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BMW adds 3-series GT to 2014 lineup

The BMW 3-series family is growing, as the German automaker adds a GT, or Gran Turismo, model to its lineup. The car launches this summer as a 2014 model after a reveal at the Geneva motor show. The 3-series GT is 7.9 inches longer, has a 4.3-inch longer wheelbase and is 3.2 inches taller than the existing 3-series wagon.

Ford gets the 1965 Mustang ready for the racetrack

When a pair of 1965 Ford Mustangs served as pace cars for the 1964 Indianapolis 500, the car -- which had made its debut just a few weeks before -- was kicking off an exciting motorsports career that continues to this day. In the April 25, 1964, issue of Competition Press and Autoweek, we shared news (relayed to us by none other than Lee Iacocca) of the Mustang's racing ambitions. At the time, the competition schedule included the Midnight Sun road rally in Sweden, the Alpine rally in France and Spa-Sofia-Liege rally, which ran between Belgium and Yugoslavia.

Early Mercedes sells for £720,000

ONE OF the oldest surviving Mercedes cars has sold at auction for an astronomical fee. The Mercedes Simplex 28/32 HPs Phaeton eventually sold for £720,000 at the Coys auction house True Greats sale in London. Still in complete and roadworthy condition, the car was reported to be in superb, drivable condition before its sale, which was the first time it had been auctioned in its near-109-year life.