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1959 Ferrari 250 GT California sells for nearly $18M, exceeding expectations

RM Sotheby's just wrapped up its auction in New York, where it sold off a pair of gorgeous silver roadsters, with one of them selling for the incredible price of $17.99 million. That car was a 1959 Ferrari 250 GT LWB California that we covered previously, and Sotheby's was only expecting it to go for between $14 million and $17 million. Apparently someone felt the car's rare aluminum construction and racing history was worth the extra cash. View 11 Photos The other roadster went for considerably less money but was notable because of its previous owner, late Apple CEO Steve Jobs. The car is a 2000 BMW Z8 that the tech mogul had for around three years. The final sale price only met expectations, though, at $329,500. The original auction estimate was between $300,000 and $400,000. Related Video: Featured Gallery 1959 Ferrari 250 GT LWB California Spider Competizione by Scaglietti View 30 Photos Image Credit: Diana Varga courtesy of RM Sotheby's, RM Sotheby's Celebrities BMW Ferrari Auctions Convertible Racing Vehicles Performance Classics bmw z8 ferrari 250 gt california

Jonas wreaks havoc on auto industry

Many folks along the East Coast are still stuck at home from Winter Storm Jonas' brutal snowfall over the weekend, but the blizzard had some nasty temporary effects on the auto industry, too. Winter weather emergencies kept people from leaving the house, and that spelled trouble for factories and dealers. The terrible conditions in Washington, DC, even prevented the the Washington Auto Show from opening. General Motors, Toyota, and BMW had to close factories due to the weather. BMW cited concerns for its workers driving to the plant for canceling some Friday and Saturday shifts in Spartanburg, SC, according to Automotive News. Toyota closed its Georgetown, KY, factory on Friday, and GM shut down the second shift at its Bowling Green, KY, site for that day, too. Showrooms in the blizzard's path saw a massive drop in sales over the weekend because the customers weren't coming. Some affected dealers are now trying to make the best of a bad situation by offering potential buyers even deeper discounts to get them through the door, according to Automotive News. The piles of snow also mean hours of work for employees to clean off all the cars on the lot. The good news is that none of these issues should pose longterm problems. Weather reports don't show much snow for the East Coast in the coming days, which should allow the industry quickly to return to normal.

BMW swaps 30i and 40i models into 2017 2, 3, and 4 Series

BMW will continue its staggered rollout of new engines to many (but not all) of its products in 2017. The new modular engine architecture is the basis for three-, four-, and six-cylinder engines, some of which are already stuck in new Minis and a handful of BMWs. With those new engines come new (or in some cases resurrected) badges meant to connote the added power. They have the added benefit of further separating the last two numbers of the models from the actual displacement of the engines, which is always fun. BMW calls its latest 2.0-liter four-cylinder engine B48, and the new single-turbo six is the B58. The B48 cars get 30i suffixes and the B58s say 40i on the back. And if you really want to get down into code numerology: the B48 replaces the N20 four and the B58 supersedes the N55. Here's where they're headed next year: 2 Series: 230i and M240i For the small Bimmer, the 228i and M235i names are replaced by 230i and M240i models. In these applications, the four-cylinder makes 248 horsepower and 258 lb-ft of torque and the M-ish six makes 335 hp and 369 lb-ft of torque. The 2 gets other updates for 2017 as well. 3 Series: 330i sedan/wagon/Gran Turismo and 340i Gran Turismo For 2016, BMW put the 335-hp B58 six in the 3 Series sedan only. That engine spreads to the 340i Gran Turismo for 2017, and the N20 in the 328i is replaced by the B48 for 330i models in all body styles. There's still no six-cylinder wagon, and the 320i sedan keeps its N20 engine. Diesel sedans and wagons keep both the 328d name and the 2.0-liter four they had before. Trivia: The 330i name is being recycled – it was used on the E90 most recently. 4 Series: 430i and 440i Every 4 Series – including coupe, Gran Coupe, and convertible models – gets a new engine for 2017. Woo! And both engines will again be available with or without xDrive all-wheel drive. Woo. And no, that's not an official BMW photo above. The rest? BMW hasn't shared information on its 2017 crossover lineup, but we expect the X1, X3, X4, X5, and X6 will get new engines where applicable. And then there are the 30i and 40i models that already existed and won't be getting these new engines. The 330e iPerformance plug-in hybrid sedan already has the B48 four-cylinder. And the 540i, 640i, and 740i continue with a version of BMW's last-gen six. Got that all straight? Yeah, neither do we. And expect updates once the details on the 2017 crossovers are shared.