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BMW hires Ferrari chief engineer Fedeli

There's going to be a little bit more Prancing Horse in some future BMWs because the Bavarian brand is hiring Ferrari chief engineer Roberto Fedeli to join the company in November. Fedeli's new position is still somewhat of a mystery though, and he reportedly might be lending his talents to the high performance M division or possibly even Rolls-Royce. When asked by Automotive News Europe, BMW said that it "currently can't say what his role will be."
Regardless of his new job, Fedeli was a big get for BMW because of his strong résumé. He has been with Ferrari since 1988 and led the engineering for the famous Italian automaker's vehicles since 2007. Fedeli tendered his resignation in September at around the same time that chairman Luca di Montezemolo announced his decision to leave the company. However, Ferrari told ANE that there was no connection between the two events.

Classic Ferraris fight currency rates for bragging rights

Which is the most expensive car ever sold at auction? That should be a fairly straightforward question to answer, only it isn't. Due to currency fluctuations, we're actually dealing with two contenders, both of which have legitimate claims to the crown. The contenders are both classic Ferraris, each of them worth in excess of $30 million. In one corner is the 250 GTO sold at Pebble Beach in 2014 for $38 million. In the other is the 335 S sold in Paris just the other day for ˆ32 million. Resolving the bragging rights should come down to a simple matter of currency conversion, but the problem is that the rates don't stay constant. So the $38 million for which Bonhams sold the 250 GTO worked out to ˆ28 million at the exchange rates of the day. At that rate, the GTO was worth a good four million euros less than what the 335 S sold for, even though today's rates value the 335 S at "only" $35 million, or a good few million dollars short of the GTO. The answer, then, may be subject to which market you're in. But if you're looking for the tie-breaker, consider the British Pound: in Sterling, the 335 S sold for the equivalent of GBP24.7 million, which is more than the GBP22.8 million that the GTO's $38 million worked out to at the time – but less than the GBP26.5 million it would be worth today. And so we're back to where we started. But we're sure the confusion won't last (or be relevant) for too long, as there's bound to be another highly sought-after classic automobile on the auction block before too long. And it'll probably be another Ferrari. WORLD RECORD PRICE FOR A MOTOR CAR SOLD AT AUCTION* 32.1 Mˆ / 24.7 MGBP / 35.7 M$ INCLUDING PREMIUM LOT 170 • 1957 FERRARI 335 SPORT SCAGLIETTI DE 1957 • CHASSIS N°0674 FROM THE PIERRE BARDINON COLLECTION Lot 170. 1957 Ferrari 335 Sport Scaglietti • Chassis n°0674 • From the Pierre Bardinon Collection WORLD RECORD FOR A COLLECTORS' CAR AT AUCTION* Sold : 32,1 Mˆ / 24,7 MGBP / 35,7 M$ including premium (estimate : 28 – 32 Mˆ / 21,5 – 24,6 MGBP / 30 – 34 M$ ) *World record price for a car sold at auction, in euros and sterling. Previous record : 28,5 Mˆ / 38 M$, in 2014, in the US Paris – Friday 5 February 2016, shortly after 18h50, at the Retromobile Salon, Artcurial Motorcars, the collectors' car department at Artcurial achieved the world record for a car sold at auction, under the gavel of Maitre Herve Poulain.

Ferrari F12 gunning for GT-R's Nurburgring lap time?

Ferrari may not play the Nürburgring lap time game to the extent that Porsche, Nissan and Radical do, but it has been known to go for some lap times of its own. And now an F12 Berlinetta has been spotted lapping the Nordschleife in an apparent record attempt.
The F12 reportedly had the track all to itself for about an hour and a half, suggesting one of two possibilities: either Ferrari is testing an updated version, or it's going for a lap record with the existing version. While it's impossible to tell what may be going on under the sheetmetal, the communications equipment taped to the roof appear to be the only outward modifications, and would seem to indicate the latter more than the former.
In between warm-up and cool-down laps, the F12 reportedly lapped the circuit in 7 minutes and 48 seconds - which wouldn't be anything spectacular in and of itself, but that lap apparently included 40 seconds of cool-down between T13 and Hatzenbach, suggesting a possible 7:08 lap time. That's the time which Nissan recently recorded in the GT-R Nismo, indicating that Ferrari could be going for Godzilla's top time as the fastest front-engined, street-legal car ever to lap the 'Ring, ahead of the Dodge Viper ACR, Lexus LFA with the Nürburgring Package and Corvette ZR1 (but behind Ferrari's own track-bound 599XX, which clocked a 6:58 lap time four years ago).