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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).

Electric Porsche Cayenne – the eRuf Stormster

The Electric Cayenne eRuf We know that Porche will produce a hybrid Cayenne when the next generation Cayenne hits the roads next year (and may even churn one out in the current shape before that). And it’s always possible that they have in mind a full electric Cayenne. After all, even though the Cayenne is a far from lightweight beast it does have enough room to store a decent bank of batteries.

Karmann-Ghia Coupé redesigned by Brazilian students

The winners of the Karmann-Ghia Brazilian student competition to design a modern interpretation of its classic Volkswagen Karmann-Ghia Coupé have been revealed. Over almost 60 years the German-Italian company has become an important supplier of car bodies and tooling in Brazil, but the market has lacked a model carrying the Karmann-Ghia badge since the '70s. The original coupé, which inspired the contest, was launched in Brazil in 1962 and remained in the market for 10 years before it was replaced by the Volkswagen SP – considered the first car completely developed in the country.