A one-off Ferrari on which we reported last month has been auctioned off for $1.77 million, including taxes.

The Ferrari 599 China was snapped up by an anonymous, silent auction participant based in Shanghai.

The one-off Fiorano was hand painted by Chinese artist Lu Hao with a pattern reminiscent of the sought-after Ge Liln porcelain of the Song Dynasty.

Lexus has officially reveiled its two-seat supercar — the LFA — at the Tokyo Motor Show which is expected to hit the road by early 2011.

The Lexus LFA is Lexus’s first true supercar and is built from scratch using no major parts sourced from other vehicles.

The LFA features a carbon fiber monocoque chassis with aluminum front and rear subframes providing perfect rigidity with little additional weight.

Lamborghini has produced a range of limited edition gift-boxed candles and ceramic baubles, inspired by its Gallardo LP 550-2 Valentino Balboni.

The color scheme for the gifts includes Blue Caelum and White Monocerus which are two of the eight colors the limited edition Gallardo is available in.

The Lamborghini 2009 Christmas gifts collection also includes 2010 wall and desk calendars, winter clothing and T-shirts.

To pay homage to the Ferrari F430, German tuners Novitec Rosso took a 430 Scuderia and made it into quite a beast.

With the help of Bi-compressor power output is increased to an impressive 747 horsepower (hence the name).

A special two-tone matte paint job, a host of interior modifications and new rolling stock mounted to an upgraded suspension round out the package.

General Motors has reached an agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery, the company announced Friday.

The price was not disclosed, but industry analysts had estimated that the Hummer division would sell for $150 million.

The deal would make Tengzhong the first Chinese company to sell vehicles in North America, though Hummer’s operations would remain in the United States.

Chinese artist Lu Hao signed a very cool edition of the Ferrari 599 GTB Fiorano model: 599 GTB Fiorano China Limited Edition.

This specially- designed supercar will be auctioned the 3rd of November at a special Gala Auction Event hosted by Ferrari in Beijing.