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ferrari1A Ferrari 250 Testa Rossa racing car is expected to set a record auction price of $15 million when it comes up for sale in the Italian city of Maranello in May, said the auto auctioneers RM Auctions.

The Testa Rossa is “the most significant and desirable Ferrari to be offered on the world’s auction stage,” said RM Auctions, which will be holding its May 17 “Ferrari Leggenda e Passione” sale in association with Sotheby’s.

The record price for any car at auction was set in May last year when the U.K. television and radio host Chris Evans paid 7 million euros ($10.9 million) …  More info


New Zealand: home to stunning vistas, bone-crushing rugby players, flightless birds, fine wines and — as of now — the world’s most far-flung supercar manufacturer.

So stand aside, Caparo, and take a break, Ariel, for here comes the Hulme CanAm supercar, a machine with the power to rival the fastest Ferrari, but which carries less weight than the lightest Ford Fiesta. It has a power-to-weight ratio that would make a Bugatti Veyron blush, and a look that exudes pure, undiluted menace. Best of all, it should be on sale here next year.

But before then, a short, swift step back in time…  More info




Tesla Motors Inc. CEO Elon Musk is a determined and optimistic man, even though his Silicon Valley firm is losing money. The electric car maker’s fourth chief has been held up by production delays but expects profitability by mid-year. Much of his hope rests on a $350 million check from the Department of Energy which Tesla may (or may not) get in four to five months…  More info


audir15concept_thumb preparation for the Le Mans 24 Hours on June 13/14, Audi Sport Team Joest is set to race its two new Audi R15 TDI sportscars in the 12-hour race at Sebring, Florida on March 21.

Successor to the undefeated Audi R10 TDI, the R15 TDI bears a range of significant technical improvements…  More info