) in Detroit's Renaissance Center. A jury of automotive designers and industry experts picked the winners from the 15 finalists that best explored how design contributes to and impacts the ongoing effort to develop more efficient vehicles, while keeping the emotional side of car design front of mind. This year's top three finalists are Jorge Biosca (Spain), Liu Shun (China) and Song Wei Teo (Singapore).

Peugeot 208 T16 Pikes Peak – Sebastian Loeb is impressed (video)

The Pikes Peak hillclimb is an awesome event with more than 150 turns on a course more than 12 miles long running up in to the clouds at the summit of Pikes Peak Mountain. This year Peugeot are back to take on Pikes Peak in a car they like to describe as a Peugeot 208, but apart from the name it has nothing much more than a passing resemblance to Peugeot’s latest hatchback. For a start, it has a 3.2 litre twin-turbo V6 that delivers an incredible 875bhp which is enough to get to 62mph in a neck snapping 1.8 seconds and 150mph in an equally unbelievable 7 seconds.