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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.

Ferrari 458 Spider & Ferrari California 30 debut at the Goodwood Festival of Speed

The Ferrari 458 Spider and the new California 30 have made their UK debut at the Goodwood Festival of Speed. The hugely appealing Ferrari 458 Spider has made its UK debut at the 2012 Goodwood Festival of Speed alongside the new, more powerful California – the Ferrari California 30. The new 458 Spider – which, if you could still see the engine at the back, would make you wonder who would still but the 458 Coupe – gets a very clever, fully retractable aluminium hard top which is a full 25kg lighter than a comparable cloth top.

The best new-car discounts and deals: August's biggest savings

August can often be a quiet month for new car sales, with many buyers either on holiday or holding off until the September plate change. Dealers know this too, so this makes it a very good month to bag a big discount on a new car. We've shopped around to find 10 brillian new-car deals for August.