1990 Ferrari 348 Ts Targa Red/tan -- No Reserve on 2040-cars

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Ferrari celebrates at Hong Kong's Asia World Expo

More than 600 Ferrari models, representing every era of the famed automaker's production, celebrated 30 years of presence in Hong Kong with a gathering at the Asia World Expo this past weekend. The event marked the largest single gathering of Maranello's sports cars ever organized in China. The weekend culminated with Marc Gene, Scuderia Ferrari's test driver, unveiling the new 458 Speciale.
There are only about 1,700 Ferrari owners in China, and they boast an average age of just 35 years. The young clientele in the Asian market often take advantage of Ferrari's 'Tailor Made' bespoke program and they have a growing interest in racing. The automaker says that many will travel to the Mugello circuit in Italy to participate in the final event of the Asia Pacific series of the Ferrari Challenge in a couple weeks.
"I am pleased to be here to celebrate Ferrari's thirty years in Hong Kong, along with so many owners who share our passion and the search for excellence, exclusivity and innovation," said President Luca di Montezemolo. The video shows hundreds of Ferraris, in popular white, yellow and red, being arranged indoors to form the Bauhinia Blakeana, a five-pedal flower that is the characteristic symbol of Hong Kong. Apparently owners of the more exclusive Blu Scozia, Avio Met and Vinaccia colors were asked to park outside. Scroll down below for a video and press release detailing the event.

What is the fastest car in the world in 2024?

It wasn't that long ago that the notion of reaching 200 miles per hour in a car, on a road, seemed basically impossible. As you likely know by now, that time has passed. And once that threshold was crossed, the automotive world immediately began eying the next triple-digit benchmark: 300 miles per hour. It may have taken a little while, but the 300-mph line has been crossed, and some cars have moved well past that seemingly insane speed number. While some of these speeds have been achieved in simulations (including the fastest car listed below), there's little doubt that a driver with nerves of steel and a heavy right foot could indeed push several automobiles up to 300 miles per hour and beyond. Interestingly, it’s not just one car or automaker in the 300-mph club, as a handful of models have earned a place (sometimes claimed but not yet demonstrated) on the leaderboard. The fastest car in the world is: Koenigsegg Jesko Absolut (330 MPH) That title goes to the Koenigsegg Jesko Absolut, which recorded a staggering 330 mph top speed earlier in 2023. The carÂ’s twin-turbocharged 5.0-liter V8 lays down 1,600 horsepower and 1,106 pound-feet of torque, which plays a significant role in delivering that speed, but KoenigseggÂ’s engineers have given the car a lot more than mind-blowing power. The Jesko Absolut has a super-slippery 0.278 drag coefficient and a nine-speed transmission that shifts so quickly itÂ’s almost imperceptible. Koenigsegg calls it a Light Speed Transmission (LST), saying its shifts happen at almost light speed. While that might be a slight exaggeration, the gearbox is impressive, bringing several wet multi-disc clutches and a super lightweight construction. As Koenigsegg says, "the Jesko Absolut is destined to achieve higher, more extraordinary speeds than any Koenigsegg or any other fully homologated car before it." How expensive is the Koenigsegg Jesko Absolut? If you were reading that and wondering how much the fastest car in the world costs, the price tag is just another dizzying number on the Jesko Absolut's spec sheet. All 125 Absolut cars offered sold out at a price of almost $3 million. Of course, being able to afford the Koenigsegg is just the first step in realizing its full potential. There are very few places on the map that can support a 300-plus-mph speed run, and the locations that do are not conveniently located.

Ferrari Portofino revealed: Goodbye California, hello beautiful

The Ferrari California, in both turbo and non-turbo configurations, has been soldiering on for nearly a decade. With a base price of just over $200,000, it's the brand's entry-level model. Today, the automaker announced the car's replacement, the Ferrari Portofino. This will be the brand's entry-level GT car, slotting in below the top-dog 812 Superfast. It's both lighter and more powerful than the California T while still retaining the convertible hardtop bodystyle. The now-familiar 3.9-liter twin-turbocharged V8 rests under the Portofino's long hood. The engine sends 591 horsepower and 560 pound-feet of torque to the rear wheels through a seven-speed dual-clutch transmission. That's 39 more horsepower and 3 more pound-feet than the California T. A new engine map along with new pistons, connecting rods, intake and exhaust account for the boost. Ferrari's Variable Boost Management system limits torque in certain gears, only sending out what the wheels can handle. Ferrari says the Portofino will hit 62 mph in just 3.5 seconds, pressing along to a top speed of 199 mph. The Portofino makes use of the third generation of Ferrari's electronic rear differential. The car also comes with the F1-Trac traction control system. Combined with the Variable Boost Management, the Portofino should find adequate grip in most situations. A new generation of magnetorheological dampers helps improve ride and handling. Notably, the Portofino moves to electronically assisted power steering, following the same move in the 812 Superfast earlier this year. The car is longer, lower and wider than the outgoing model. The new chassis makes use of modern design and engineering techniques, shaving an unspecified amount of weight from the car. At 3,813 pounds, the California T is a bit of a pig. Any weight savings will be a good thing. Because the V8 sits behind the front axle, the Portofino's weight distribution is 46/54 percent front/rear. As expected, Ferrari has emphasized aerodynamic efficiency when crafting the Portofino's design. Overall, it looks like a slightly smaller 812 Superfast. If you like that car, you'll like the looks of the Portofino. The car is covered with small lips and intakes to help channel air in the most efficient and useful way possible. Look just to the side of the headlights or the deep cut that leads from the front wheels all the way along the door. The rear end does a much better job of hiding the convertible hardtop.