The going rate for vintage Ferraris seems to be at an all time high, as evidenced by the record sale of a 1961 Ferrari 250 GT California Spyder back in May and the incredible selection of million dollar Ferraris at the RM Auction in Monterey this year. All of those are easily topped, however, by the rumored sale of a Ferrari 250 GTO for an incredible $28.5 million. Not much is known about the actual sale, since many of the high-dollar Ferrari transactions are done through private parties and not necessarily through an auction house. However, the knowledgeable members at FerrariChat.com have it on authority that the sale did happen. If anything, it gave us a chance to put together a huge gallery of 250 GTO photos from various concours and vintage racing events.

6899 as the offshore drilling bill, but it also contains the plug-in tax credit that Toyota complained about yesterday, as well as a mandate that all gas stations offer an alternative fuel pump by 2018. The U.S. House of Representatives passed the bill today with a vote of 236 - 189, and the details of the plug-in tax credit are different than what Automotive News reported yesterday.

Kicking Tires reports that the tax credit would apply to any “new qualified plug-in electric drive motor vehicle” with a battery of at least 5 kWh. It would start at $3,000 and add $200 for every kilowatt hour over 5 up to a maximum of $5,000. The 2011 Chevy Volt is the only plug-in vehicle officially confirmed for sale so far, and with a 16kWh battery would max out the credit at $5,000. The bill also reveals that the plug-in tax credit would have an identical lifespan as currently available hybrid tax credits, which means the first 60,000 vehicles per company that meet the requirements would be eligible, and the credit would be reduced by 25% then 50% before being phased out. If passed into law, the plug-in tax credit would take effect after December 31st, 2008, though the first eligible vehicle won’t be available for another two years.

As for the section on mandatory alternative fuel pumps, it requires that every gas station owned by a major gas company have at least one alternative fuel pump by 2018. The bill specifies “alternative fuel” as natural gas, E85 or higher, biodiesel, renewable diesel or hydrogen. Any company not in compliance by 2018 would be fined $100,000 per station, though a $50,000 tax credit would be offered to stations that choose an E85 pump.

With moms now actually reading EPA fuel economy figures on the window sticker before trying out the dozen cup holders found in most modern minivans, Chrysler went back to the engineering lab and knocked out a few more miles per gallon for its 2009 minivan offerings. Bragging that no other minivan offers better fuel economy tha

With moms now actually reading EPA fuel economy figures on the window sticker before trying out the dozen cup holders found in most modern minivans, Chrysler went back to the engineering lab and knocked out a few more miles per gallon for its 2009 minivan offerings. Bragging that no other minivan offers better fuel economy than the 2009 Chrysler Town & Country and Dodge Grand Caravan, the automaker is boasting EPA figures of 17 city / 25 highway for the minivans when equipped with the automaker’s 4.0L six-cylinder engine and minivan-first 6-speed automatic. Considering that the original 1984 Chrysler Town and Country achieved 18 city / 21 highway with a 2.6L four-cylinder and three-speed transmission, we’ve clearly come a long way. To squeeze out the extra miles per gallon, Chrysler tweaked the large 4.0L V6 engine and then changed the ratios on the transmission. With a higher ratio first gear, and smaller steps between the new ratios, the minivans are quicker off the line and the engine doesn’t loose as much speed between shifts. The result is a fuel economy improvement of about 8 percent or about 2 mpg. Now, if the engineers could just do something about that minivan stigma…

n the 2009 Chrysler Town & Country and Dodge Grand Caravan, the automaker is boasting EPA figures of 17 city / 25 highway for the minivans when equipped with the automaker’s 4.0L six-cylinder engine and minivan-first 6-speed automatic. Considering that the original 1984 Chrysler Town and Country achieved 18 city / 21 highway with a 2.6L four-cylinder and three-speed transmission, we’ve clearly come a long way. To squeeze out the extra miles per gallon, Chrysler tweaked the large 4.0L V6 engine and then changed the ratios on the transmission. With a higher ratio first gear, and smaller steps between the new ratios, the minivans are quicker off the line and the engine doesn’t loose as much speed between shifts. The result is a fuel economy improvement of about 8 percent or about 2 mpg. Now, if the engineers could just do something about that minivan stigma…

Car buyers here in the States are clamoring for fuel efficient transportation, but so far the Saturn Astra hasn’t been on the top of buyers lists. The Astra is a smash hit in Europe and we liked it during its short stay in the Autoblog Garage, but it may just be too expensive compared to the competition with a starting price of $16,495. General Motors isn’t keeping the price high to make a profit on the small volume import, either. GM vice chairman and quote master Bob Lutz told Automotive News that the Belgian-made Astra isn’t profitable in the U.S. at all anymore due to the weak value of the Dollar vs. the Euro. The Astra has gone up in price by $500 since its introduction to reflect the broadening gap between the two currencies, and the price hike was implemented only to lessen the hit from the currency exchange. The Astra is not just a financial burden for the General – it isn’t exactly a sales success, either. GM has sold only 7,914 so far this year, which is far below the projected pace of 25,000 annual units. Part of the problem is that few people actually know the Astra exists, and those who do may not want to pay the relatively high price of entry.

Today is the day reservations become available for the Hyundai Genesis Coupe in Korea. To celebrate, Hyundai has released a new commercial which you can watch after the break. Those placing orders now should begin taking possession of their new two-door, rear-wheel drive coupe on September 26. Pricing for the new hotness from Hyundai is very reasonable for the Korean market with a base price of 25,360,000 WON (about U.S. $23,000). Stepping up to the “Stylish Pack” (seriously?) nets you 19-inch rims, a limited slip diff and optional Brembo’s for 26,920,000 WON (U.S. $24,500). Well worth it in our estimation. A loaded 3.8-liter V6 Genesis Coupe will go for 33,150,000 WON (U.S. $30,100), which buys you over 300-horsepower and a full leather interior.

Hit the jump for a full rundown of pricing and options for the Coupe in Korea. According to our tipster, the Genesis sedan with the 3.8-liter V6 is selling for about $70K in its home market. This being the case, it’s pretty hard to draw any conclusions as to what this means for U.S. Genesis Coupe pricing when it goes on sale sometime in 2009. We can hardly wait.

Audi gave up the details on the European-spec A3 earlier this year, but it took until today for it to disclose what changes will carry over to the U.S. model when the 2009 A3 goes on sale later this month.

A cursory inspection of the exterior and specs doesn’t reveal much, but dig a little deeper and the revisions become obvious. The fascia has been tweaked with a few cues from the recently revamped A4, including new LED daytime running lamps, and redesigned rollers fill the wheel wells, hiding Audi’s optional Magnetic Ride suspension system.

The five-door’s powertrain choices remain, with either a 2.0-liter turbocharged four or a 3.2-liter V6, and all-wheel-drive is finally available as an option on the 2.0T model. Previously, Audi’s hill-start assist was only available with the S-tronic dual-clutch transmission, but it’s now standard on models fitted with the six-speed manual.

Pricing has been set at $26,920 for the front-wheel-drive, six-speed manual model equipped with the 2.0T, while the top of the line 3.2-liter Quattro variant comes in at $36,975.

Despite the fact that capping the cost of gas didn’t work out so well for Chrysler in the U.S., General Motors’ Australian arm, Holden, is launching a new incentive that guarantees gas will be 99¢/liter for two years after your vehicle’s original date of purchase. The system works much like the one Chrysler used: buyers get a debit card that they use when filling up their tanks. That debit card will be tied to the purchasers bank account, which will be debited a few days later for the reduced rate, regardless of how much the fuel had actually cost. If all of this sounds a bit confusing, click here for the details from Holden. We’ve also pasted GM’s official press release after the break.

As we mentioned, a similar promotion wasn’t too successful for Chrysler. There are a few differences, though. Chrysler’s vehicles aren’t quite class-competitive while Holden’s generally are. There were also more fuel efficient vehicles to choose from in the U.S., thereby making the gas card savings a bit irrelevant. In Australia where the V8 is still king, that’s not really the case. Will this new scheme make Holden’s V8-powered, rear-wheel-drive vehicles sell quicker? We don’t know… but we’re positive that a similar deal could go a long way towards putting an Pontiac G8 GT in our own personal garages.

BMW made it official today, after we told you about it “unofficially” last week. As expected, the German automaker is raising prices across its model range an average of 2.1 percent for the 2009 model year due to “…significant structural and economic changes in the marketplace.” Regardless, the direct price increase of vehicle MSRP doesn’t tell the whole story. BMW has also increased pricing on popular options (the Sport Package is up $450 on the 335i sedan and coupe) and removed some standard features (the premium Logic 7 audio system is no longer standard on the 335i — now it’s an $875 option) driving the consumer’s cost even higher than it initially appears. If that isn’t bad enough news for those hoping to put a Roundel in their driveway, we are also hearing rumors that BMW’s latest lease residuals and money factors aren’t as sweet as they were over the summer.

Is it possible to buy a car that’s both inexpensive and ultra cool? Can a $22,000 Toyota Prius really get you the same respect from the valet as a $70,000 BMW? That’s what “Wired Magazine” wants to know, and they’re asking readers to decide which of five relatively cheap cars they would feel coolest driving.

So far, the most expensive of the bunch, the Prius, is in third place with only 18% of the vote. Behind it with 11% is an early-’90s Volvo and a 25-year-old Mercedes 300 SDL. In first place, with a big lead over a used Ford Mustang, is a 1995-1997 Jaguar XJ6.

Really? Those are the only choices we get? For the price of that 2005 V6 Mustang, you could get yourself a real tire-smoking, V8-powered 1966 Mustang. Sure it’ll need some paint, probably some fresh Bondo and maybe a transmission overhaul, but that builds character in both owner and car.

Or if you’re not into power, don’t even think about that wheezy Volvo. Go German instead, and get a classic VW Beetle. You’ll pay more than what that boxy sedan cost, but the cool factor of the Bug will more than make up for it.

So what say you, Autoblog fans? What cheap transportation would you choose for its cool-boosting properties? Or is “Wired” right on the money?