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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.

Enormous Jaguar sculpture graces Goodwood

A 91-foot sculpture of the Jaguar E-type serves as a striking centerpiece for this year's Goodwood Festival of Speed in the United Kingdom. It took 10 days for a bridge-building company to install the 330,690-pound statue in front of the Goodwood House. That is the weight equivalent of 122 life-size copies of the Series 1 E-type.

Mercedes E63 AMG gets a tweak for 2011

The Mercedes E63 AMG gets a tweak or three for 2011 The Mercedes E63 AMG debuted at the New York Motor Show last year. Which even in car terms isn’t exactly an age ago. We can’t be sure, but there’s a fair chance that it’s also not much more than six months since the first E63s arrived in customers’ hands in the UK.