2001 Ferrari 360 Spider Convertible 2-door 3.6l on 2040-cars

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Ferrari cuts Toronto lawyer a deal to replace his flooded California [w/video]

A Ferrari might be the last vehicle you'd want to be driving when streets are submerged in water, but Toronto lawyer Howard Levitt was unfortunate enough to be behind the wheel of his $200,000+ Ferrari California when the tunnel he was driving through started to fill up. It was July, when parts of the Canadian city were flooded, but he was determined to make his flight to a court appearance the next day. So Levitt abandoned his metallic blue supercar in the middle of the street and took a cab to the airport, the National Post reports.
The car subsequently was totaled, and the insurance company covered the damage, so after completing his court assignment (and a column for the Financial Post that was due the same day), Levitt began to search for a replacement for his California - driving his 1994 Dodge Viper in the meantime. He decided on a 2014 California in the same metallic blue to replace his 2010 model. When he approached Ferrari to put in an order, the Italian marque was waiting for him, having heard of his mishap. The company offered him a "very generous" deal on a 2014 model; an undisclosed amount less than the after-options retail price of around $300,000.
The new Ferrari is expected to be delivered to Levitt in November, and we can only hope another flood doesn't catch him off guard. We're not so sure Ferrari would offer him another "very generous" deal. Feel free to watch the short video below, despite its rather static nature, which we included to precisely show the sad fate of Levitt's fallen California.

Classic Ferrari locked away for decades inside Hollywood apartment

Finding a classic Ferrari or a Porsche locked away for decades inside a dusty barn is a story that, while not exactly common, is not unheard of. Finding a Ferrari parked inside a one-bedroom apartment in West Hollywood, California, is a totally different matter. That's exactly where the new owner of this Ferrari 250 GT PF Coupe found his new project. Petrolicious has the full story on how this half-restored car ended up locked away inside this unlikely tomb for the past 30 or so years. Needless to say, it wasn't easy getting a car inside an apartment that only has a single, standard-looking door. Despite sitting on jack stands with no engine, no wheels, and non-functional brakes, the car is in surprisingly good condition. The new owner is currently in the process of having the car restored to near original condition. Head over to Petrolicious for the full story and a wonderful set of photos. Related Video:

Ferrari seeks review of Canadian Grand Prix penalty decision

Ferrari has asked for a review of the stewards' decision that cost Sebastian Vettel victory in the Canadian Grand Prix, a team spokesperson said on Monday. Vettel finished first in the race in Montreal on June 9 but lost the win after a five-second time penalty for going off track and returning in what stewards deemed to be an unsafe fashion. Mercedes' Formula One championship leader Lewis Hamilton was declared the winner instead. Significant and relevant new evidence that was not available at the time is required for a team to submit a 'right of review' under article 14 of the governing FIA's International Sporting Code. The spokesperson said Ferrari, who last week dropped a planned protest against the penalty, had formally requested the review but gave no further details "due to the sensitivity of the matter." Stewards will now have sole discretion to determine whether such a significant and relevant new element existed, with their decision final. If the review is deemed admissible, a secondary hearing will be held. Mercedes has won all seven races so far this season, and the last nine in total, with Britain's five-time world champion Hamilton now 29 points clear of Finnish teammate Valtteri Bottas in the standings. Vettel, who was furious with a decision that caused an immediate controversy, is 62 points adrift of Hamilton. Formula One holds its eighth race of the 21 round season in the south of France this weekend at Le Castellet circuit, where the penalty is likely to remain a major talking point. The Williams team requested a right of review last season against a three-place grid penalty handed to Russian driver Sergey Sirotkin, arguing that significant and relevant new elements had emerged. Stewards unanimously rejected the move. Motorsports Ferrari Mercedes-Benz Racing Vehicles F1 Lewis Hamilton Sebastian Vettel