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Ferrari 250 GTO #3851 GT disappoints at $38 million

The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).

Rolls-Royce confirms new Wraith coupé for Geneva

Rolls-Royce will launch its new Wraith coupé model at this year's Geneva motor show, thought to be a dramatic fastback based on the Ghost. The carmaker's CEO, Torsten Müller-Ötvös, announced the news this morning at the company's World Dealer Conference in London, claiming that the Wraith will have "the boldest design, the most dramatic performance" and be the most powerful model yet. The Wraith will shape the future of Rolls-Royce and build on the success of Ghost and Phantom.

Supercar maker Spyker starts production in UK

By Tim Pollard Motor Industry 10 February 2010 12:29 Spyker is having a busy 2010. Last month it closed the deal to buy Saab from GM; today it built its first car at the new UK factory after relocating from Holland.Spyker Cars is quitting production in the Netherlands to manufacture cars in Coventry – nearer its main supply base in the Midlands.The new Spyker facility switches assembly of the Aileron supercar from Zeewolde to a new 20,000sq ft plant at CPP Manufacturing in Wheler Road, Coventry. The first car went into production today.