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1965 Shelby Daytona Cobra sells for $7.25 million at Monterey auction

The championship-winning 1965 Shelby Daytona Cobra Coupe CSX2601 sold for a record $7.25 million on Saturday at an auction in Monterey. The sale is believed to be a record for an American car at auction. Bob Bondurant drove it to victory in the 12 Heures du Reims--fittingly on the Fourth of July in 1965 to secure the FIA title.

Lexus LF-NX crossover concept stars at the 2013 Frankfurt Motor Show

It seems the wave of crossovers flooding the European car market is showing no signs of subsiding here at the 2013 Frankfurt Motor Show – this, the Lexus LF-NX crossover concept, is the latest small SUV to join the club. You’d have thought Toyota’s luxury arm would have created an upmarket off-roader to rival the Range Rover Evoque sooner than it has – well finally, Frankfurt 2013 marks the end of that wait.

£500m scheme introduced to boost electric car ownership

Newspress Deputy prime minister Nick Clegg is today launching a £500 million scheme to boost electric and hybrid car ownership in the UK.   Perks for electric car drivers The funding will provide extra perks to encourage more drivers to trade in their old, conventionally powered cars for electric or hybrid vehicles. Councils will be able to apply for funding if they come up with plans to encourage people to ditch their petrol and diesel cars – for example, by offering free parking to electric vehicles and giving them the right to drive in bus lanes.