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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.

Lexus LF-LC Concept – a fresh look ahead of Detroit

New Lexus LF-LC Concept Photo Lexus has released a couple of new pictures of their LF-LC Coupe Concept ahead of its reveal next week at the Detroit Auto Show. We had a few teases for the Lexus LF-LC Concept last month as Lexus ramped up interest for the Detroit Auto Show, but the teases came to an end after an offical photo of the LF-LC leaked. That predictable escape in to the wild of one of Lexus’ own photos motivated Lexus to reveal an official photo showing the LF-LC in profile.

Autonomous emergency braking mandatory in Europe by 2014

Autonomous emergency braking (AEB) is set to become mandatory as a result of new European regulations. From 2014 Euro NCAP – the organization responsible for conducting independent assessment of vehicle safety performance – will amend its reports and no car will gain a five-star rating without AEB. It's hoped an increased use of the system will cut down on front-end impacts as well as pedestrian injuries.