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Ferrari 488 GTB turbocharges its way towards Geneva debut

Automakers left, right and center are embracing turbochargers as the best way to get more power out of a smaller package, and that includes performance automakers like Ferrari. In line with the latest FIA regulations, the Prancing Horse marque turbocharges its Formula One single-seater, and followed the same route with the California T. And now it's done the same with the replacement for the 458 Italia. Dubbed the 488 GTB, Maranello's latest mid-engined V8 supercar arrives forty years after the debut of the 308 GTB that launched Ferrari into the segment. It packs a 3.9-liter turbocharged V8 offering up 661 horsepower and 560 pound-feet of torque. That represents a 64-horse increase over even the extreme 458 Speciale, and an even more impressive torque boost of 162 lb-ft, despite a decrease in displacement by approximately 600cc. (Ferrari isn't saying exactly how many turbochargers its new forced-induction engine carries, but we're likely looking at a pair of twin-scroll turbos.) The new engine is said to be enough to propel the new 488 GTB to 62 miles per hour in three seconds flat, to 124 mph in 8.3 seconds and on to a top speed in excess of 205 mph. And at 1 minute 23 seconds, the 488's lap time at Fiorano is also a good half second faster than the naturally aspirated Speciale and two seconds faster than the Italia. Ferrari says it dedicated significant efforts to keep the engine responsive and the exhaust note enthralling despite the introduction of forced induction – the first time a turbo has been used in mid-engined, eight-cylinder Prancing Horse, since the F40. Of course there's more to the 488 GTB than the turbocharged engine. It also features a revised Side Slip Control 2 (SSC2) system, working in tandem with the F1-Trac and E-Diff systems to keep the supercar on the razor's edge without sliding off of it. The revised bodywork also generates 50 percent more downforce – thanks in no small part to the active diffuser that necessitated moving the exhaust pipes upwards – and a more slippery shape than any production Ferrari yet. The interior has likewise been revised with new control clusters, air vents, instrument panel and infotainment system for optimized ease of use. The new Ferrari 488 GTB – shorthand for Gran Turismo Berlinetta – is set to debut at the Geneva Motor Show next month, but you can scope it out now in the high-res image gallery above and the full details in the press release below.

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.

Fangio's Ferrari 290 MM should top $28 million at auction

Of all the legendary pilots that have driven for the Scuderia over the years, few carry the kind of clout that did one Juan Manuel Fangio. A five-time world champion from another era, Fangio won a couple dozen grands prix and a fair few sports car races as well, driving for the likes of Mercedes, Alfa Romeo, Maserati, and of course Ferrari. What you see here is the car that Enzo's outfit built especially for Fangio. And now it's going up for auction, where it's anticipated – with good cause – to fetch big bucks. This 1956 Ferrari 290 MM – chassis number 0626 – was designed for Fangio to drive in the Mille Miglia. It would be the last time he would compete in the event, before being scrapped the following year. Victory in the thousand-mile race once again eluded the legendary Argentinian with a fourth-place finish, achieved single-handedly. But that wasn't the end of the story for 0626. It would go on to be raced by Phil Hill at the Nurburgring, by Alfonso de Portago at the Rouen Grand Prix, by Wolfgang von Trips at the start of his career with Ferrari, and won the Buenos Aires 1000 KM in 1957. Victories like those helped Ferrari clinch the manufacturer's title in both 1956 and '57, campaigns in which the 290 MM played an integral part. One (and arguably the best) of only four examples made, 0626 was never crashed during its decorated career. After its retirement from the Scuderia, it made its way through the hands of numerous collectors and racers on both sides of the Atlantic. It spent 34 years in the Mas du Clos collection of Pierre Bardinon before being acquired by its current owner, who in turn is now putting it up for auction. It will feature as part of RM Sotheby's upcoming Drive by Disruption sale in New York on December 10, where it is expected to sell for over $28 million. That would make it the most valuable car ever handled by the venerated auction house, outshining the 1967 Ferrari 275 GTB/4 NART Spider it sold at Monterey in 2013 for $27.5 million. Of course it's not the only lot consigned for the Manhattan event. It'll be joined by a spectacular blue 1955 Ferrari 500 Mondial that's expected to fetch around $6 million, as well as a 1962 Aston Martin DB4 GT Zagato (~$16m) and a Lamborghini Concept S (~$3m), to name just a few highlights on the horizon.