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The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

Ford-designed Santa’s sleigh

By Tim Pollard First Official Pictures 17 December 2008 14:30 Blue Oval designers at Dunton in Essex, UK, penned this trio of Ford-inspired sleighs to help fashion Santa’s just-in-time delivery system. It’s a job they’re familiar with, working on successive series of Transit vans in the past – and they’ve put their practical skills to good use on their Ford sleighs. These sledges are seen through the prism of Ford’s latest ‘kinetic design’ mantra.

Honda speeds up major changes to the Civic

Honda will bring out a significant mid-cycle change to its embattled Civic compact this fall, just 18 months after it launched, a high-ranking executive told dealers here. The move is a rush to improve the Civic in time for the 2013 model year. The Civic's cheapened interior and other reductions in content got a critical reviews from The Wall Street Journal, and Consumer Reports removed the model from its recommended list.