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Ferrari 250 GTO sets new world record with £32 million sale

The Ferrari 250 GTO was already the most expensive car in the world ever sold: now, it has cemented its position as reports emerge of an example selling for a staggering £32 million ($50.3m). That’s an increase of almost 50% on the selling price of the former record-setting 250 GTO, an example built for Sir Stirling Moss and sold in 2012. The latest deal is a private transaction and both the identity of the new owner and the location of the car are being kept secret.

CCS/GM E-Flex project

Cadillac V-Flex Evan Mai Evan Mai presented the Cadillac V-Flex, a mid-engine electric race car that uses GM's E-Flex platform in a new configuration and advances Cadillac's art & science design language.  The race inspired proportion and layout of the V-Flex draws heavily from Le Mans prototype and F1 cars. Power would come from an electric motor with a range extending internal combustion engine. The Li-ion battery placed in the bottom center of the vehicle could be swapped from underneath the car during pit stops. Aluminum heat sinks in the rear efficiently dissipate heat away from the motor and battery while performing as a rear spoiler.  The front grille serves to communicate the Cadillac design philosophy and also serves as a functional aerodynamic enhancement.

TVR to shut British factory

By Phil McNamara Motor Industry 18 October 2006 01:23 Sports car maker TVR announced today that its Blackpool factory will close, with the loss of 260 jobs. But the company vows that the brand will live on though, with production moving overseas. The workforce was told the news this morning (Wednesday 18).