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Ford GT Sells For a Record $11 million at RM's Monterey Auction

RM Auctions sold a 1968 Ford GT40 Gulf/Mirage coupe Friday night at its Monterey sale for $11 million, setting a record for the highest price paid for an American car at auction. The Friday sales showed once again a very strong market for cars selling at auction, according to statistics gathered by classic car insurance giant Hagerty. In comparing this year's sales to last year, the total number of cars sold in two days of auctions was down slightly while the total amount generated -- $67.5 million – is far greater, as is the average selling price.

CDN Interior Motives Student Design Awards 2012 deadline this Friday

The CDN Interior Motives Student Design Awards 2012 competition deadline is fast approaching, with entrants having until 11 May to submit their entries. The theme of this year's competition – which celebrates its tenth anniversary this year – is ‘What Comes Next? Make your mark on the car of tomorrow' and is comprised of the following four briefs, devised in collaboration with Volkswagen and Peugeot: The Next Icon Considers the legacy of cars that have achieved iconic status in the car design automotive industry as a result of technological advances and improvements in construction and ergonomics among other things.

Infiniti to overhaul model naming for 2014

Infiniti will ditch its current badging strategy in 2014, opting instead to carry a 'Q' or 'QX' prefix on all models. The first car to get the name-swap will be the Q50, an all-new Audi A4-style sports saloon that arrives in January 2013 to replace the G37. How does today's Inifiniti range shape up?