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RM Auctions sells 1963 Ferrari 250 GTO for reported $18 million

Filed under: Classics , Auctions , Ferrari 1963 Ferrari 250 GTO #4675GT – Click above for high-res image gallery Back in February we reported that RM Auctions was conducting a private treaty sale for a coveted 1963 Ferrari 250 GTO worth an estimated $16-20 million. This past week, the auction house announced that they had found a buyer for the car, but released limited details on the sale


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Casino valets give Ferrari F430 to wrong owner, let him drive away

Filed under: Government/Legal , Ferrari , Australia As if we needed another reason to steer clear of valets everywhere, a report from The Herald Sun claims that a casino in Australia has handed over an F430 to someone other than the owner. This week, professional poker player Van Marcus stopped into the Crown Casino with some friends for a little recreation



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Ferrari idling engine plants and laying off workers?

Filed under: Performance , Europe , Hirings/Firings/Layoffs , Plants/Manufacturing , Earnings/Financials , Ferrari , Luxury All is not well in Maranello. It would appear that the ripples of the global recession have finally reached mighty Ferrari . According to Bloomberg , the Italian supercar manufacturer has decided to cool production and send a healthy handful of workers packing amidst the announcement that production targets have been nearly halved for 2011.


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Ferrari CEO: Back to twin-turbo V8 for next-gen Enzo

Filed under: Performance , Ferrari What goes around comes around. Ferrari broke ground in the supercar sphere with the 288 GTO and F40, which both used twin-turbo V8 powertrains. The subsequent F50 and Enzo went with V12s, and the 599 ‘s mill was based off the Enzo’s





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Ferrari ‘forced’ to add hybrid, emissions concerns not ‘real’

Filed under: Hybrid , Performance , Government/Legal , Ferrari , Luxury , Racing Ferrari 599 HY-KERS – Click above for high-res image gallery By now, you’ve likely seen the various hybrid vehicles shown off by Ferrari , both for racing and for street-legal models in concept form. Purists might be more than a bit put off by the idea of a supposedly eco-friendly vehicle wearing the famed Prancing Horse badge, and it seems that Ferrari head Amadeo Felisa commiserates with them