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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.

Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.

Lambo man flies in to revamp Bentley design

Bentley is embarking on a new design era, steered by the man behind Lamborghini's stunning 21st century portfolio. Luc Donckerwolke, the Belgian who has held official positions at Audi, Bentley, Skoda, VW and Lamborghini, and worked in the background shaping the rest of VW Group's brands, is now getting down to business at Crewe. 'They told me: "You have to go to Bentley, move the brand forward and create a new design studio",' Donckerwolke told CAR in his first conversation since starting there five months ago.