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1962 Ferrari 250 GTO Sells For $38 Million At Auction

A 1962 Ferrari 250 GTO became the most expensive car ever sold during an automotive auction Thursday night when a buyer paid $38 million for the vehicle at a Bonhams event. Only 39 of the racers were ever built, and it is a favorite among collectors. One reportedly sold for $52 million in a private sale. If true, it would be the most expensive car ever purchased. Another Ferrari GTO built for legendary racecar driver Stirling Moss sold for $35 million in 2012. Thursday's sale broke the auction record set at a Goodwood auction last year of a Mercedes W196R that was driven by Juan Manuel Fangio to wins in the 1954 German and Swiss Grand Prix races by $8 million. Pretty good for a car that went to the auction block with no reserve, meaning there was no minimum price set for the sale of the car, though bidding started at $11 million, according to the Los Angeles Times. The Ferrari 250 GTO was the star of the show, but it wasn't the only rare Ferrari on the auction block. Bonhams brought ten of the most collectable Ferraris in the world on stage, including a 1962 250 GT Short-Wheelbase Speciale Aerodinamica that went for $6.875 million, a 1953 250 Mille Miglia Berlinetta driven to racing victory by Phil Hill for $7.26 million and even a 1978 312 T3 Formula One car for $2.31 million. All told, the Ferraris sold for $65.945 million, according to Autoblog.

Race Recap: 2014 Australian Grand Prix quietly opens the new F1 era [spoilers]

The first chapter of the new Formula One era has been written with the conclusion of the Australian Grand Prix, and it included a rookie rush, some resurgent and some unsurprising performances, the sound of screeching tires and a couple of firsts.
Outside predictions as to the pace of the Mercedes AMG Petronas team were proved as soon as the Friday practice sessions, with Lewis Hamilton recovering from an engine sensor fault in the first session to top the second, followed by teammate Nico Rosberg. That didn't change come the start of qualifying, not even the rain slowing down the Silver Arrows, Hamilton taking pole as the last man across the line in Q3.
The surprises were in the order behind him, with new Infiniti Red Bull Racing man Daniel Ricciardo grabbing second spot just three-tenths of a second down on Hamilton. Ricciardo not only looked like he belonged at the front of the grid the entire weekend, but he seems to have reversed the Mark Webber jinx: four-time World Champion Sebastian Vettel had car issues and didn't get into Q3, having to settle for 13th on the grid.

Ferrari recalls 2016 California T

The Basics: Ferrari North America is recalling 304 units of the 2016 California T manufactured from September 8, 2015, to November 11, 2015. The Problem: The affected convertibles have a low pressure fuel line that may not connect properly to the fuel pump feed pipe because of an improper coating on the fuel pipe. A bad connection can lead to a fuel leak in the engine bay, increasing the risk of a fire. Injuries/Deaths: None reported. The Fix: Dealers will replace the low pressure fuel line assembly free of charge. If You Own One: The recall began on December 14, 2015 so you can contact your Ferrari dealership immediately for repair, or call Ferrari customer service at 1-201-816-2600. Related Video: Report Receipt Date: DEC 01, 2015NHTSA Campaign Number: 15V811000Component(s): FUEL SYSTEM, GASOLINEManufacturer: Ferrari North America, Inc.SUMMARY: Ferrari North America, Inc. (FNA) is recalling certain model year 2016 California T vehicles manufactured September 8, 2015, to November 11, 2015. The affected vehicles have a low pressure fuel line that may not connect properly to the fuel pump feed pipe.CONSEQUENCE: The improper low pressure fuel line connection can result in a fuel leak in the engine compartment which may increase the risk of a fire.REMEDY: FNA has notified owners, and dealers will replace the low pressure fuel line assembly, free of charge. The recall began on December 14, 2015. Owners may contact Ferrari customer service at 1-201-816-2600.NOTES: Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 FREE (TTY 1-800-424-9153 FREE), or go to www.safercar.gov.