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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.

Chevrolet to show small SUV at Paris

Chevrolet will debut the Trax, a small sport-utility vehicle, at the Paris motor show in September. The Trax uses General Motors' global small platform, shared by vehicles such as the Chevrolet Sonic. The Trax has seating for five people.

2012 Mercedes S Class to spawn a convertible

The n2012 Mercedes S Class will lose its top It’s probably a sign of increasing decrepitude as it seems only five minutes since Mercedes launched the current S Class, but already we’re talking about the 2012 Mercedes S Class – and it’s only a year away. As has always been the case with a new S-Class we can look forward to a raft of new innovations when the new S Class launches late next year; clever stuff that will eventually filter down to the cars of lesser mortals as the technology matures and the cost falls. And that clever stuff will be packaged up in a big saloon car – the normal S-Class – an even bigger car – the LWB S-Class – and a huge two door coupe – the Mercedes CL, which is expected to be renamed the S-Class Coupe when the new S-Class launches.