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1953 Ferrari 340/375 MM Pinin Farina Berlinetta ‘Competizione’ makes €9,856,000

It’s the annual  Concorso d’Eleganza Villa d’Este festival of supercars and classic cars this weekend, and poart of that is the RM Auctions sale at Vella Erba, on the banks of Lake Como, with a 1953 Ferrari 340/375 MM Pinin Farina Berlinetta ‘Competizione’ smashing the world auction record by fetching €9,865,000. The 375 MM is one of three works cars entered in the 1953 24 Hours of Le Mans and has a good history including 24 Hour of Spa, the Carrera Panamericana, and winning the 12 Hours of Pescara, has been driven by World Champions Hawthorn, Ascari, and Farina and won numerous awards at many events including Pebble Beach, Goodwood Revival and the Louis Vuitton Classic. But it wasn’t just the 375 MM that sold at a strong price, with other notable lots fetching good prices, such as a 1965 Ferrari 275 GTB, for €1,120,000,  a 1967 Lamborghini Miura P400 at €426,600, a 1962 Mercedes-Benz 300SL Roadster for €1,114,400 and a 1962 Ferrari 400 Superamerica SWB Coupé Aerodinamico for €2,184,000.

Parking ticket issued every four seconds

UK traffic wardens issued a parking ticket every four seconds last year, dishing out a total of 7.8 million in fines and raking in a whopping £255 million from motorists. The figures, obtained through a series of freedom of information requests by Churchill Insurance, found that Westminster City Council issued the equivalent of more than four Penalty Charge Notices (PCNs) per resident in 2013, generating an income of £24 million for 455,000 fines. Parking wardens given ‘illegal’ bonus targets How to appeal a parking ticket Outside London, Cardiff issued the most fines at 57,000 – while North Somerset Council generated the most revenue at £2.25 million.

911 GT3 recall update: Porsche reportedly replacing all engines

Porsche recalled all 785 2014 GT3s on the road last month for an unexplained problem that could cause the engine to catch fire. The company told owners to stop driving the cars immediately. Two vehicles in Europe caught fire after engine damage occurred.