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'World's Most Expensive Car Crash' results in 10 charged [w/video]

Justice is slowly being served to those drivers who were involved in a 10-car pile up in Japan last year that saw eight Ferrari models, one Lamborghini and three Mercedes-Benz vehicles hauled off for scrap. As you may recall, the lead driver lost control of his machine, pin balling into those following behind and doing some $4 million in damage in the process. Now the 61-year-old lead driver and nine others have had their cases sent to prosecutors.
The group are currently being charged with suspicion of violating traffic laws. We'll take a moment to wait for the laughter to die down before continuing.
Prosecutors claim the drivers were exceeding the speed limit and not paying attention to the road when the incident happened. Six people were injured in the dust up, but everyone survived. The group was on their way to a supercar event in Hiroshima. Feel free to watch the original news reports below.

Ferrari rated world's most powerful brand ahead of Apple

Ferrari has nabbed the honor of becoming the world's most powerful brand from Apple. According to Brand Finance, the Italian automaker earned the highest rating among all brands on the Global 500 list despite being worth considerably less than its competition. But the ranking takes into account more than just a company's bottom line. Brand Finance also looks at margins, average revenue per customer and less tangible notions like brand affection and loyalty.
There's no disputing those latter two categories, and this year saw Ferrari enjoy the best financial results in the automaker's history. In 2012, the company's revenue jumped by eight percent to 2.43 billion euro thanks in part to a 4.5 percent increase in deliveries worldwide.
Meanwhile, Apple squeaked out ahead of Samsung to earn the top spot as the most valuable brand at $400 billion. You can check out the Brand Finance press release below for more information.

Le Mans-raced 1953 Ferrari 340/375 MM headed to auction

Vintage Ferrari models show up on the auction circuit all the time, but few can match this particular '53 340/375 MM Berlinetta Competizione in terms of historical significance. Not only did the machine compete in the 1953 24 Hours of Le Mans, but this particular model managed to finish in second place before being disqualified for taking on extra brake fluid during a stop. More importantly, a total of three Formula One world champions have driven this car in competition at events like the Spa 24 Hours, Pescara 12 Hours and the Circuit of Guadeloupe.
The coolest part for us? Umberto Maglioli managed to set a public road stage record with this machine during the Carrera Panamericana by averaging 138 miles per hour over 223 miles. The effort was good enough to land the team a sixth place finish overall, and the record still stands to this day for any road stage anywhere. The 340/375 MM Berlinetta Competizione is up for auction in restored condition at the RM Auction event in Paris this week. Check out the full press release below for more information.