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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.

London hogging too much transport investment

THE UNDERFUNDING of transport projects outside London in recent years "cannot be allowed to continue", says a report from MPs. Ministers must use the new funding arrangements for local projects to "ensure that there is a fairer allocation of funding", said the report from the House of Commons Transport Committee. "No area across our nation should be second class in relation to the allocation of transport infrastructure funds," the MPs said.

2013 Kia Sorento engine lineup revealed

Kia has revealed that the 2013 Sorento – which will debut at the Paris Motor Show next month – will get a choice of two diesel and one petrol engines. We’ve had two reveals of the 2013 Kia Sorento so far this year, the first for the 2013 US Sorento and the second for the 2013 Europe and UK Sorento, but no details on the engine lineup. But now, ahead of a debut at next month’s Paris Motor Show, the engine lineup for the 2013 Kia Sorento in Europe has been revealed.