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1964 Ford GT40 prototype sells for $7M

Seven-figure Ferraris are not horribly rare. Heck, an eight-figure Ferrari isn't a rare occurrence. Between modern masterpieces like the Enzo and more classic offerings, cracking the million-dollar mark isn't a particularly tall order for the cars from Maranello. For a Ford, though, it's a big deal.
Now, this is not just some rare Mustang. This is a GT40, the car that Henry Ford II commissioned to whip Enzo Ferrari around a track in France. As far as the Le Mans-winning racers go, they don't get much rarer than this one. Sold at the Mecum Auctions in Houston, this is one of the prototypes, meaning it's one of the very first GT40s ever built. That makes its $7 million winning a bid, a record for on-air coverage of the auction, a pretty darn impressive figure.
You can watch the auction below, but first, take a look back at our original story on this rare Blue Oval.

Weekly Recap: Auto execs face life in prison for recall delays under proposed legislation

The stiff punishments are part of broader transportation legislation, but clearly McCaskill has automakers in her sights.
Missouri Senator Claire McCaskill threw down the gauntlet this week, proposing a bill that could send auto executives to prison for life if they were found to have delayed a recall. She also wants to eliminate the limit for fines for auto safety violations, which are currently capped at $35 million.

Shelby Baja 700 takes Ford F-150 SVT Raptor to the next level

The Ford F-150 SVT Raptor can be called many things, but "underpowered" is not one of them. Still, that's never going to deter a company like Shelby from taking the off-road monster even further. Pictured here is the Baja 700, an even more extreme take on the Blue Oval's outgoing performance off-roader. The legendary Ford tuner has fitted it with a new supercharger, throttle body, injectors, heat exchanger and Borla exhaust, boosting output to over 700 horsepower. Of course Carroll's boys didn't stop there, thoroughly reworking the suspension with 3-inch King coilovers, bypass rear shocks, Rogue Racing upper and lower control arms and more, fitted to 18-inch matte black wheels with BFGoodrich K02 off-road rubber. Naturally, it's got the requisite graphics and badging to go with it all, along with a skid plate and a reworked interior by Katzkin and a three-gauge dashboard pod. Only 50 examples will be made, each priced at $45,000 – over and above the price of the base vehicle, which sells for about the same. So you're looking at a good $90k for this monster truck, before auxiliary lighting and other options are taken into account. Related Video: