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John Lennon's Ferrari won't be sold

The John Lennon Ferrari, a blue 1965 "Quad Headlight" 330 GT 2+2, reported as serial number 06781GT, will not be offered for sale on Saturday as scheduled. Citing a case of "vendor's remorse," a Bonhams representative said this was a last-minute decision on the part of the seller. Lennon's Ferrari had garnered a good bit of publicity in the past few weeks.

McLaren P1: Paris 2012

The McLaren P1 – spiritual successor to the iconic McLaren F1 – has been publicly revealed at the 2012 Paris Motor Show. Still, we do have more details on the P1 concept that McLaren say will turn in to a production car in 2013 before it finds its way in to the garages of wealthy McLaren customers in 2014. The McLaren P1 is designed to be “…the best driver’s car in the world on road and track” according to McLaren, which is setting the bar a bit higher than high, and the concept P1 at Paris is – at least in terms of what we can see – 95 per cent of what the production model will be.

Cadillac to auction first '14 CTS V-Sport to charity

General Motors said Wednesday that it will be donating the first production model of the 2014 Cadillac CTS V-Sport to the SAE Foundation. The car will then be auctioned at Barrett-Jackson later this year with the proceeds going to the foundation's science, technology, engineering and mathematics student programs. The CTS V-Sport, or as Cadillac officially spells it, Vsport, was revealed earlier this year at the New York Auto Show.