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Big Spenders Flock To Bohnams Festival Of Speed Auction

GOODWOOD’S Festival of Speed might be famous for the action on its famous hill, but there’s more to the self proclaimed ‘world's largest motoring garden’ than just the racing. And just to prove the point, this year the annual Bonhams sale earned a staggering £22.6 million on the Friday of the event. The star attraction was a 1954 Ferrari 375-Plus, as used in iconic road races such as the Mille Miglia, Targa Florio and Carrera Panamericana, which sold for £10.7 million following a fierce battle between bidders.

Kia to launch a new range-topping V8 saloon dubbed K9

Kia will build their rumoured rear-wheel drive V8 saloon - but it won't come to the UK, sources in Korea have confirmed to CAR.Following the domestic badge hierarchy, this new range-topper would logically be called the K9. Perhaps that dog-inspired badge may explain why the car won’t come to Europe, but US sales are expected.  Kia’s new range-topper: the ‘K9’ The new large Kia saloon was scheduled to be shown in 2011, but it has now been pushed back to a 2012 launch. The new saloon would sit above the front-drive 3.5-litre V6 K7/Cadenza saloon in the Kia line-up. CAR understands the new exec will be ready by May 2012.   The K9 represents the first application of sister brand Hyundai's rear-drive technology from the Genesis and Equus. Expect Hyundai's 'Tau' V8 engine under the bonnet, along with the upcoming eight-speed automatic transmission which arrived in the Genesis R-Spec saloon at the 2011 Chicago auto show.

Volvo XC60 Plug-in Hybrid Concept Details

Volvo XC60 Plug-in Hybrid Concept Ahead of a launch at Detroit next week, Volvo releases details of the XC60 Plug-in hybrid concept and a raft of photos. Despite calling the Detroit-bound Volvo XC60 hybrid a concept, it’s clear that the hybrid crossover/SUV is heading for a production model, probably sometime later in 2012. And what better place to showcase a petrol-engined hybrid (the XC60 Hybrid is a petrol-engined hybrid, unlike the diesel-engined V60 plug-in hybrid) than in the US, where diesel is still the fuel of Satan for most?