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Ferrari 250 GTO #3851 GT disappoints at $38 million

The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).

College Exhibition: IAAD - 'My First Renault'

Transportation Design students at Istituto d'Arte Applicata e Design (IAAD) in Turin presented the results of a Renault-sponsored project with the theme 'My First Renault' in July. The students were given a fairly open brief to design a personal vision of a Renault vehicle of the near future. In addition to an exhibition in Turin, selected project work was presented at the Renault Technocentre to the directors of Renault Design.

BMW to expand Mini lineup, looks at second assembly plant

BMW said it will increase Mini's model lineup to up to 10 vehicles while boosting the brand's production capacity in the U.K. and at a new contract manufacturing site, likely to be in the Netherlands. BMW will invest $388 million in its U.K.