Saudi Arabia has emerged as one of the biggest shareholders in Pagani. The Middle Eastern country's sovereign wealth fund, which also has investments in McLaren and Lucid, has just bought a 30% stake in the maker of Zonda and Huayra supercars.
Lexus LFA prices continue to soar. Just a month after an example with a little more than delivery miles sold for 800 large, a rare LFA Nürburgring Edition has sold for $1.6 million at auction—outbidding a Mercedes-Benz 300SL gullwing, modern Ford GT, and Bugatti Veyron also present at the sale.
Michael Andretti is reportedly looking to acquire a Formula One team just as the sport expands its presence in the U.S. Interestingly, Michael and his father Mario have established a SPAC company, which they may intend to use to raise capital for the acquisition of the team.
You'll find these stories and more in today's car news, right here at Motor Authority.
Saudi Arabia buys 30% of Pagani
Rare Lexus LFA Nürburgring Edition sells for $1.6M at auction
Michael Andretti reportedly eyes F1 team
2022 GMC Terrain review
Toyota secures 4th-straight Le Mans victory
Genesis GV60 will be first EV to include wireless battery charging
Can synthetic fuels save the combustion engine?
Average new car price exceeds $41,000, hits record high
Jay Leno drives a Talbot-Lago that was lost for nearly 60 years
Electrify America connects Yosemite visitors with very fast EV charging