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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.

Chevrolet Nova 'Innovator' wins Goodguys award

Alex Covington knows that picking the proper street machine takes time. Many fit the basic bill, but few stand up to the scrutiny of the judges at the Goodguys Optima Batteries Street Machine contest. His customized 1967 Chevrolet Nova, named Innovator, rang all the right bells on July 9 when it won the 2011 Street Machine of the Year award.

McLaren P1: Instant reaction before the Paris motor show

McLaren has just zoomed to the front of the pack of reveals planned for the Paris motor show. This is easily one of the glitziest events on the car calendar, and European shows tend to bring out the best in concepts and style. But the P1 is the leader so far.