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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.

One-off Porsche 911 Carrera 4S celebrates 5 million Facebook fans

Porsche has built a special 911 Carrera 4S (pictured) to celebrate 5 million Facebook Fans Car makers do like to get their Facebook fans to ‘design’ a car; it’s a good way of drawing fans in to the brand and give them an idea of what floats buyers’ boats. Some are not all that impressive, but the 911 Carrera 4S Porsche has built in celebration of getting 5 million fans on Facebook – designed with input from those fans – is actually quite understated. It comes in a quite fetching shade of Aqua Blue Metallic, a set of white 20″ alloys (a bit tacky), sports suspension and exhaust, an Aerokit with big back spoiler, personalised sill plates, brushed aluminium trim inside and a plaque telling the world this is a Porsche designed by 5 million Facebook fans.

Scion considers moving upscale

Toyota's struggling Scion brand may move upscale to challenge entry-level luxury models coming from European automakers. The new lower-luxury niche includes Mini, the front-wheel-drive Mercedes-Benz CLA arriving this fall and Audi's compact A3 sedan shown last week on the eve of the New York auto show. Scion has gone after young entry-level buyers since its inception 10 years ago but has lost its early momentum.