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RM Sotheby's 2015 Monterey auction sets records

RM Sotheby's wrapped up three days of beautiful cars crossing the block during Monterey Car Week with a company record of $172.7 million in vehicles sold. The first day's Pinnacle Portfolio collection alone brought in $75.4 million, a new high for a one-day, single-vendor auction. While nothing ever topped the $17.6 million 1964 Ferrari 250 LM, the hammer continued to fall on some very expensive vehicles each day. Expected to clear over $11 million, the sale of a 1956 Ferrari 250 GT Berlinetta Competizione 'Tour de France' easily managed that with a final price of $13.2 million. Multiple bidders on the phone and in the room desperately wanted this famous racer, and it drove the price up. To make this thoroughbred worth the lavish amount, the coupe won the 1956 Tour de France series of events and was among seven with this body by Scaglietti. Many of the top sellers came from the first night's Pinnacle Portfolio, but records continued to be broken over the weekend. Notably, a 1953 Jaguar C-Type Works Lightweight brought $13.2 million to make it the most expensive Jag ever at auction. Also among RM Sotheby's top sellers were a 1950 Ferrari 275S/340 America Barchetta at $7.975 million and a 1952 Jaguar XK120 Supersonic for $2,062,500. Take a look at a few of these special vehicles in the gallery above. HISTORIC FERRARI 250 GT 'TOUR DE FRANCE' LEADS THIRD NIGHT OF RECORD SALES AT RM SOTHEBY'S MONTEREY World's largest collector car auction house concludes three day event with more than $172.7 million in auction and post-auction sales MONTEREY, CALIFORNIA (August 15, 2015) - A historic 1956 Ferrari 250 GT Berlinetta Competizione 'Tour de France' set a new auction record for the model tonight, selling for an outstanding $13.2 million before another packed house at RM Sotheby's Monterey event. Spurring a lively bidding contest between multiple collectors in the room and on the telephones, the influential Ferrari is the actual car that instituted the 'Tour de France' nomenclature following its overall victory at that legendary race in 1956. The fifth of only seven Scaglietti-bodied first-series competition berlinettas, it was sold new to the Marquis Alfonso de Portago, the flamboyant and daring Spanish driver, who, joined by his close friend Ed Nelson, piloted to car to first place overall at the 1956 Tour de France Auto.

Weekly Recap: FCA hit with record fine as NHTSA crackdown continues

The National Highway Traffic Safety Administration slapped Fiat Chrysler Automobiles with a record fine this week that could reach $105 million. The punishment comes after NHTSA found problems with the automaker's execution of 23 recalls that affect more than 11 million vehicles. The consent agreement, announced Sunday, calls for FCA to pay a $70-million cash fine and requires the company to spend at least $20 million over a three-year period on industry outreach programs and to beef up old recall campaigns. Failure to comply will result in another $15-million fine. FCA also agreed to federal oversight, which includes an independent monitor to oversee the company's recalls. The $70-million cash fine equals a penalty NHTSA levied on Honda in January. "Fiat Chrysler's pattern of poor performance put millions of its customers and the driving public at risk," NHTSA administrator Mark Rosekind said in a statement. "This action will provide relief to owners of defective vehicles, will help improve recall performance throughout the auto industry, and gives Fiat Chrysler the opportunity to embrace a proactive safety culture." FCA called the deal a "consensual resolution," but admitted that it "failed to timely provide an effective remedy" during certain recalls. "We are intent on rebuilding our relationship with NHTSA and we embrace the role of public safety advocate," the company said in a statement. The announcement kicked off a busy week for the automaker. NHTSA agreed FCA did not need to recall 4.7 million vehicles after an investigation failed to find defects with a power module used in some Jeep, Dodge, and Ram vehicles. A Georgia judge also reduced a civil verdict involving a death in a Jeep Grand Cherokee crash. Amid all of that, the company reported net profit of about 333 million euros, or $364 million in the second quarter on Thursday. OTHER NEWS & NOTES FCA ramps up Hellcat production Despite a decidedly legal and financial week for FCA, there was still time for the performance side of the business to briefly grab the spotlight. The automaker is more than doubling its production of the Dodge Challenger and Charger SRT Hellcats in response to strong demand. The order bank opens the second week of August and production begins in September. FCA will finish up its scheduled 2015 model-year Hellcat builds, and cancel any "unscheduled" versions, though customers will get discounted pricing for 2016.

US Customs takes break from crushing Skylines, returns stolen Ferrari [UPDATE]

Update: A spokesperson from US Customs and Border Protection told Autoblog more details about the case. The thieves "completely removed the '81 VIN, and changed it to the '82 VIN," the spokesperson said. "The true VIN was identified through secondary numbers." US Customs and Border Protection often gets a bad rap among auto enthusiasts for the agency's propensity to crush fun cars, including Minis, Land Rovers, and Skyline GT-Rs. However, the group also sometimes finds stolen classic vehicles just before they leave the country. For example, officers recently recovered a stolen Ferrari nearly 30 years after the owner reported it stolen. The 308 GTSi was on its way to Poland from the Los Angeles/Long Beach Seaport on April 8th, but the officers found something fishy. This Ferrari was supposed to be a 1982 308 GTS, but running a check indicated that the coupe with that VIN left the US for Norway in 2005. "This VIN discrepancy is what 'raised a red flag' and prompted further scrutiny," CBP LA/LB Seaport Port Director Carlos Martel said in a statement. The CBP contacted the California Highway Patrol and the National Insurance Crime Bureau. A Ferrari expert eventually identified the car as a 1981 308 GTSi. Once the authorities obtained the correct VIN, the system listed the Ferrari as stolen from a consignment lot in Orange County, CA, on July 19, 1987. Unfortunately, the original owner doesn't get to enjoy having the Ferrari back. The Prancing Horse now belongs to the insurance company because it paid off the claim on the car decades ago. It might be worth trying to buy the Ferrari again, though. The red 308 GTSi still looks like a beauty in CBP's photo, and coupe has only covered 45,000 miles since 1981. Stolen 28 Years Ago, CBP Seizes Classic Red Hot Ferrari Release Date: April 14, 2016 "Red Flag" Prompts FEAR Team Scrutiny LOS ANGELES — U.S. Customs and Border Protection (CBP) officers at Los Angeles/Long Beach (LA/LB) Seaport complex intercepted and seized a red 1981 Ferrari 308 GTSi, destined to Poland, on April 8. It was stolen 28 years ago, has 45K miles and an estimated value of $50K. red 1981 Ferrari 308 GTSi seized by CBP CBP officers at LA/LB seaport seized this 1981 Ferrari 308 GTSi, destined to Poland. It was stolen 28 years ago. Falsely manifested as a "1982 Ferrari", analysis of its purported vehicle identification number (VIN) revealed that the VIN was previously used for a 1982 Ferrari 308 GTS exported in 2005, from the U.S.