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1953 Ferrari 340/375 MM Pinin Farina Berlinetta ‘Competizione’ makes €9,856,000

It’s the annual  Concorso d’Eleganza Villa d’Este festival of supercars and classic cars this weekend, and poart of that is the RM Auctions sale at Vella Erba, on the banks of Lake Como, with a 1953 Ferrari 340/375 MM Pinin Farina Berlinetta ‘Competizione’ smashing the world auction record by fetching €9,865,000. The 375 MM is one of three works cars entered in the 1953 24 Hours of Le Mans and has a good history including 24 Hour of Spa, the Carrera Panamericana, and winning the 12 Hours of Pescara, has been driven by World Champions Hawthorn, Ascari, and Farina and won numerous awards at many events including Pebble Beach, Goodwood Revival and the Louis Vuitton Classic. But it wasn’t just the 375 MM that sold at a strong price, with other notable lots fetching good prices, such as a 1965 Ferrari 275 GTB, for €1,120,000,  a 1967 Lamborghini Miura P400 at €426,600, a 1962 Mercedes-Benz 300SL Roadster for €1,114,400 and a 1962 Ferrari 400 Superamerica SWB Coupé Aerodinamico for €2,184,000.

Ford to add 1,200 jobs at Chicago plant to build 2011 Explorer

Ford plans to add 1,200 jobs when it begins making the Explorer sport-utility vehicle later this year in Chicago. The announcement is expected Tuesday morning at the plant. Plans to bring the Explorer from Louisville, Ky., to the underutilized Chicago plant have been known for nearly a year.

2015 Hyundai Sonata shows off at the New York auto show

Hyundai dished more details about its redesigned 2015 Hyundai Sonata at the New York auto show, including plans to introduce a “Sport” trim level for the U.S. market to compete with the Toyota Camry SE and Honda Accord Sport. “We were actually able to do quite a lot,” to differentiate the sporty Sonata version and a couple more variations, said John Shon, product planning manager for Hyundai Motor America.