This $38.5 million Ferrari tops the list of world’s most expensive classic cars

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A 1962 Ferrari 250 GTO is the most expensive car sold at auction Owning a piece of automobile history may give you more than the pleasure of driving around in olden style. Classic, usually luxury, cars, have fetched millions in … Read More

China’s Geely Buys Iconic British Luxury Automaker Lotus

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In another overseas acquisition for Chinese carmakers, prestige British car brand Lotus will soon be owned by China’s Geely. The Chinese auto giant also owns Sweden’s Volvo, and will assume ownership of Lotus from the brand’s current parent company, Malaysia’s … Read More

Ferrari’s brand power remains strong as it commercially expands: Brand Finance

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Italian automaker Ferrari is one of the few luxury brands to have increased production, and therefore revenue, without sacrificing its exclusivity, according to Brand Finance. Ferrari improved by three points this year brand strength as referenced by Brand Finance’s rankings. The … Read More

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