A report from Bloomberg says that BMW will sell cars over the Web for the first time as the world’s largest maker of luxury vehicles seeks an inexpensive way to reach more buyers to recoup spending on its electric models.

The BMW i3 and i8 electric and hybrid cars that will launch in 2013, respectively 2014 would be the first to sell directly to customers over the Internet.

A 1962 Ferrari 250 GTO, valued at over $30 million, has been crashed in France in what reports suggest is the world’s most expensive car crash.

American businessman Christopher Cox, the Ferrari’s Owner/Driver smashed into another car last week during a trip to commemorate the model’s 50th anniversary.

The Italian godfather of car design, Sergio Pininfarina, renowned for crafting sleek Ferrari race cars and revolutionising the common auto, died in Turin on Tuesday.

Born in 1926 near Turin in the industrial north of the country, Pininfarina worked with top carmakers during his long career, designing the Ferrari Testarossa, Fiat 124 Spider, Fiat Dino and Maserati GranTurismo, among others.

The new Aston Martin V12 Vantage Roadster has leaked ahead of an official debut later this week.

The V12 Roadster gets the same engine and gearbox as the V12 Vantage Coupe which means the 6.0 litre V12 with 510bhp and a six-speed manual ‘box.

Differences to the coupe include a revised rear deck lid with a reshaped spoiler, redesigned front air intake and modified front and rear suspension.

Prince Albert II of Monaco is auctioning off part of the luxury car collection started by his father Prince Rainier III, with vehicles by Bentley, Panhard and Porsche among those up for sale.

Bentley is introducing a new performance flagship, its fastest production model ever, the Continental GT Speed coupe.

The new performance flagship packs 625 PS (616 bhp / 460 kW) at 6000rpm and 800 Nm (590 lb-ft) of torque from its 6.0-liter 48-valve, four-cam, twin turbocharged W12 engine.

With power transfered down to the pavement via a newly revised ZF eight-speed automatic transmission, the 0-60 mph sprint takes 4.0 seconds (0-100 km/h in 4.2s) and on to a top speed of 205 mph (329 km/h).