Lucas Hazard Light Switch - New-old-stock on 2040-parts.com

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).

Video shows Chevrolet Camaro ZL1 lapping the N

General Motors has been in Germany, testing the most powerful Chevrolet Camaro ever produced. On Wednesday, the company said the Camaro ZL1 posted a lap time of 7 minutes, 41.27 seconds. The 2012 Camaro ZL1 ran around the 13-mile course a tick faster than the 2005 Porsche 911 GT3 and a tick slower than 911 Turbo S.

Hyundai to launch battery electric car in 2016

The Hyundai BlueOn EV (pictured) was Hyundai’s last electric car Back in 2011 it seemed that Hyundai was to concentrate on building hydrogen powered and hybrid cars as it looked to the future, but that seems to have changed. Back then, Hyundai Motors head of R&D - Yang Woong-Chul – said he believed BEVs (battery electric vehicles) had zero chance of replacing ICE cars because of their poor range, poor battery technology and high costs. But it seems Hyundai has had a rethink.