First Pagani Huayra is sold for $2.3 million

Unveiled at this years Geneva Motor show, the exotic Pagani Huayra has been bought by an anonymous Middle Eastern buyer for $2.3 million, about twice its listed price.

The supercar was meant to be delivered to a different Middle Eastern purchaser after the motor show on March the 18th, but apparently suffered from cold feet. This was when the second buyer contacted Pagani, offering them $2.3 million, $1.17 million more than the original asking price! The Pagani Huayra is a 700-hop supercar powered by a Mercedes-BEns AMG 6.0L twin turbo V12 engine, with a maximum torque of 740lb-ft and a top speed of 23- mph.

2012 Ferrari California

Ferrari have released details on the new 2012 California model, which is to be unveiled at next months Geneva motor show. Ferrari revealed that the sports car will have more power, a lighter chassis and a new optional handling package.

New new model will be about 60lbs lighter and have an additional 30bhp.

Along with thew new upgrades, there will also be a wider choice of colours. Yet to be discovered is the new price - current models start at $192,000.