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Why Italians are no longer buying supercars

Italy is the wound that continues to drain blood from the body financial of Italian supercar and sports car makers. The wound was opened by the country's various financial police who decided to get serious about superyacht-owning and supercar-driving tax cheats a few years ago, by noting their registrations and checking their incomes. When it was found that a rather high percentage of exotic toy owners had claimed a rather low annual income - certain business owners were found to be declaring less income than their employees - the owners began dumping their cars and prospective buyers declined to buy.
Car and Driver has a piece on how the initiative is hitting the home market the hardest. Lamborghini sold 1,302 cars worldwide in 2010, 1,602 cars in 2011 and 2,083 cars in 2012 - an excellent surge in just two years. In Italy, however, it's all about the ebb: in 2010, the year that Italian police began scouring harbors, Lamborghini sold 96 cars in Italy, the next year it sold 72, last year it sold just 60. The declines for Maserati and Ferrari are even more pronounced.
Head over to CD for the full story and the numbers. What might be most incredible isn't the cause and effect, but where the blame is being placed. A year ago the chairman of Italy's Federauto accused the government of "terrorizing potential clients," this year Luca di Montezemolo says what's happening has created "a hostile environment for ­luxury goods." Life at the top, it ain't easy.

Sebastian Vettel wins the Singapore Grand Prix in Ferrari 1-2

SINGAPORE — Ferrari driver Sebastian Vettel took advantage of an early pit stop to win the Singapore Grand Prix on Sunday and end a 13-month winless streak in Formula One. Vettel, who started third on the grid, crossed the finish line 2.641 seconds ahead of Charles Leclerc — who was unhappy with team pit strategy — in a Ferrari 1-2. It was four-time F1 champion Vettel's first win since the 2018 Belgian Grand Prix. "Obviously the start of the season has been difficult for us but in recent weeks we started to come alive," Vettel said. "It's been incredible to get so much support from the fans and I tried to put it all into the track today and into the car and I'm glad it paid off." Red Bull's Max Verstappen was third while championship leader Lewis Hamilton was fourth. With six races remaining, Hamilton holds a 65-point lead over Mercedes teammate Valtteri Bottas, who finished fifth. The winner of each race gets 25 points. It was Vettel's fifth victory under the lights in Singapore and ended a 22-race winless streak. Leclerc started from pole and held the lead at the 3.1-mile (5-kilometer) Marina Bay street circuit until he pitted on the 21st lap of the night race. When Leclerc rejoined, he was behind Vettel, who had pitted a lap earlier. Leclerc made it clear over the team radio that he was not happy that Vettel pitted first and got the lead. Vettel said he received the call from his team to pit and it wasn't his decision. "It was a very late call," Vettel said. "I thought it was a bit early because I wasn't sure we can make the tires last in the second stint but, yeah, then I just gave it everything in the outlap because I saw the two cars in front of me not pitting, especially Lewis. I was then very surprised a lap later to come out ahead." Leclerc, who won the previous two races and appeared set for a third straight victory, was diplomatic later when asked about the pit strategy of Ferrari. "It's always difficult to lose a win like that but in the end it's a 1-2 for the team," Leclerc said. "We arrived here hoping for a podium and come back with a 1-2 so are extremely happy." During the race, Leclerc had a different take when he was told to save his engine 15 laps from the finish. His response to Ferrari included: "I just don't think it's fair, but I won't do anything stupid." Red Bull's Alexander Albon was in sixth place and Lando Norris finished seventh for McLaren, ahead of Toro Rosso's Pierre Gasly.

Ferrari California T is a topless turbo turismo

As expected, Ferrari has today officially pulled the covers off the latest version of its front-engined California grand tourer ahead of the car's impending live debut at the Geneva Motor Show. The headline news, again as expected, is a new 3.9-liter turbocharged V8 engine. Ferrari promises zero turbo lag from its innovative new engine, which is rated at 560 horsepower and 557 pound-feet of torque.
That's 70 more horses than the last California, which, coupled with its 49-percent increase in torque, allows the new California T to accelerate from 0-62 miles per hour in 3.6 seconds. Fuel mileage is improved by 15 percent, and emissions are down 20 percent. Also, for what it's worth, Ferrari promises "the most exhilarating soundtrack any turbo has ever yielded." Sounds pretty good to us...
There's plenty more of interest besides the new turbocharged engine, such as the retractable hardtop that turns the four-seater into a convertible in 14 seconds, improved steering response, reduced roll and pitch when cornering and carbon-ceramic brakes.