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Ford GT Sells For a Record $11 million at RM's Monterey Auction

RM Auctions sold a 1968 Ford GT40 Gulf/Mirage coupe Friday night at its Monterey sale for $11 million, setting a record for the highest price paid for an American car at auction. The Friday sales showed once again a very strong market for cars selling at auction, according to statistics gathered by classic car insurance giant Hagerty. In comparing this year's sales to last year, the total number of cars sold in two days of auctions was down slightly while the total amount generated -- $67.5 million – is far greater, as is the average selling price.

Max Wolff to become Design Director at Lincoln

Ford's luxury nameplate, Lincoln, is set to welcome a new design director, the first dedicated design director for the brand. The role will be filled by former GM designer Max Wolff, who will head the design team in the new year.  Until Wolff's appointment, Peter Horbury and Moray Callum, Ford's Executive Director of Design, The Americas, oversaw Lincoln-Mercury designs – the two brands were paired before Ford decided to kill off Mercury earlier this year. While Gerry McGovern headed Lincoln-Mercury design for a brief period before becoming director of Advanced Design at Land Rover in 2004, Lincoln itself has never had a design director dedicated solely to the brand.  Wolff brings with him extensive global perspective and luxury design experience; his most recent role was with Cadillac, where he was head of exteriors.

Kia CUB concept

Kia gave its new CUB concept its official debut at this week's Seoul Auto Show. The B-segment five-door hatchback was designed at Kia's Namyang Design Center in Hwaseong, South Korea, under the direction of the carmaker's president and chief design officer Peter Schreyer and is less than 4 meters long. Developed as the latest study into Kia's B- and C-segment future models following last year's Trackster concept and the Provo concept unveiled earlier this month at the Geneva show, there are a number of design features taken from the 2007 Kia Kee 2+2 concept.