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Ferrari 250 GTO #3851 GT disappoints at $38 million
Fri, 15 Aug 2014The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).
Monster Jam is totally rad
Thu, 15 May 2014To our 6-year-old selves, monster trucks really were the biggest, baddest things on four wheels, mechanized, city-block-sized demon machines that ate sedans and belched fire. The reality is that the trucks aren't that big when you get right up next to them -- certainly not the Caterpillar 797-sized car-obliterators we imagined years ago. They're probably around 12 feet high at most; given current trends, they'll be eclipsed by heavy-duty pickups in a design cycle or two.
Toyoda testimony: As automaker grew, safety suffered
Tue, 23 Feb 2010Toyota Motor Corp. president Akio Toyoda plans to tell lawmakers on Wednesday that the company regrettably chased growth at the expense of safety in recent years, and he will announce steps to improve Toyota's handling of customer complaints. Toyoda's written testimony to the House Oversight and Government Reform Committee says the automaker's priorities “became confused.” “We pursued growth over the speed at which we were able to develop our people and our organization,” Toyoda says.