A rare 1970s Porsche racecar just fetched $4 million at Bonhams’ sale in Monterey, setting a new world record for the most expensive Porsche ever sold at auction.

This stunning and historic open-top version of the legendary racer appeared and was immortalized in Steve McQueen’s movie, Le Mans.

The 1970 Porsche 917 Interserie Spyder goes from 0-60 mph in 2.3 seconds and a top speed of over 240mph.

Police in Switzerland said on monday they had seized a Swedish motorist’s $240,000 sports car after he was caught doing 290 kph on a Swiss motorway.

The 37-year-old Swedish citizen was driving a black Mercedes-Benz AMG SLS, which carries a 570-horsepower engine.

With a speed limit of 120 kph (70 mph), the driver swept by a permanent speed trap but was spotted by local police.

This lightweight, 650-kilogram F1-inspired car is a new limited edition offering from Lotus.

The Lotus Exos Type 125 will be produced in a series of just 25 units, with some published reports suggesting a million euro pricetag.

The car is built using a carbon fiber monocoque chassis and uses a wide front wing and a narrow rear one (just like the 2009 season F1 cars).

McLaren has confirmed its flagship London dealership will be based at One Hyde Park in Knightsbridge.

Strategically located between Harvey Nichols and Harrods, the landmark development is due to be completed at the end of the year.

Jardine Motors Group, McLaren Automotive’s London dealer, has secured the largest ground floor retail unit for a high-profile showroom.

Hassanal Bolkiah, Sultan of Brunei is the proud collector of what is undeniably the world’s most unique and gargantuan car collection.

The Sultan of Brunei’s collection of over 7,000 cars includes some of the fastest, most expensive and rarest motors on the planet.

According to the Daily Mirror, he owns 604 Rolls Royces, 574 Mercedes-Benzes, 452 Ferraris, 382 Bentleys, 209 BMWs, 179 Jaguars, 134 Koenigseggs, 21 Lamborghinis, 11 Aston Martins, and 1 SSC.

Mercedes-Benz Hong Kong have launched their flagship sports car SLS AMG in the city, making Hong Kong one of the first Asian markets to get the Gullwing super sports car within the first few weeks of its production.

The car is the first Mercedes automobile designed in-house by AMG and is described by Mercedes as a spiritual successor to the 300SL Gullwing.

In celebration of the launch of their new car, Mercedes-Benz Hong Kong held a ceremony on July 16th at the Hong Kong Convention and Exhibition Centre.