1985 Ferrari 308 Gtsi Quattrovalve on 2040-cars

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Toro Rosso switches back to Ferrari F1 power for 2016

Scuderia Toro Rosso will run once again under Ferrari power next season. The "other" Italian squad (and second Red Bull team) announced the switch back to Maranello power for 2016, ending its two-year sojourn with Renault, and returning to the engine supplier it used for seven years prior. And with it, the team has also confirmed its driver lineup for next season as well. The 2016 Formula One World Championship will see both Max Verstappen and Carlos Sainz return to drive the new Toro Rosso-Ferrari STR11, maintaining the same driver lineup as this past season but under new motivation. Both drivers debuted with the team last season in a complete shakeup of its roster after Jean-Eric Vergne was shown the door and Daniil Kvyat (like Daniel Ricciardo before him) was promoted to the Red Bull Racing team. In ten seasons on the grid, the team has only landed on the podium once, and that was with Sebastian Vettel's dramatic rain-soaked race victory at Monza in 2008. The fourth-place finishes that Verstappen impressively took in Hungary and Austin this year match the team's next-best results to date. Sainz managed to finish in the points in seven out of 19 grands prix this season, including a seventh-place finish in Austin. The team finished the season in seventh place – tying its second best results to date – ahead of Sauber and McLaren, but behind Lotus and Force India. The Austrian parent company bought the team formerly known as Minardi back in 2005, hitting the grid the next season under its current name and Cosworth power. The following season it switched to Ferrari engines before joining its big brother under Renault motivation for the past season. Because of the last-minute engine swap, the team will start the season using Ferrari's 2015 power units. Faenza's switch to Ferrari supply will leave Renault powering only two teams next season: the Lotus outfit that it is now bringing back in house, and Red Bull, which will run the French automaker's engines for at least one more season – albeit branded under the TAG Heuer name. Meanwhile the Prancing Horse marque will power a total of four teams next season, including its own, Toro Rosso, Sauber, and newcomer Haas. Mercedes will power three and Honda just the one. Scuderia Toro Rosso to feature a Ferrari power unit Scuderia Toro Rosso's 2016 challenger, the STR11, will feature a Ferrari power unit. It marks a return to the company that supplied engines to the team from 2007 to 2013.

1963 Ferrari 250 GTO sells for $70 million

The Ferrari 250 GTO is well-known as one of the most valuable cars on Earth, and quite rare with just 39 examples built. It's a reputation backed by incredible sale prices, one of the most recent being an auction record of $38 million at Bonhams' Monterey auction in 2014. Not all of them cross the auction block, and one reportedly was sold in a private sale for a stunning $70 million, thought to be the highest price ever paid for a car. The price and the sale was confirmed by Fox News after the news outlet talked to a Ferrari historian. It was reportedly sold to American businessman. The duPont Registry reported on the sale a little earlier, having learned of the sale in a forum, and notes that the buyer may have been David MacNeil, CEO of WeatherTech, the company that makes and sells various floor mats and cargo-area covers. MacNeil is a Ferrari collector and driver and may well show and drive the car in vintage races and rallies. Not only does this price exceed the last auction price, it exceeds the last rumored private sale price. Back in 2013, a 250 GTO reportedly sold for $52 million. That particular car shared some of the racing heritage of this new record setter, including a win in the Tour de France, a race that was commemorated in the name of the Ferrari F12 TdF. Related Video:

The 11 best scenes from the 2015 Goodwood Festival of Speed

Over the last three days, the Goodwood Estate has played home to the eponymous Festival of Speed. Thrown by the biggest gearhead in the British aristocracy – Charles Gordon-Lennox, the Earl of March and Kinrara – the Festival of Speed is essentially a tremendous, gasoline-fuelled party, complete with a very large lawn sculpture, that features the world's hottest, weirdest, fastest, and loudest race, production, and historic models. While there are quite literally dozens and dozens of videos from the event – not to mention the full-day replays (of which only day one is available, at present) – we've sifted through them to pluck away the very best. There's stuff from the official Goodwood YouTube channel, as well as several videos from automakers and other third-party channels, and it's all available below. 2015 Ford Mustang GT350R Looks Barely Controllable If you thought the highest-performance Ford Mustang would somehow get more tractable or civilized once it moved to an independent rear suspension, this video shows you have nothing to worry about. Watch as an unnamed driver wrestles the new Shelby GT350R and its flat-plane, 5.2-liter V8 up the hillclimb circuit. Even with the new suspension and sticky tires, this Mustang wants to go any direction but straight, especially following its launch. 2016 Ford Focus RS, Is Very Loud, Blue Ken Block makes his first appearance on our list. Before he steps into his Hoonicorn Mustang, though, the Gymkhana expert tackled the hill in the all-new Focus RS. The vicious bellow of the 2.3-liter, turbocharged four-cylinder is the star of this commentary-free video, although the gorgeous Nitrous Blue paint job is a nice accompaniment, as well. 1965 Ford Mustang Hoonicorn Runs Hill, Nearly Kills Lord March Mr. Block's two runs behind the wheel of the Hoonicorn were, unsurprisingly, very eventful. While one attempt goes off without a hitch, seeing the American rally driver slip and slide his way to the top of the hill while taking a short break for a donut, the other is slightly more dramatic. Block, along with Lord March in the passenger seat, carries a bit too aggressive an angle into a turn and nearly puts the NASCAR-powered Mustang into the hay bales. Check out the first video above, and the second one below. Kimi Raikkonen Makes Us Miss F1's V8 Era The latest Formula One cars have been maligned for the lackluster noise produced by the new 1.6-liter, turbocharged V6.