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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.

Final 16 contestants in U.S. GT Academy to compete at Silverstone in June

The remaining 16 contestants in the U.S. GT Academy will head to England's Silverstone circuit for a weeklong boot camp in June, Sony Computer Entertainment America and Nissan North America said Wednesday. The GT Academy began with 53,000 registrants who competed for the opportunity to race for Nissan in an undisclosed event.

CDN-GM Interactive Design Contest 2013 is launched with Chevrolet design brief [w/Video]

The CDN-GM Interactive Design Contest is now open, so it's time to pick up your pencils, sketchbooks and tablets for the chance to win one of four three-month paid internships at one of GM's design studios.  Open to all full-time college or university students with at least one term left from across North America, this contest is a great chance to get noticed by one of the world's biggest carmakers and be used as a springboard for your car design career. You have until 1 November to submit your designs, but judges want to see your progress as well your final entry. They will be looking for proof of your thought process, project development and overall progress using customer and market research as well as inspiration and mood boards.