Most expensive new car ever: Bugatti sells for $19 million

The one-off luxury sports car “La Voiture Noire” — French for “The Black Car” — was sold $18.9 million (€16.7 million). (Reuters)
Updated 07 March 2019
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Most expensive new car ever: Bugatti sells for $19 million

  • The manufacturer unveiled it at the Geneva auto show this week
  • The identity of the buyer was not revealed

GENEVA: The most expensive new car ever sold is a one-off Bugatti luxury sports car that has gone for $18.9 million (€16.7 million).
“La Voiture Noire” — French for “The Black Car” — is a low-slung sports car with a huge 16-cylinder engine and Bugatti’s trademark front grille.
The manufacturer unveiled it at the Geneva auto show this week, and said Thursday that it had been sold at what it and industry experts said was a record price for a new car.
The identity of the buyer was not revealed, though the buzz surrounding the move will have burnished Bugatti’s image as a maker of luxury trophy cars.
Stephan Winkelmann, the president of Volkswagen-owned Bugatti, said: “The true form of luxury is individuality.”


Weinstein reaches deal to settle civil proceedings for $44 million: report

Updated 24 May 2019
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Weinstein reaches deal to settle civil proceedings for $44 million: report

  • The deal, which has not yet been signed, aims to cover all civil proceedings filed against the fallen Hollywood mogul
  • The settlement does not exempt Weinstein from the criminal proceedings brought against him for sexual assault

NEW YORK: Disgraced Hollywood producer Harvey Weinstein has reached a provisional $44 million settlement with alleged victims and creditors, the Wall Street Journal reported on Thursday.
The deal, which has not yet been signed, aims to cover all civil proceedings filed against the fallen Hollywood mogul, including those in Canada and the United Kingdom.
Weinstein’s spokesperson denied to comment.
The settlement does not exempt Weinstein from the criminal proceedings brought against him for sexual assault, for which he will go on trial in September.
Weinstein — a catalyst for the #MeToo anti-harassment movement — has been charged over the alleged assaults of two women and faces life in prison if he is convicted at the trial, which could last five weeks.
In addition to the alleged victims and creditors, the settlement covers the proceedings started by former New York state attorney general Eric Schneiderman, who has been succeeded by Letitia James.
The proceedings aim specifically to guarantee the alleged victims will be compensated.
James’s spokesperson also declined to comment.
The settlement amount will be paid out by insurance agencies, the Journal reported, several of which count The Weinstein Company, the production company Weinstein co-founded, among their clients.
Since October 2017, Weinstein — one of the most powerful men in Hollywood before a cascade of sexual misconduct allegations precipitated his downfall — has been accused of sexual harassment and assault by more than 80 women.
Among his accusers are prominent actresses such as Ashley Judd, Angelina Jolie and Salma Hayek.