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Ford to cut Australian manufacturing in 2016

Ford Motor Co., saddled with high costs, falling sales and financial losses, will close Australian car and engine assembly plants in October 2016 after almost nine decades of manufacturing in the country. Ford, the smallest of the country's three manufacturers after Toyota Motor Corp. and General Motors, will shut its assembly plant in Broadmeadows in northern Melbourne and an engine plant in Geelong to the west of the city, Ford Australia CEO Bob Graziano said.

Russia gets its first Lamborghini dealership

While luxury supercars have been a status symbol of the new upper class in Russia, owners often have resorted to buying secondhand or going out of the motherland for their latest top-dollar vehicle acquisitions. Automobili Lamborghini is betting on the continued strength of the Russian market by opening its first dealership in that county in conjunction with the Burevestnik Group, a luxury-automobile and yacht company, in Moscow. “We are very proud of representing Lamborghini in Moscow,” said Andrey Lomakin, co-owner of the Burevestnik Group.

The most expensive Ferrari ever sold at auction

A new record price was set at Pebble Beach this weekend when the 1967 Ferrari 275 GTB/4*S NART Spider pictured here became the most expensive Ferrari ever sold at auction. That isn’t the same as saying it’s the most expensive Ferrari ever, but the NART Spider is an extraordinarily special piece of Prancing Horse history. Join us as we explore what makes this particular car so important, and take a closer look at one of the most valuable cars in the world.