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BMW recalls new 5-series

BMW is recalling up to 12,400 new 5-series sedans that have defective fuel-tank sensors. Bloomberg reports that the fuel sensors can become wedged against the tank, causing the fuel gauge to display a higher amount of fuel than what is present. There have been 10 reported incidents of sedans being affected by the defect in the United States.

Why the Stingray's $52K sticker should come with an asterisk

General Motors resisted the urge to jack up the price on the 2014 Corvette Stingray, despite major enhancements on the seventh-generation sports car. The $51,995* sticker for the coupe, which is expected to hit showrooms by September, is just 1,400 bucks more than the current model, even with its more powerful engine, better fuel economy and vastly improved interior. Why the asterisk?

The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).