2005 Ferrari 575 Superamerica on 2040-cars

Auto blog

Ferrari 250 GTO may have set new sale record at $52M

Records are made to be broken, and it seems that one may have just been snapped again. An Italian website is reporting that a Ferrari 250 GTO, owned by American collector Paul Pappalardo, recently sold for $52 million.
Now, this is far from confirmed - Pappalardo responded to questions about the sale saying, "I do not confirm these things, I have no comment about!" - and if it's a private sale, it's unlikely that we'll ever know the exact amount of the transaction. If that figure is correct, though, it easily eclipses the $35 million made in a 250 GTO sale in April of 2012, as well as the $27.5-million sale of a 1967 Ferrari 275 GTB/4 NART Spider sold at RM's Monterey auctions in August.
What makes a car that had 39 examples built more valuable than one that had only 10 units produced? Racing pedigree. The 250 GTO is a racing legend, with each car having a unique provenance that is more than enough to add some serious value. According to 0-100.it, the GTO in question, 5111GT, found its first owner in French racer and winner of the 1964 24 Hours of Le Mans, Jean Guichet, back in 1963. The Frenchman used the V12-powered racer to win the GT category of the Tour de France Automobile in that same year.

A Ferrari SUV? First you'll have to shoot Marchionne

Almost every car company has its own SUV in the range. Porsche added this kind of vehicle almost 15 years ago and it may have saved the company, Bentley decided to join this growing segment launching the Bentayga, and Jaguar is doing the same with the F-Pace. Everyone is trying to get the most from the growing Asian market (China especially) launching models very appreciated over there. But not Ferrari. This is what came out from an earnings call with the Ferrari CEO where analysts asked how he was thinking to reach the goal of selling 7,000 units/year, balancing the slump of 22% of the Chinese market: "I don't think it's going to recover this year," said Marchionne, "but we won't make an SUV. You have to shoot me first." Since the spin off from Fiat Chrysler Automobiles, Ferrari's share price has fallen and this news is not good for investors that expected high profit for 2016. Ferrari has a racing history, and SUVs are not to be part of this history any time soon; the image of the Prancing Horse would come out damaged from this choice and Marchionne seems to know it very well. Related Video: Image Credit: Ferrari Ferrari Crossover SUV Sergio Marchionne open road

Ferrari 458 M spotted, is there a turbo under there?

While it's still absolutely beautiful and a performance marvel (especially in Speciale trim), the Ferrari 458 Italia has to keep up with the rapidly evolving world in supercars if it wants to continue its success. Ferrari seems to know that it can't sit back and relax, because we're now seeing a disguised 458 testing for the second time.
Since we first saw it, rumor has emerged that it updated 458, reportedly called 458 M, may follow the lead of the recently revised California by using its turbocharged 3.9-liter V8 engine. The mill makes 553 horsepower and 557 pound-feet in that application, but those numbers clearly won't be enough for the Prancing Horse, because the standard 458 already makes more. Instead, Ferrari is expected to turn things up significantly to produce around 670hp, even more than the already gutsy Speciale.
Of course, to make the big change work, the 458 M must be able to ingest huge quantities of cool air to feed those turbos, and the camouflage on this test car is likely hiding the body changes to make that possible. Ferrari does a great job here of disguising things up front on this prototype, making it frustratingly hard to spot any changes.