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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.

Dana Point concours celebrates 100 years of Alfas, drag-racing great Prudhomme

During its 28-year existence, what this year officially became known as the Dana Point Concours d'Elegance has been hampered by a series of name and residence changes comparable to another local institution, the reality-television show The Real Housewives of Orange County. If this year's event is any indication, stability and respectability have been achieved. For the last three years, the concours was staged on the rolling fairways of the Monarch Beach Golf Links at the ritzy St.

Aston Martin appoints Nissan's Andy Palmer as new CEO

By Tim Pollard Motor Industry 02 September 2014 09:14 Nissan product chief Andy Palmer, 51, has been appointed chief executive office of Aston Martin. A corporate spokeswoman at Aston Martin confirmed the news to CAR magazine ahead of an official announcement at 10.00am today. 'We are delighted he's joining us,' she said.