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Sebastian Vettel risks losing F1 championship lead in Sunday's Italian Grand Prix

MONZA, Italy — Sebastian Vettel has been on the podium at Ferrari's home Italian Grand Prix for the past two years, but anything less than a win on Sunday could cost the German the lead in the Formula One championship points race. The Ferrari driver is only seven points clear of Lewis Hamilton, the difference between first and second place, with his Mercedes rival fresh from last weekend's pole-to-flag success in Belgium and 5-4 up on race wins. Hamilton won at Monza in 2014 and 2015 and was runner-up last year to now-retired teammate and eventual champion Nico Rosberg. The Briton has also been on pole at the "Pista Magica" for the past three years. But Ferrari has closed the gap, and Vettel can count on a wave of local support at the historic Milanese track where he took his first grand prix victory with Toro Rosso in 2008. "I think Monza is never a critical race for Ferrari. I think it's the nicest race," the four-times world champion told reporters ahead of a weekend that will also see his team celebrate their 70th anniversary. "We have a lot of support, so I'm really looking forward to it already." Vettel, with a new three-year contract signed only last weekend, won at Monza with Red Bull in 2011 and 2013 but has yet to do so in Ferrari red. If he does, he will become the first driver to win the race with three different teams since Britain's Stirling Moss in the 1950s. In 2015, Vettel's first season since switching to Ferrari, he finished second. Last year he was third. "We've been second, we've been third, so maybe we can get the last step on the podium that is missing," said the 30-year-old, adding that there was no reason for Ferrari to fear any circuit from now on. Hamilton will also have plenty of fans, with the locals respecting a true racer, and can make history with a record pole position after equaling Michael Schumacher's all-time tally of 68 in Belgium. The Mercedes driver knows he needs to make the most of the moment in the last European race of the season, with Ferrari likely to have the upper hand again once the action switches to Singapore. "Clearly we have not a bad car on the straights. I imagine it's going to be very, very close in the next race," he said after Spa. Red Bull, with Australian Daniel Ricciardo in his ancestral homeland and smiling following his third place in Belgium, will again be the best of the rest although Max Verstappen is likely to have grid penalties following his retirement in Spa.

Ferrari F12 Berlinetta auction raises $1.5M for Hurricane Sandy relief

Ferrari has managed to raise $1.5 million for victims of Hurricane Sandy during an auction in Austin, Texas for the very first F12 Berlinetta in the US. The funds will go to the American Red Cross and be earmarked for Hurricane Sandy relief. Ferrari started bidding on the F12 at $315,888, but the most powerful production model from the company fetched $1.125 million by the time the gavel fell through bids sourced both in person and over the phone. The company also managed to raise a further $345,000 in in-kind donations before the auction began, and donors gave an additional $50,000 during the event itself.
Ferrari debuted the F12 Berlinetta at the 2012 Pebble Beach Concours d'Elegance, and the company is set to deliver its first model to a US customer in the second quarter of 2013. The automaker reminds its fans that it is still possible to donate to the Hurricane Sandy relief fund by visiting a special Ferrari section of the American Red Cross page. You can take a closer look at the full press release below for more information.

Ferrari will increase production by 30% to 9,000 cars per year

After years of keeping production purposefully limited to guarantee exclusivity under the reins of Luca di Montezemolo, Ferrari is looking to seriously ramp up its numbers in the near future. A filing with the Securities and Exchange Commission indicates the iconic, Italian supercar maker intends to boost volume by 30 percent to reach around 9,000 vehicles annually by 2019, according to CNBC. Because Ferrari is already doing quite well financially, the extra sales would likely offer a serious boost to profits in the early years after its $10-billion initial public offering. Ferrari's filing also mentions growing demand in emerging markets and a larger "spending capacity" among wealthy buyers as reasons for growing the volume, according to CNBC. However, the company's execs intend to watch how the strategy works and ensure that the brand keeps an air of exclusivity. Sergio Marchionne initially promised to keep annual volume around 7,000 supercars last year. However after taking over as the Prancing Horse's chairman, he reportedly started considering pushing the numbers closer to 10,000. With Marchionne potentially becoming Ferrari CEO as well, the company's future is largely in his hands now. Under Marchioness plan, Ferrari plans to launch a new model each year through 2018. The Prancing Horse is reportedly developing a modular, aluminum space frame to underpin most of its future vehicles. The first to get it might be the next-gen California in 2017. Related Video: