Jr Dragster Engine 11.90 Mcgee With Header And Shockwave Clutch on 2040-parts.com

One lap of the Web: $52 million Ferrari 250 GTO, Alfa Romeo Montreal for sale and more bizarro engines

-- Even as the hammer fell on Juan Manuel Fangio's $30 million Mercedes-Benz W196R, we knew that that car wasn't the most expensive one ever sold -- it was merely the most expensive car sold at auction. Other cars were reported to have traded for a bit more in private sales. But now we have word of a car that absolutely blows the sale price of Fangio's little Silver Arrow out of the water: a 1963 Ferrari 250 GTO that sold to an undisclosed buyer for $52 million.

Caterham Cars launches engineering business

Caterham Cars has created a separate engineering business, Caterham Technology and Innovation Ltd (CTI). It is one of the first moves since Team Lotus Enterprises took control of the company in April. Caterham Technology and Innovation will develop a new line of lightweight sports cars inspired by the Caterham Seven and draw on materials and knowledge gained from Team Lotus Formula One and the Caterham Air Asia Team in the GP2 Series.

2013 Mazda MX-5 Facelift on the way

A mildly revised Mazda MX-5 for 2013 will be launched later this year with a new nose and tweaks to the brakes and throttle systems. It’s probably a bit of an exaggeration to call the 2013 Mazda MX-5 a facelift. In truth, it’s only really getting a slightly modified nose.