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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.

Weekly Recap: Ferrari looks to reclaim old success with new manager

Clearly, Ferrari doesn't race for fourth place, and this week, major changes continued at the Scuderia. It was a rough year for Ferrari, and the Scuderia conducted its season-ending tests in Abu Dhabi this week with a view toward a fresh start in 2015 with new leaders and a new ace driver. Though plenty of other Formula One teams were disappointed with their finishes in 2014, Ferrari was perhaps the most eager to put this season in its rear-view mirror. The Scuderia finished a distant fourth in the Constructors standings with 216 points, well behind No. 1 Mercedes (701 points), and Ferrari failed to win a single race as the Silver Arrows dominated the grid. It was an especially bitter pill for a team that claims 16 Constructors championships and 15 Drivers titles – the most in history – and is the only surviving team from F1's first season, 1950. Clearly, Ferrari doesn't race for fourth place, and this week, major changes continued at the Scuderia. Ferrari named Philip Morris executive Maurizio Arrivabene as team principal. He replaced Marco Mattiacci, who held the job for only seven months after taking over for Stefano Domenicali, who resigned in April amid the Scuderia's early-season struggles. Phillip Morris (through its Marlboro brand) is a key Ferrari sponsor, and that played a role in Arrivabene's ascension. Still, he's no stranger to F1, and has been intimately involved in the Ferrari-Marlboro partnership. He also has served as the sponsors' representative on the FIA's F1 Commission since 2010. In a statement, new Ferrari chairman Sergio Marchionne said: "We decided to appoint Maurizio Arrivabene because, at this historic moment in time for the Scuderia and for Formula One, we need a person with a thorough understanding not just of Ferrari, but also of the governance mechanisms and requirements of the sport." Arrivabene's background is primarily in marketing and communication, and most recently he held the title of vice president of consumer channel strategy and event marketing for Philip Morris. He has been with the company since 1997. Arrivabene now leads a team that's rife with change. Marchionne took over in October when longtime boss Luca di Montezemolo quit in a disagreement about Ferrari's future, and the company itself will be spun off from parent Fiat Chrysler Automobiles in 2015.

Future Ferraris could be based off single, modular platform

Thanks to its imminent initial public offering, Ferrari sits at the precipice of being an independent sports-car maker for the first time in decades. With Sergio Marchionne still at the helm, expect the famous brand to push even harder to grow sales around the world. According to an investigation of the company's future by Automobile, the next-generation of Ferraris could ride on a shared, modular platform and embrace turbocharging even more. Modular underpinnings, like Volkswagen's MQB or Volvo's SPA, are hugely popular in the industry because they let automakers cut development time and share more parts among models. According to Automobile, Ferrari is prepping an aluminum space frame that could support front- and mid-engine models. The design would also allow electronics, suspension parts, and powertrains to be shared among the Prancing Horse's vehicles. The first Ferrari using this platform could be the next-gen California, which is predicted to launch around 2017. The more aggressively styled hardtop convertible could also have an entry-level version with a twin-turbo 2.9-liter V6, possibly shared with the Alfa Romeo Giulia Quadrifoglio. Contrary to previous rumors, Automobile reports that the Dino might not be getting this engine, but instead could pack a bespoke, 600-horsepower V6 behind the driver. The coupe would carry a price tag of around $200,000. Also, look for Ferraro to celebrate its 70th anniversary in 2017 with a car Automobile refers to as the LaFerrarina, because it would use the LaFerrari's platform for a grand-touring model. Related Video: