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The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

Consumer Electronics Show: Rockin' the Electron in Las Vegas

The average passenger car sold in the United States has about 100 cubic feet of interior volume. That's a lot of room for electrons. At this week's Consumer Electronics Show in Las Vegas, there will be almost no end of new things to do with those electrons, from entertaining occupants to informing them, and many of those new things will be aimed at the automotive market.

Jaguar XE Roadster WILL get 3.0 litre diesel

This Jaguar XE is running a 3.0 litre diesel lump Earlier today we ran an update on the ongoing speculation on Jaguar’s small sports car, confirming that Jaguar will debut the Jaguar XE at Frankfurt in September. And now we can add to that by reporting that it WILL be getting the option of a 3.0 litre diesel lump when it goes on sale in 2012. We’ve speculated for some time that Jaguar will add the very good 3.0 litre TDV6 from the XJ and XF to the range of engines on the XK.