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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).

Jaguar F-Type Coupe by SVO for Tour de France – JLR’s Special Vehicle Operations creates F-Type support car for Sky Team

Jaguar F-Type Coupe by SVO for Tour de France support on time trials We’ve already had two new cars from JLR’s new Special Operations division ion the guise of the new Range Rover Sport SVR and Jaguar F-Type Project 7, and now we get another – the Jaguar F-Type R Coupe support car for Jaguar’s Team SKY Tour de France exploits. The support car SVO has created is the standard F-Type R Coupe with the 542bhp supercharged V8, painted in the SKY Team’s usual blue colours and fitted with a clever roof rack to carry a couple of bikes. Other updates include tech in the car to allow team officials to communicate with the tour organisers – including radio, TV and a power supply – and are designed to be used on the individual time trial runs.

Car giant starts recruitment phase

CAR GIANT Jaguar Land Rover has started recruiting for the first phase of 1,700 new jobs to support production of new vehicles. The company said 500 production staff will be taken on as part of expansion plans at its factory in Solihull, West Midlands. The carmaker is investing £1.5 billion in the UK and plans to increase its workforce at Solihull to almost 8,000.