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Steve McQueen Porsche 911 hammers at $1.375 million during RM Monterey auction

Setting a world record for a Porsche 911 sold at auction, Steve McQueen's 1970 Porsche 911S went to a new owner for a cool $1.375 million during RM Auctions' Monterey event on Friday. The 911 wasn't just owned by McQueen; it also featured prominently at the beginning of the film Le Mans as the lead character, played by McQueen, drives through France reflecting on the realities of racing. Hagerty's Rob Sass and I checked out the car on Wednesday night at the RM Auctions preview.

Caterham Cars launches engineering business

Caterham Cars has created a separate engineering business, Caterham Technology and Innovation Ltd (CTI). It is one of the first moves since Team Lotus Enterprises took control of the company in April. Caterham Technology and Innovation will develop a new line of lightweight sports cars inspired by the Caterham Seven and draw on materials and knowledge gained from Team Lotus Formula One and the Caterham Air Asia Team in the GP2 Series.

New Lotus Elise in 2015

The 2015 Lotus Elise Of all the Lotus reveals today at the Paris Motor Show, the new Lotus Elise is perhaps the one most easily understood. After all, the current Lotus Elise has been with us for a decade and will be a rather long-in-the-tooth model by the time Lotus turns up with this replacement in 2015. Although the new Lotus Elise will be the closest to Colin Chapman’s vision of a real Lotus, it will be a bit on the pricey side, with prices starting at around £40k.