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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 Tiguan

By Ben Whitworth Motor Shows 29 November 2006 09:42 Volkswagen Tiguan: the lowdown Volkswagen is going Freelander hunting with its new Golf-based Tiguan off-roader. Unveiled at the Los Angeles Motorshow this morning, Concept Tiguan gives a nine-tenths preview of what the production-ready Tiguan will look like when it arrives here in January 2008. It will initially arrive with a choice of front or all-wheel-drive, four engines – two petrol and two advanced ‘Clean TDI’ diesel units – and six-speed manual or DSG transmission.

Jaguar readying SUV for Frankfurt motor show

While the next new Jaguar model slated for dealerships is a BMW 3-series fighter rumored to be called the XS, Autoweek sources have confirmed the company will also be showing an SUV at the Frankfurt motor show in September. Likely to be named XQ or Q-type, the Jaguar SUV is expected to ride on a version of the XS platform (itself a variation on the aluminum XJ architecture) rather than share a platform with a Land Rover product. Slated for 2016 production, the new Jaguar XQ SUV will share some powertrain technology with Land Rover, specifically the Ford I-4 engines from the Evoque.