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McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).

College Exhibition: CCS Spring Show 2009

This year's CCS Senior Show provided another year of outstanding graduates while the automotive industry continues to retract due to the global financial crisis. Given all the negative news about auto bankruptcies and closures, it was refreshing to see such youthful, creative and challenging designs in a modern and hopeful environment. The projects on display ranged from militaristic Jeep off-road vehicles to a microvan for the ‘future family of two = single parent + only child'.

Jaguar Land Rover open new engineering test centre in Dubai

Jaguar Land Rover are growing at a tremendous rate, and that means more and more testing of cars to make sure they can cope with the extremes of climate they’re subjected to by owners around the world. So as part of their growing test programme, JLR have extended their testing and engineering facilities in the Al Barsha area of Dubai so they can test durability, calibration and hot weather testing for heat and humidity as well as test the powertrains, chassis, HVAC and, as this is Dubai and it has plenty of sand, they can also give the Land Rover Terrain Response systems a proper workout. JLR has been hot weather testing in Dubai for more than 12 years – an area where temperatures can reach 50 degrees Celsius – and the new facility replaces a much smaller one in the same area, and joins Jaguar Land Rover’s other test facilities at the Nurburgring, Arjeplog in Sweden and Phoenix and International Falls in the States to ensure all JLR’s new cars get subjected to everything from extreme hot and cold to track work.