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Ferrari 250 GTO hitting Bonhams in August – but how much will it sell for?

Will the Violati Ferrari 250 GTO (pictured) break the $60 million barrier? The last Ferrari 250 GTO Series 1 to hit auction rooms in 2012, fetched a remarkable $35 million, and last year another 250 GTO – chassis #5111 – was sold in a private deal thought to be worth $52 million. And now another Series 1 250 GTO is about to hit the sale room.

Dakar Rally 2012 Day 2 update

The first major motorsports event of the year, the 2012 Dakar Rally, began its two-week trek across South America on Jan. 1. Four hundred and sixty-five vehicles (171 cars, 185 motorcycles, 33 quads and 76 trucks) with drivers representing 50 nationalities will attempt to cover 9,000 kilometers (more than 5,500 miles) over 14 days throughout Argentina, Chile, and Peru.

UPDATED: Honda hints at new European advanced design studio

On the eve of the 2011 Tokyo Motor Show, Honda Design's Creative Director, Toshinobu Minami, announced that the company is looking to once again open a design facility in Europe. The announcement came during a presentation at the R&D Center in Waco, just outside the Japanese capital and, while not confirmed, Minami-san strongly hinted that the UK would be a likely candidate to play host to Honda's revitalized European design operations. He cited the country's existing manufacturing and administration facilities, as well as a wealth of new talent from the Royal College of Art in particular.