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Ferrari reports fewer sales, more profit to prove strategy is working

Ferrari's angle of emphasizing exclusivity by limiting deliveries is appearing to bear fruit. The company posted a 7.1-percent increase in revenues to 1.7 billion Euros ($2.2 billion at today's exchange rates) during the first half of 2013. Net profits, meanwhile, saw a jump of 20 percent to 116.2 million Euros ($153.5 million). The Prancing Horse delivered 3,767 cars, which, while an increase of 2.8 percent, represents a rate of growth that's slower than in the first quarter of 2013.
While Ferrari may be actively trying to slow its sales down to below 7,000 in 2013, it's seen increased numbers in the US, Great Britain and Germany, along with double-digit growth in the Middle East and Japan (39 percent and 28 percent, respectively).
The move to limit sales should have a greater impact on the numbers that come in later this year, which we told you about back in May. Ferrari's controversial move has already seen a drop in sales to China, which saw 50 fewer Prancing Horses than this time last year.

Petrolicious gets super Seventies in a Ferrari Dino 208 GT4

The Ferrari Dino 308 GT4 was the automaker's first sports car with a V8 mounted amidships, and that formula quickly became the Italian automaker's bread and butter. The 308 in the name denotes a 3.0-liter V8, but for the Italian market, where a tax was imposed on cars with engines larger than two liters, Ferrari decided to de-bore the V8 to avoid the tax. Thus the 2.0-liter Dino 208 GT4 was born, and New York resident Bradley Price likes his 1976 model just the way it is.
Price initially was attracted to the Bertone-styled wedge because it "fit into the whole aesthetic of the space age and of the boundless possibility of [the late 1960s and 1970s]," he says in the Petrolicious video, adding that the opening scene of the original The Italian Job struck a chord with him, and the feeling never left. With 170 horsepower on tap, the 208 isn't very quick, but, in his opinion, it has a sweeter song than the bigger V8 and the driver-centric interior is one of his favorites.
Watch Price snake the original wedge through some East Coast back roads in the video below, and, just for kicks, we've also included the opening sequence of The Italian Job.

LaFerrari design secrets explored at Ferrari museum

For every finished vehicle design we see, there are probably hundreds of drawings and models that have long since been discarded. Housed in its own room inside the Ferrari Museum in Maranello, the LaFerrari has a unique exhibit that shows off some of the car's design evolution, and Autocar caught up with Ferrari design director Flavio Manzoni for an even deeper look at what went into creating this hybrid supercar.
In addition to the final product, the LaFerrari exhibit also reveals some of the designs that didn't make the cut - two of which made it to the full-size scale model phase, though. The display shows off five different designs (three from Ferrari and two from Pininfarina) that were in the running to become the final LaFerrari.
The interview with Manzoni even adds in some juicy bits of info, including news that one of the potential LaFerrari designs has been locked away and could resurface as a special, one-off model. Manzoni gets in a couple of good quotes while voicing his opposition of the current retro design language currently being used by some automakers, as well. Check it all out in the video below.

Ferrari considering return to Le Mans racing in 2015

Rumors are swirling that Ferrari may be contemplating a return to Le Mans racing as soon as 2015. Germany's Auto Motor und Sport reports the Italian automaker may apply the development of a new 1.6-liter turbocharged V6 engine for Formula One to an LMP1 car for Le Mans, and have it ready for the 24 Hours of Le Mans in two years. This follows hints made by Scuderia Ferrari CEO Stefano Domenicali last month that the newly developed F1 engine could be used for "some interesting projects."
Ferrari has a history of success in Le Mans racing, though it hasn't won the big endurance outright since 1965. The image above captures the exact moment when the No. 21 car of Masten Gregory and Jochen Rindt crossed the finish line that year to win the race. That win was the last of six consecutive outright victories before the infamous arrival of the Ford GT40 in 1966. Despite never reaching the top of the podium again, Ferrari's nine wins still stand as the third most overall by a manufacturer behind Porsche (16) and Audi (11).
If Ferrari does return to Le Mans in 2015, the LMP1 class will suddenly be teaming with worthy competitors for Audi, which has dominated the race since 2000. After Peugeot's exit from the sport in early 2012, Toyota entered the race in 2012 and has continued to develop its TS030 Hybrid LMP1 car. Porsche, meanwhile, is well into developing a new LMP1 car that will first compete in next year's race.

Ferrari chairman ticked off by Alonso

Luca Cordero di Montezemolo does not strike us as the kind of person we'd want to cross. We imagine the Chairman of Ferrari as sort of like an automotive Don Corleone, a thought that is further confirmed when we hear about the aftermath of last weekend's Hungarian Grand Prix.
Fernando Alonso made some unsubstantiated remarks that have angered his team, with The Daily Mail reporting that when asked after the race what he wanted for his birthday, the Spaniard responded "Someone else's car." And while no one seems to know exactly what was said, it was enough to prompt a personal phone call from the boss of Ferrari on Alonso's birthday for a dressing down.
Montezemolo reminded Alonso that, "All the great champions who have driven for Ferrari have always been asked to put the interests of the team above their own. This is the moment to stay calm, avoid polemics and show humility and determination in making one's own contribution, standing alongside the team and its people both at the track and outside it."

Ferrari 458 with $1M wheels still hasn't found a buyer [w/video]

Rule number one of modifying a car: When it comes time to sell, people want to pay for the car, and could care less how much you spent in the aftermarket. This is a lesson that the guys at Latitude Wheels in Miami are currently learning.
The wheel company's "flagship show car," a 2011 Ferrari 458 Italia was put up for sale on eBay weeks ago, as reported by Jalopnik. The price? Just a shade under $1.3 million. For a 458 Italia. That normally starts around $230,000. Yeah.
Latitude justifies the car's price based on a very expensive set of wheels. To be exact, the 21-inch fronts and 22-inch rears are forged Vossen Precision Series wheels. Mounted on Pirelli rubber, Latitude claims the package is worth over $1 million. Add onto that the $20,000 in Novitec Rosso carbon fiber pieces - none of the fun, performance stuff Novitec is known for - and you come to an eBay starting price of $1,290,000.

Father's ultra-rare Ferrari to leave family for a good cause

It isn't every day that the rarest of Ferrari models change hands. In fact, you can count your fingers to get the number of 275 GTB/4*S N.A.R.T. Spyders that ever existed. The 1967 Ferrari you see here is one of those ten Spyders, and it has stayed in the same family since it was bought new.
The car was bought through Luigi Chinetti, Ferrari's US importer at the time, by the late Eddie Smith Sr., a Ferrari collector and businessman from North Carolina. Smith kept it - and kept driving it - until the day he died six years ago. Since then, this remarkable machine has been collecting dust. Smith's son, Eddie Smith Jr., spent some time with Petrolicious to give a history of the car and explain why he and his family are going to do the one thing his father never could: sell it. The catch? All of the money it earns on the auction block will be donated to charity.
"It'll be a bittersweet thing, because we know the fact that all the money is going to charities that he would approve of," Smith Jr. said about his father, and it "will really make him smile, because he loved to give back."

Ferrari still finalizing LaFerrari hardware? [w/videos]

McLaren, Ferrari and Lamborghini helped make this year's Geneva Motor Show one of the most exciting in recent memory, but the LaFerrari might be a little further away from production than its McLaren P1 hypercar rival. According to GTSprit.com, it sounds like Ferrari is still trying to hammer out the the car's details to ensure the lucky 499 souls laying down $1.5 million aren't left in the dust by a brightly colored McLaren.
While it's not clear what sort of things Ferrari is still working on, the continued development aspect is somewhat substantiated by the fact that the 949-horsepower hybrid supercar is still running around Italy wearing camouflage - albeit light camo. As proof of this, the site also found a pair of enthusiastic amateur spy videos that get some good rolling shots of the LaFerrari out testing. They also show how well the car can handle a roundabout. Both videos are posted below.

F1 driver underestimates talent needed for wet-weather burnout

Whoops. That's a word nobody wants to hear in racing, and that's especially true in Formula 1, where the cars cost untold millions to design, develop, build and operate. In other words, just about any 'whoops' is an expensive 'whoops.'
Kamui Kobayashi, who made his F1 debut in 2009 driving for Toyota, has always been known as a bit of a wild card in the sport. He is notoriously difficult to pass, driving as he does with seemingly reckless abandon, and he's not afraid to get tangled up with the world's best drivers in the world's fastest race cars.
That brash attitude sometimes serves him well. Other times... well, not so much. See what happens with Kobayashi tries to show off in a Ferrari F1 car for fans on a wet track in Moscow in the twin videos below.

Chevy ad compares Spark EV with Ferrari 458 Italia

Chevrolet's new commercial for the 2014 Spark EV emphasizes the little hatchback's performance over pretty much everything else, and it even goes as far as to compare it to a Ferrari 458 Italia. That's right, the electric bubble is pitched in the commercial as having a higher torque figure than the Ferrari - and it does, with a massive 400 pound-feet ready to be unleashed.
That doesn't translate into a quicker car, however, as the 458's V8 with 570 horsepower and not-exactly-quaint 398 lb-ft gives it a 0-60 time of 3.0 seconds compared to the Spark EV's 7.6-second run.
"We think the fun-to-drive element is an area for us to differentiate ourselves," Sam Basile, executive chief engineer for GM's global minicars and emerging-market vehicles, told Automotive News.