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Porsche 911 Targa revealed - MSN scoops the new, retro 991

This is the first chance to get a full view of the new 2014 911 Targa that Porsche is set to officially launch at January’s Detroit Motor Show. MSN has obtained imagery of the new 991-generation Targa (inset above) and it reveals that the firm is going back to the future with a car that returns to the original Targa style that first appeared back in 1966.

Plans for Smart’s three-seat sports car uncovered in patent drawings

Mercedes-Benz is developing a three-seat sports car for Smart. Depicted here in a series of European patent-application sketches obtained by AutoWeek, the radical new sports car forms part of an extended range of new Smart models planned for introduction by the middle of the next decade, including a more conventional four-seater to be produced in cooperation with Renault. Mercedes-Benz is reacting to increased competition from Toyota in the form of the iQ and the impending arrival of similar urban-based offerings from premium-brand rivals Audi and BMW.

1957 Ferrari 250 TR (Testa Rossa) smashes world auction record

Ferrari 250 TR - Reached a world record price at today's Leggenda e Passione sale at Maranello We brought you news back in February that high-end Car Auctioneers R.M. Auctions were offering for sale an extremely rare 1957 Ferrari 250 Testa Rossa at the Ferrari Leggenda e Passione sale in Maranello today. Well, the sale went as planned, because the Ferrari 250 TR sold for a world auction record €9,020,000, beating the previous record by €1,980,000.