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1953 Ferrari 340/375 MM Pinin Farina Berlinetta ‘Competizione’ makes €9,856,000

It’s the annual  Concorso d’Eleganza Villa d’Este festival of supercars and classic cars this weekend, and poart of that is the RM Auctions sale at Vella Erba, on the banks of Lake Como, with a 1953 Ferrari 340/375 MM Pinin Farina Berlinetta ‘Competizione’ smashing the world auction record by fetching €9,865,000. The 375 MM is one of three works cars entered in the 1953 24 Hours of Le Mans and has a good history including 24 Hour of Spa, the Carrera Panamericana, and winning the 12 Hours of Pescara, has been driven by World Champions Hawthorn, Ascari, and Farina and won numerous awards at many events including Pebble Beach, Goodwood Revival and the Louis Vuitton Classic. But it wasn’t just the 375 MM that sold at a strong price, with other notable lots fetching good prices, such as a 1965 Ferrari 275 GTB, for €1,120,000,  a 1967 Lamborghini Miura P400 at €426,600, a 1962 Mercedes-Benz 300SL Roadster for €1,114,400 and a 1962 Ferrari 400 Superamerica SWB Coupé Aerodinamico for €2,184,000.

2015 Corvette Stingray will get an eight-speed automatic transmission

2015 Corvette Stingray buyers will have a new transmission option when they head to dealer lots next year: An eight-speed automatic that will supposedly weight less than the six-speed it replaces and boasting quicker shift times than the dual-clutch in the Porsche 911. Named the 8L90, this eight-speed will be built in Ohio and will also be found on the upcoming Corvette Z06. If the gearbox is capable of handling the 625 hp put down by that supercharged beast, we're sure it'll take on the regular Stingray's 455 hp without breaking a sweat.

Cadillac Ciel Concept cruises in to Pebble Beach

Cadillac Ciel Concept - sybaritic style for Californians It’s not hard to tell the General Motors has found its Mojo again after losing it to Uncle Sam; all you need to do is take one look at the Cadillac Ciel Concept that’s turned up at Pebble Beach this weekend, probably the boldest Cadillac Concept since the Cadillac Sixteen. The Cadillac Ciel is a big, impressive four-seat convertible designed to epitomise the American Dream, as it cruises along the Pacific Coast Highway, cosseting its occupants in sybaritic style. But this is 2011, so there’s a nod to the eco-sensibilities car makers feel the need to embrace.