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The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

Skoda Vision D (2011) at 2011 Geneva motor show

Skoda hinted at a new model to fit between the Octavia and Fabia with the Vision D concept car at the 2011 Geneva motor show. Skoda is plotting a Focus rival to make up for the company's weird half sizes - its current offering, the Octavia, is in fact a half size up. But the Vision D is much more important than that.

Mercedes-Benz to attempt longest-ever powerslide

Mercedes-Benz aims to top the current world record for the longest-ever powerslide this weekend at the Brooklands circuit in Surrey in the United Kingdom. Mercedes driver Mauro Calo will spend about four minutes sliding either an E63 or a C63 AMG sedan in a 55-mph, third-gear drift. The goal is to rack up 10,000 feet (nearly two miles) sideways, obliterating the existing record of 8,000 feet.