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Ferrari sold for record £22 million

A RARE FERRARI has been sold at auction for a record price of £22.84 million. One of just 39 models made and regarded as one of the greatest Ferraris, the 1962 Ferrari 250 GTO Berlinetta went under the hammer at Bonhams' auction in Carmel, California. A huge crowd watching the bidding broke into applause at the confirmation of the final price, which outdid the previous record for a car sold at auction.

Spyker signs deal with China's Hawtai Motor to raise funds for Saab

Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.

Is Lamborghini Urus the name for the Lambo SUV?

Is the Lamborghini SUV going to be the Urus? With the Beijing Motor Show starting next week – and the Lamborghini SUV due to debut – Chinese media claim it will get the Urus badge. We’ve had plenty to keep us amused with the new Lamborghini SUV, including a review of Lambo’s SUV from an American Lamborghini dealer who’d been to a private viewing.