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Indian kids joyride in Ferrari F430

Cars and kids. A lot more people out there have both when they should probably have neither, and this is apparent with this latest video coming out of India. While we can't say for sure who these kids and this car beautiful Ferrari F430 belong to, it's at least the worst display of adult supervision we've seen since last month when two Russian parents let their 8-year-old daughter drive an Audi on snow- and ice-slicked roads.
A young boy who can barely reach the pedals drives up and down the public road with an equally young passenger drive the Ferrari while two adults (Dad of the Year behind the camera?) record the whole event. It seems almost silly to point out, but neither of the juveniles appear to have their seat belts on, as well. As bad as this person's decision making skills are to let a kid drive a car under these conditions, though, his video recording abilities are even worse. Scroll down to check out the video for yourself.

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.

Multimillion-dollar Ferraris line up for Pebble Beach

Wherever high-value classic cars are being sold, you can bet that vintage Ferraris will be topping the list. Especially at Pebble Beach. And that's precisely the auction for which Gooding & Company has lined up a trio of multi-million-dollar examples. Arguably the most enticing (and sure to fetch the highest price) of them all is a classic red 1961 Ferrari 250 GT SWB California Spider, complete with the highly-coveted covered headlights – just like the one in Ferris Bueller's Day Off. Chassis number 3095 GT is one of just 37 made in this configuration. It's been fully documented and certified, but not restored. This is the first time this particular example will be offered in the United States, and Gooding expects it will fetch around $17 million - placing it at the high end of the Sports Car Market database of prices paid for 250s of any kind. Joining the California Spider is a striking 1957 Ferrari 410 Superamerica – the fastest road-going sports car of its time with a top speed in excess of 150 miles per hour. Painted in metallic grey with a contrasting dark red roof and red leather interior, this Series II coupe was purchased by Mohammad Reza Pahlavi, the last Shah of Iran. It went with his wife following their divorce, and was awarded first in class at Pebble Beach in 1978. It's projected to raise between five or six million in financial scholarships, potentially eclipsing any record for Superamericas to date. Finally, in what could be a footnote only in this rarefied company, is a 1965 Ferrari 500 Superfast that boasts similarly lofty provenance, having been delivered new to Prince Sadruddin Aga Khan. In stunning dark blue with red leather, chassis 6049 SA is anticipated to sell for over $3 million (over a million more than any Superfast yet) when the gavel drops at the Concours d'Elegance next month. Gooding & Company Announces Multiple Show-Stopping Ferraris Including a 1961 Ferrari 250 GT SWB California Spider to Headline Pebble Beach Auctions This quintessential open-air Ferrari is expected to set record-breaking numbers when it crosses the block this August SANTA MONICA, Calif. (July 14, 2015) – Gooding & Company, the official auction house of the Pebble Beach Concours d'Elegance®, is pleased to announce the addition of three unparalleled classic Ferraris to its sale in August – a 1961 250 GT SWB California Spider, a 1957 410 Superamerica Series II Coupe, and a 1965 500 Superfast.