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Ferrari 250 GTO sells for $35 million

A Ferrari 250 GTO – once owned by Sir Stirling Moss – is reported to have sold for a record-breaking $35 million. The Ferrari 250 GTO is probably the most coveted car on the planet and is, therefore, one of the most expensive. Simple supply and demand dictates that when a product is reckoned to be the best there is and the supply is limited prices will rise.

Volkswagen Jetta Hybrid unveiled

Volkswagen Jetta Hybrid Volkswagen has revealed the VW Jetta Hybrid at the Detroit Auto Show, with a 1.4 litre turbo and electric motor promising 54mpg  and 168bhp. VW has revealed the Jetta Hybrid at the Detroit Motor Show which will, if nothing else, show the Americans that a small capacity – in thyis case a 1.4 litre TSI engine – can offer not just decent economy but also some reasonable performance. With the aid of a 20kW electric motor the Jetta Hybrid can muster 168bhp and scoot ro 60mph in around 9 seconds, but still offer 54mpg.

Bristol Cars goes Bust

Bristol Fighter - Bristol Cars are in Administration I know, you didn’t even know they still existed. They do, but for how much longer is anyone’s guess as Bristol Cars calls in the administrators. Which is a real shame; a proper, eccentric British car maker finding it impossible to make enough sales to pay the bills, when there seem to be enough batty billionaires to buy the worst atrocities the world’s pimpers can muster (much the same problem afflicted Overfinch).