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Ferrari to debut new twin-turbo California in the spring

Ferrari hadn't made a turbocharged engine since the F40 ended its production cycle in 1992. But that all changed when it helped Maserati develop its new 3.8-liter twin-turbo V8. That turbo engine has so far been shoehorned into the Quattroporte, along with its 3.0-liter V6 cousin that also powers the smaller Ghibli. But soon it'll wear the Prancing Horse badge as further details emerge on the next-generation California.
Set to arrive in time for the spring (likely to be unveiled at the Geneva Motor Show in March), the new California will reportedly ditch its naturally-aspirated V8 in favor of a reworked version of the Quattroporte's twin-turbo unit, which at 523 horsepower and 479 pound-feet of torque is already considerably more muscular than the current California's 483 hp and 372 lb-ft.
The new California will likely be closely based on the outgoing model, but benefit from revised aluminum sheetmetal and an updated cabin with a new infotainment system - two areas in which the current model has scored low marks.

1962 Ferrari 250 GTO hits record $38 million sale at Bonhams' Monterey auction

This weekend's Pebble Beach Concours d'Elegrance brings together some of the rarest and most expensive automobiles in the world onto a tiny peninsula in California jutting out into the Pacific Ocean. But this year, there has been one vehicle on everyone's lips - a 1962 Ferrari 250 GTO. Bonhams put up this incredibly rare Prancing Horse at no reserve for its auction at the Quail Lodge, meaning it could have sold for just a dollar. It didn't though, this ex-Jo Schlesser owned Ferrari sold for a staggering $38.115 million. That makes it the most expensive car ever sold at auction, beating out Bonhams' sale of a Mercedes W196R last year for $29.65 million.
Ferrari only built 39 of these racers, and they have been million-dollar cars for years. One reportedly sold privately for $52 million last year, and one built for Stirling Moss went for $35 million privately in 2012.
While the spectacle of seeing a 250 GTO drive across the auction block with no reserve and then set a record price was certainly amazing, it wasn't the only rare Ferrari up for sale during the evening. Bonhams also handpicked some of the most collectible Ferraris in the world and brought them to the stage. The ten cars included 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 group of them sold for $65.945 million.

Race Recap: 2014 Canadian Grand Prix makes its money on the back end

Momentum. That was the word of the weekend at the last race in Monaco - Nico Rosberg retaking it, Williams getting reacquainted with it and Marussia tasting it for the first time, among other examples. That same, weighted term flew to Canada with the money circus known as Formula One, took all weekend to build and then walloped the front end of the field and the season on Sunday afternoon.
Rosberg carried his Monaco triumph into qualifying, putting his Mercedes AMG Petronas on pole ahead of teammate and reconciled friend Lewis Hamilton. Reigning World Champion Sebastian Vettel finally got the better of Daniel Ricciardo, lining up for Infiniti Red Bull Racing in third ahead of his teammate in sixth, split up by Valtteri Bottas and Felipe Massa in the Williams. Ferrari, having brought numerous aero updates for this race, didn't get the push it was really looking for, Fernando Alonso happy to get seventh ahead of Kimi Räikkönen, still troubled by his F14T, in tenth. Jean-Eric Vergne secured eighth for Toro Rosso, Jenson Button lining up ninth for a still-struggling McLaren.
When the lights went out, Mercedes, Williams and Marussia would all find out how quickly momentum can short circuit or disappear in a sparkly ball of high-speed contact, spilled fluids and tire barriers.