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Ferrari Modulo catches fire driving through Monaco

Accidents happen when you drive a car. The one-off Ferrari Modulo concept is not immune to such a fate, as the spaceship of a car recently caught on fire while out driving. In fact, it's certainly far more likely for an untested concept car to experience more issues than any kind of a production car that's gone through years of testing and development. This particular incident was documented on Twitter by Scuderia Cameron Glickenhaus. Jim Glickenhaus and his team recently bought the Modulo concept with the intention of making it road-worthy. The car was originally shown at the 1970 Turin Motor Show. We've since seen videos of it driving around, but this last drive went all sorts of wrong. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. As Glickenhaus details in his tweets, the muffler was responsible for the blaze that damaged the rear of the vehicle. He says that an unnamed firm they're no longer involved with designed the muffler that caught fire. Glickenhaus was prepared for such an occurrence (it does have a Ferrari engine in there after all). Jokes aside, the onboard fire suppression system did its job and extinguished the fire shortly after it began, saving the rest of the car. Unfortunately, it didn't act fast enough to save it from some pretty nasty damage to the rear of the body. Glickenhaus was driving the car through downtown Monaco when the fire began, so we can assume there was an excessive amount of heat building up in there. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Surprisingly, Glickenhaus is continuing to drive about even after the fire. He tweeted a photo just an hour after the blaze showing the scarred Modulo charging up the mountains around Monaco. It's tough to trust a car right after a faulty design just caused it to catch fire, but who are we to doubt Glickenhaus? No plans for restoration were detailed yet, but we imagine the Glickenhaus team will have it looking like new as soon as it can. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. View 19 Photos

Ferrari to keep CEO Amedeo Felisa post spin-off

Ferrari is undergoing a big shakeup, and not just on the Formula One racing grid. It's just parted ways with its longtime chairman, is being spun off from the rest of the Fiat Chrysler Automobiles group and will soon launch its initial public offering on the stock market. But one thing it's not about to change at this point is its CEO. Speaking to journalists in Milan this past Friday, FCA chairman John Elkann said, "There will be no CEO change," indicating that the job of chief executive Amedeo Felisa is secure for at least a while longer. After two decades at Alfa Romeo, Felisa joined Ferrari back in 1990, was named general manager in 2006 and chief executive in 2008. In that capacity, he's always reported to company chairman Luca di Montezemolo, whose place was recently taken by Sergio Marchionne. It remains unclear, however, just how directly involved Marchionne will remain in the Prancing Horse marque, especially after the spin-off, and what that would mean for Felisa. In launching the IPO, Ferrari could institute a loyalty scheme that would award additional stake to the company's oldest and largest shareholders – which would only further entrench the holdings of the Agnelli family which Elkann heads and which stands to become the largest stakeholder in Ferrari after its separation from the rest of the group.

The 2017 Acura NSX will cost $156,000

Back in October, when our Editor-in-Chief Mike Austin drove the 2017 Acura NSX for the first time in the Bay Area and at Sonoma Raceway, we guessed that the hybrid supercar would start at around the $170,000 price point. We weren't that far off – it starts at $156,000, and tops out around $205,000. But now that we have a solid sense of what Acura thinks this car is worth, and we know what they benchmarked the NSX against, we can compare apples to apples. Let's be clear: we like this car. Austin described it as "makes you giggle" fast, everyday-comfortable, and chock full of impressive party tricks like seamless shifting – with only a few foibles, like numb steering, to spoil the illusion of perfection. Back to the benchmarked cars. Acura says the NSX will compete with the Audi R8, and was developed to compete with the now-superseded 458 Italia. Let's start with the 2017 R8 V10 Plus – pricing hasn't been released, and a direct Euro-to-USD conversion isn't the whole story, but it starts at the equivalent of $179,000 in Europe. For that, the R8 V10 Plus provides 610 horsepower, a seven-speed DCT, and a 3.2-second sprint to 60 mph. The 458's successor, the 488 GTB, should be more expensive than the $243,000 the old model started at, and provides 661 hp, a seven-speed dual-clutch, and a 0-60 time of around three seconds (official numbers haven't been released for acceleration). For less money than either of these cars, the NSX delivers ... less. Total system output is 573 hp. It has a slight edge in gear count, at nine speeds, and should beat the R8 to 60 mph. But there's no V10, let alone Ferrari's feral turbocharged V8. It'll be up to buyers to determine if the compromises involved are worth a few thousand dollars in savings, if no options are selected. It should also be noted that Acura describes this as its first "built-to-order" vehicle, but the limited external color options and interior schemes don't appear to be much different than the extent to which you can customize an Accord. The configurator goes live on February 25th, if you want to see for yourself. Lastly, in what now seems to be a necessary part of a new high-end car launch, Acura will auction off VIN 001, the first production NSX, at Barrett-Jackson in January. All proceeds from that auction will benefit two charities: the Pediatric Brain Tumor Foundation and Camp Southern Ground. Related Video: Acura Shares Details of Next-Generation Acura NSX Sales Plan - 2017 Acura NSX U.S.