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Ferrari boss Montezemolo says his future is fast cars--and fast trains

Ferrari S.p.A. Chairman Luca Cordero di Montezemolo has pledged his future to the supercar brand, refuting speculation that he might quit to join Italy's government. “In my future I see fast cars and fast trains--and no politics,” Montezemolo told Automotive News Europe in an interview at Ferrari's headquarters here.

Lexus IS

Details and pictures of the new Lexus IS saloon have been revealed ahead of the car's full debut next week in Detroit. Previewed back in September at the Paris motor show with the LF-CC concept, the IS features the carmaker's signature spindle grille and L-shaped Daytime Running Lights (DRL). The IS also retains the prominent character line that rises from the lower body into the rear lamp clusters and also features another that runs underneath the windows.

World's most expensive Alfa Romeo sold at auction

The Alfa Romeo that was the brainchild of Mussolini has sold for nearly £6m at auction. The Italian dictator commissioned the Alfa Romeo 8C-35 to conquer Hitler's dominance of pre-war racing. Built in time for the 1935 Italian Grand Prix, the 8C-35 smashed the competition with racing star Tazio Nuvolari at the wheel and confirmed its fate as one of the most successful racing cars ever. At last weekend's Goodwood Revival, the 8C-35's place in the history books was confirmed as it became the most expensive Alfa Romeo ever to sell at auction. Selling for £5,937,500, the Alfa Romeo eclipsed the previous record of £4,245,118, held by a 1933 8C 2300 Monza, sold in 2010.