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Hennessey twin-turbo Ferrari 458 boasts 738 hp, 0-60 in 2.8 seconds

Hennessey Performance Engineering, hot off the heels of its Bugatti Veyron-crushing Venom GT, set its sights on modifying one of the finer Ferrari models. The resulting HPE700 Twin Turbo 458 is a badder, faster 458 Italia with a twin-turbo upgrade that adds 168 horsepower to the already potent 4.5-liter V8. That's 738 hp, which, paired with the extra 134 pound-feet of torque, for a total of 532 lb-ft, is good for a 2.8-second 0-60 run.
Low-inertia ball-bearing turbochargers are used to boost the power, and an air-to-water intercooler makes sure the air surging into the combustion chambers is as cool and dense as possible. Twin wastegates and blow-off valves relieve extra boost pressure and, in addition to a new stainless-steel exhaust system, add some new noises to the 458's soundtrack. The V8 is boosted to a relatively mild 7 psi maximum and maintains 6 psi on its way up to redline. A reflash of the engine control unit brings the package together. HPE is confident enough about its wares that the $59,995 upgrade also comes with a one-year/12,000-mile warranty.
The HPE700 Twin Turbo 458 is set to be unveiled on Friday at the Concorso Italiano located at the Laguna Seca Golf Ranch, which is part of California's Monterey Car Week festivities. It also can be viewed on Saturday in the paddock at Mazda Raceway Laguna Seca for the Monterey Historics Rolex Monterey Motorsports Reunion vintage car races. Check out the press release below for the full details, as well as a video of the Ferrari in action.

LaFerrari XX may have lapped N?rburgring in 6:35

Enthusiasts around the world - ourselves included - have been anxiously awaiting the ultimate supercar showdown. After all, we seldom see three of the world's preeminent exotic automakers come out with such closely matched machinery in such close proximity as we have with the Porsche 918 Spyder, McLaren P1 and Ferrari LaFerrari. That showdown could occur on no better a playing field than the Nürburgring, but the automakers haven't exactly been playing ball.
Porsche set down a lap time of 6:57, staking its claim as the fastest street-legal production car ever to lap the vaunted Nordschleife. Rather than challenge Zuffenhausen head-on, though, McLaren has only said that the P1 has clocked a time of under seven minutes, and though Ferrari has been testing the new LaFerrari at the Ring, it hasn't released any official time at all. Maranello may, however, be preparing to announce an even faster time.
According to word we're receiving from across the pond, Ferrari has clocked a lap time of 6:35 - only it wasn't achieved in the road-going LaFerrari, but in the upcoming track-bound LaFerrari XX. That model, which was just confirmed and spied last week, will follow in the footsteps of the Enzo-based FXX and the 599XX, which itself recorded a lap time of 6:58 in 2010. Because it's not street-legal, it didn't contend for the same honors, and within a couple of months was pipped on the leaderboard for non-street-legal vehicles by the Pagani Zonda R by over ten seconds.

What next for Stefano Domenicali?

Ferrari is a team that's used to being on top. It does, after all, have more world championships to its name - 15 drivers' titles and 16 constructors' - than any other team in the history of Formula One racing. But despite having some of the best drivers and resources at its disposal, it hasn't won a championship in over five years. Someone had to take the blame for that, and that someone turned out to be Stefano Domenicali.
The team principal who took over after Jean Todt stepped back to focus first on the running of the entire company and then the FIA, Domenicali has presided over the driest spell in the team's history since Michael Schumacher and Ross Brawn arrived in the late 90s to bring Ferrari back to its winning form. Whether that ultimately proves to have been Domenicali's fault or not, the buck stopped on his desk and he resigned a couple of weeks ago, making way for Ferrari's North American chief Marco Mattiacci to take the reins. At least for now, anyway, as rumors circulate of a longer-term solution that could bring Ross Brawn back into the fold following his recent departure from Mercedes.
The big question now, however, is what Domenicali will do next. The latest intel suggests that he could leave four wheels behind but stay in the field of competitive sports to coach an Italian basketball team. The rumors are fueled by reports that Domenicali has been in touch with Giovanni Petrucci, head of the Federazione Italiana Pallacanestro - Italy's national basketball federation. The organization runs two professional basketball leagues within Italy as well as its national team that's won eight international championships, two gold, four silver and four bronze medals in the European league and two silver medals in the Olympics.