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Ferrari 250 GTO sets new world record with £32 million sale

The Ferrari 250 GTO was already the most expensive car in the world ever sold: now, it has cemented its position as reports emerge of an example selling for a staggering £32 million ($50.3m). That’s an increase of almost 50% on the selling price of the former record-setting 250 GTO, an example built for Sir Stirling Moss and sold in 2012. The latest deal is a private transaction and both the identity of the new owner and the location of the car are being kept secret.

Saab 9-2, just a pipe dream?

The Web is lit up today with stories of an upcoming Saab 9-2 because Spyker CEO and Saab owner Victor Muller evidently has sketched what he sees as a new small Saab. It could be a pipe dream, but Muller insists the Swedish automaker really wants it to happen. Muller has been quoted as calling it "a small car, a quirky car, a Saab in the truest sense of the word." Muller said the car would be a small front-drive hatch, a little bigger than a Mini.

Gilles Vidal on Peugeot's Design Direction

Peugeot's new 508 sedan and sport wagon unveiled in detail last week represent not only a new pair of family cars to compete against the likes of the Ford Mondeo and Opel/Vauxhall Insignia but the start of a new design direction for the brand. When asked whether he was going to kill off the brand's current low-down big and gapey grille graphic for something more subtle across its whole production range new director of style at Peugeot, Gilles Vidal exclusively told Car Design News: "Yes... definitely.