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Ferrari 250 GTO sells for $35 million

A Ferrari 250 GTO – once owned by Sir Stirling Moss – is reported to have sold for a record-breaking $35 million. The Ferrari 250 GTO is probably the most coveted car on the planet and is, therefore, one of the most expensive. Simple supply and demand dictates that when a product is reckoned to be the best there is and the supply is limited prices will rise.

McLaren MP4-12C named

The McLaren P11 has now been named - it will be the McLaren MP4-12C Update 9/9/09: McLaren has now released full details and pictures of the McLaren MP4-12C Update 10/0/09: Ron Dennis talks about the MP4-12c and McLaren Automotive’s future plans. But of course it’s about McLaren history, and more than a passing nod to its F1 heritage. The McLaren F1 cars are all dubbed MP4, but I think we’d prefer to have seen something like McLaren F2.

Maserati, Alfa Romeo SUVs could use Jeep Grand Cherokee platform

Chrysler and Fiat are exploring additional models, including Maserati and Alfa Romeo SUVs, derived from the new Jeep Grand Cherokee platform, Chrysler CEO Sergio Marchionne said Monday. The Grand Cherokee “architecture has legs. It's important for us to tap all of the hard work that has gone on inside Chrysler on the new Grand Cherokee,” Marchionne said during a conference call to discuss Chrysler's third-quarter earnings.