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1957 Ferrari sells for record $12.1 million at auction

A 1957 Ferrari 250 Testa Rossa once again blew away the competition, setting a world record for cars sold at auction when it fetched an eye-popping $12.1 million on Sunday at an event on the grounds of the Ferrari factory in Maranello, Italy. The Testa Rossa was one of just 22 produced from 1957 to 1958, and the Scaglietti design is marked by prominent pontoon fenders. The cars also were successful racers, winning 10 of the 19 international races they entered from 1958 to 1961.

Augmented reality application streamlines home car maintenance

The basic home motor-oil swap is about to get a lot more futuristic -- at least if the augmented reality application being developed by AR-media goes anywhere. AR-media's app uses a tablet's camera to position guides and instructions over a car's engine bay in real time. It sounds complicated, but it appears to be relatively seamless in action.

Steve Earle out at Monterey Historics

Steve Earle, the founder of the famed Monterey Historics, is done as the organizer of the event after 36 races. Earle and track officials were unable to iron out a new deal, making this year's races--run last weekend--his final lap. The future of the must-attend event for classic racing fans is now in question.