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Ferrari 250 GTO sets new world record with £32 million sale

The Ferrari 250 GTO was already the most expensive car in the world ever sold: now, it has cemented its position as reports emerge of an example selling for a staggering £32 million ($50.3m). That’s an increase of almost 50% on the selling price of the former record-setting 250 GTO, an example built for Sir Stirling Moss and sold in 2012. The latest deal is a private transaction and both the identity of the new owner and the location of the car are being kept secret.

The Toyota FT-1 sure does look like the Bertone Mantide

We really liked the Toyota FT-1, which caught us off guard in the best possible way when it emerged at the Detroit auto show. In fact, we liked Toyota's “spiritual pace car” enough to call it the most fun new thing on the floor -- and we're hoping the automaker's execs take notice. Reader Dennis Liu certainly noticed the car, which seemed rather familiar to him: He feels that, coincidentally or not, it looks a lot like the Bertone Mantide.

April car sales in a nutshell: The year's 2nd-strongest month

Here are highlights from April's U.S. auto sales report: Industry rises 20 percent Overall U.S. sales rose 20 percent in April to 982,302 light vehicles, a gain of 162,610 over the same period a year ago.