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1960 Ferrari 250 GT sells for over $8 million in record-setting RM auction weekend

Although the vast majority of eyeballs were tuned to the madness at Barrett-Jackson this past weekend, that televised car auction wasn't the only high-dollar game in Arizona. RM Auctions brought its usual gaggle of exotic wares to the desert, and the car that came out on top sold for much more than Barrett-Jackson's highest sale, the Batmobile.
Coming out on top at RM last weekend was Lot 164, a 1960 Ferrari 250 GT SWB Berlinetta 'Competizione' that sold for a massive $8,140,000 - the buyer could've nearly bought two Barris Batmobiles for that chunk of change. Lot 122, a 1967 Shelby 427 'Semi-Competition' Cobra, stood at $2,007,500 in second place, just in front of Lot 145, a 1967 Ferrari 275 GTB/4, which sold for $1,842,500.
After all said and done, RM reported $36.4 million in sales. That's a record for RM in Arizona, even though the total number of lots for 2013 was reduced significantly. Eight machines cracked the million-dollar mark, and you can see all of them in the press release right down below or peruse all of the auction results here. But first, be sure to scroll through our high-res image gallery of live photos above.

FIA approves new F1 elimination qualifying rules

The FIA has confirmed the new regulations for Formula 1's elimination qualifying, after the rules cleared the final approval for introduction on Thursday. As Motorsport.com revealed, the F1 Commission unanimously approved changes to the sport's Sporting Regulations that will result in a tweak to the qualifying format from the season opening race in Australia. It came despite concerns that Ferrari could opt to block the change, amid its skepticism about the benefits of moving away from the previous qualifying format that had proved popular. With the changes approved, the new rules have now been declared official in changes to Article 33 of F1's Sporting Regulations. The new rules are: a) From 14.00 to 14.16 (Q1) all cars will be permitted on the track. Seven minutes after the start of the session the driver last in the classification will be eliminated and will no longer be timed, he must then return to the pit lane and may take no further part in the qualifying practice session. The same procedure will then apply after 8m30s, 10m0s, 11m30s, 13m0s and 14m30s leaving sixteen cars eligible to continue. At the end of the session all drivers on the track may complete the lap they are on and, once these final laps have been completed, the driver last in the classification may take no further part in the qualifying practice session. Lap times achieved by the fifteen remaining cars will then be deleted. b) From 14.24 to 14.39 (Q2) the fifteen remaining cars will be permitted on the track. Six minutes after the start of the session the driver last in the classification will be eliminated and will no longer be timed, he must then return to the pit lane and may take no further part in the qualifying practice session. The same procedure will then apply after 7m30s, 9m0s, 10m30s, 12m0s and 13m30s leaving nine cars eligible to continue. At the end of the session all drivers on the track may complete the lap they are on and, once these final laps have been completed, the driver last in the classification may take no further part in the qualifying practice session. Lap times achieved by the eight remaining cars will then be deleted. c) From 14.46 to 15.00 (Q3) the eight remaining cars will be permitted on the track. Five minutes after the start of the session the driver last in the classification will be eliminated and will no longer be timed, he must then return to the pit lane and may take no further part in the qualifying practice session.

Ferrari 458 M spotted, is there a turbo under there?

While it's still absolutely beautiful and a performance marvel (especially in Speciale trim), the Ferrari 458 Italia has to keep up with the rapidly evolving world in supercars if it wants to continue its success. Ferrari seems to know that it can't sit back and relax, because we're now seeing a disguised 458 testing for the second time.
Since we first saw it, rumor has emerged that it updated 458, reportedly called 458 M, may follow the lead of the recently revised California by using its turbocharged 3.9-liter V8 engine. The mill makes 553 horsepower and 557 pound-feet in that application, but those numbers clearly won't be enough for the Prancing Horse, because the standard 458 already makes more. Instead, Ferrari is expected to turn things up significantly to produce around 670hp, even more than the already gutsy Speciale.
Of course, to make the big change work, the 458 M must be able to ingest huge quantities of cool air to feed those turbos, and the camouflage on this test car is likely hiding the body changes to make that possible. Ferrari does a great job here of disguising things up front on this prototype, making it frustratingly hard to spot any changes.