Mercury Capri Shift Knob, Walnut Wood Nos, Amco, Cloisonné Emblem, New! on 2040-parts.com

Classic Ferrari becomes most expensive car ever sold in UK

This 1957 Ferrari 250 TR – or Testarossa – has just become the most expensive car ever sold in the UK outside of an auction. The exact figure paid is undisclosed, but is said to be in excess of the previous record-holder, a Ferrari 250 GTO that sold for £22.5 million in 2012. Yes folks, if you’ve got the cash, classic Ferraris are where it’s at in the investment world right now.

Ford Mondeo/Fusion unveiled at 2012 Detroit show

Ford unveiled its new 2013 Mondeo at the Detroit auto show - the new Mondeo is in fact now a Fusion in Euro drag. Under the One Ford rules, most major car projects are in fact global affairs, so the Mondeo follows in the footsteps of the Focus, also unveiled in Detroit two years ago and brought to Europe a year later. We'll have a similarly long wait for the Ford Fusion to make the leap to the European Mondeo, with a launch slated for spring 2013.

GM lobbyist Ferguson named global head of Cadillac

General Motors has appointed its chief lobbyist to the newly created post of global Cadillac chief, a step aimed at transforming the American luxury brand into a strong worldwide player. Robert Ferguson, 53, who has been GM's vice president of global public policy, becomes vice president of global Cadillac. He reports directly to GM CEO Dan Akerson, the company said today.