Automotive
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Ferrari Luce sells for record $40 million at charity auction
A one-off version of Ferrari’s first fully electric car, the Luce, has sold for $40 million at a charity auction, setting a record for the highest price ever paid for a new car at auction. The vehicle, known as “Chassis 0,” was sold by RM Sotheby’s during Monterey Car Week in California. It was the first production chassis of the Luce programme and had been specially configured through Ferrari’s Tailor Made personalisation division. The sale price far exceeded the auction’s presale estimate of more than $1.1 million. It also surpassed the previous record for a new car sold at auction, set by a Ferrari Daytona SP3 that fetched $26 million in the previous year.
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Dongfeng electric buses enter Nepal market with two variants
Chinese automobile manufacturer Dongfeng has entered Nepal’s electric bus market, with Aayam Intercontinental Pvt. Ltd., under the Himalayan Organization, launching two electric bus variants at the ongoing NAIMA Nepal Mobility Expo 2026. The company is offering the Dongfeng City EV and Long Range EV, priced at Rs. 11.45 million and Rs. 12.4 million, respectively. Customers booking either model during the expo will receive a discount of Rs. 500,000 from the listed price.