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Lil Wayne's daughter gifted Ferrari GTO, BMW X4 for 16th birthday [w/video]

It must be nice to have ludicrously rich parents. Rapper Lil' Wayne's daughter Reginae recently celebrated her 16th birthday with a huge party in Atlanta. Where many teens would be overjoyed just to get a family hand-me-down for a first car, the rapper's daughter got two brand-new vehicles – a BMW X4 and a Ferrari 599 GTO. The X4 would certainly be extravagant by itself, but it's not totally without precedent. Anyone who watched even a snippet of MTV's old show My Super Sweet 16, probably saw a few vehicles that were just as expensive. However, the concept of any newly licensed teen behind the wheel of a Ferrari is absolutely terrifying to us. This one is even crazier, with 661 horsepower and a chassis capable of lapping Ferrari's Fiorano test track quicker than an Enzo. Of course, with just 599 built, Reginae could probably just park the coupe and let it appreciate enough to finance her next big party. The BMW is reportedly going to be her daily driver, anyway. According to TMZ, Reginae's mother and stepfather bought her the Ferrari with Lil' Wayne's blessing. They believe their daughter can handle the 599 GTO, which shows some serious – if misguided – trust. Check out the video below to see the cars and her party. Related Gallery 2015 BMW X4 View 55 Photos Related Gallery Ferrari 599 GTO View 15 Photos News Source: TMZ via YouTube BMW Ferrari Car Buying Ownership Videos ferrari 599 ferrari 599 gto

Ferrari unwraps radical new F12 TdF

The Ferrari F12 Berlinetta has never been in need of a performance boost, but Maranello has given it one just the same. Feast your eyes on the new F12 TdF. The latest Prancing Horse recalls the legendary Tour de France (for automobiles, not bicycles) that Ferrari dominated nine years running from 1956 through 1964 – and the elegant long-wheelbase 250 GT named in its honor. But the F12 TdF is much more about forward momentum than looking back. Power is up, weight is down, and everything's been tightened up, with new systems on board to keep it all together. For starters, the screaming 6.3-liter V12 from the existing F12 Berlinetta has been upgraded from 730 horsepower to 769. Torque has been increased from 509 pound-feet to 520. Although the engine will wail all the way up to 8,900 rpm, 80 percent of that torque is available as low as just 2,500 revs. Of course, Ferrari being Ferrari, it didn't just tinker with the engine and call it a day. It also returned the seven-speed dual-clutch transmissions to deliver upshifts 30 percent faster, downshifts 40 percent faster, and with ratios six percent shorter. The track is wider, the wheels larger, and the one-piece brakes are lifted out of the even more extreme LaFerrari. Ferrari has also fitted the TdF with a new Virtual Short Wheelbase system – Modenese for four-wheel steering – that sharpens turn-in, increases high-speed stability, and keeps the tail from spinning around to fast on the wider front tires. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. As you can see, the bodywork has been substantially redone as well, to be both lighter and more aerodynamically efficient. As a result, the TdF produces 87 percent more downforce than the stock Berlinetta. And thanks to its more extensive use of carbon fiber – not to mention the stripped-out cabin – the whole thing weighs a good 240 pounds less. The result of all these enhancements, Ferrari says, is a 0-62 time of just 2.9 seconds. Keep the throttle pegged (as you would most certainly be tempted to do) and it'll reach 124 miles per hour after 7.9 seconds, topping out at over 211 mph. It's also been clocked around the company's private, on-site Fiorano test track in 1 minute and 21 seconds, which is a good two seconds faster than the Berlinetta or the 488 GTB – and barely more than a second adrift of LaFerrari, the fastest road car ever to lap the circuit.

Marchionne wants Maserati to be FCA's new Ferrari

Fiat Chrysler Automobiles is gearing up to spin Ferrari, its most profitable brand, off into another company, and float its stock on the open market. That means it's going to need another profit-driver to generate income for the rest of the group. And according to its chief executive Sergio Marchionne, that mantle will soon be picked up by Maserati. FCA is betting big on Maserati, which has long stood as a niche marque with a limited array of models and low sales numbers. In addition to the recently introduced Ghibli and Quattroporte sedans – now crucially offered with diesels and all-wheel drive – Maserati is preparing to roll out the Levante crossover that promises to do for the Modenese marque what the Cayenne did for Porsche. Due in part to the success of its first crossover, Porsche turned itself from a niche sports car manufacturer into an immensely profitable automaker that was (nearly) capable of buying out the entire Volkswagen Group. Maserati's resurgence is part of a two-pronged assault FCA is plotting against its German rivals. Maserati will be charged with taking on the higher end of the Mercedes, BMW, and Audi ranges (from the E-Class, 5 Series and A6 upwards). Meanwhile, Alfa Romeo will go after the lower end of the luxury spectrum with the new Giulia (aimed at the C-Class, 3 Series and A4) and other models to follow. FCA aims to turn Maserati and Alfa Romeo (along with Jeep) into global brands, broadening the narrow geographical appeal they have held until now. In order to generate enough profit to support the rest of the group as Ferrari has, Maserati will need to find a way to increase its profit margins. Bloomberg reports that Ferraris command a 13-percent profit margin, and while the ten percent that Maseratis list for is still triple that of the FCA average, slow sales are forcing some dealers to offer deep incentives that cut significantly into that margin. Related Video: