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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).

Volkswagen wants Karmann

VW wants to buy Karmann Just like all the other specialist coachbuilders out there – Zagato, Pininfarina, etc – life has not been a bed of roses for a long time for Karmann. Once a great way for wealthy owners to ‘Customise’ their cars, the specialist coachbuilders have relied more and more on relationships with big car makers to survive. None more so than Karmann, whose hopes for survival rested on VW divvying up an order for electric cars.

Lamborghini Urus SUV concept at 2012 Beijing motor show

Lamborghini went official with the Urus concept car - the crossover from Sant'Agata - at the 2012 Beijing motor show. After the leaks last week, at last we can bring you the full official news and photos of the Urus SUV. It's a breathtaking design.