Could set a new world record

Gooding & Company has announced plans to auction a 1957 Ferrari 250 Testa Rossa prototype at this year's Pebble Beach Concours d'Elegance.

Based on the 290MM, the 250 TR originally debuted at the Nürburgring 1000km race where it finished in 10th. It would eventually enter competition at the Venezuelan Grand Prix and 1000km race of Buenos Aires, before being restored to its current condition.

Priced from ?14,490

Smart has unveiled the ForTwo PearlGrey special edition.

Available as a coupe or convertible, the model is distinguished by graphite metallic paint, a silver tridion safety cell and unique 15-inch alloy wheels.

The iQ gets an early launch in October on the West Coast and then becomes available in the rest of the US in early 2012

First revealed in New York earlier this year, Toyota USA has announced the market launch and pricing for the new 2012 Scion iQ.

Based on the global Toyota iQ, the Scion iQ comes with a 1.3 liter, four-cylinder unit delivering an output of 94 bhp (70 kW / 95 PS) and 89 lb-ft (121 Nm) of torque.