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Senior Editor Greg Migliore discusses Range Rover spy shots, Faraday Future's new executive hire, and the Chevy-Ford truck war. Ferrari Ford SUV Autoblog Minute Videos Original Video transportation faraday future marco mattiacci

Michael Schumacher's 2001 F1 car sells for $7.5m, nearly twice its estimate

Sotheby's auctioned one of Michael Schumacher's Formula 1 race cars this week, and it went for an impressive $7.5 million. When the auction house announced the car would be offered, it was estimating that it would go for around $4 million, making this a major success. The company also claims it's the most expensive modern era F1 car sold, though Sotheby's doesn't say what constitutes as "modern." It did sell for about twice what the last Schumacher F1 car sold through Sotheby's went for. That car was from the 2004 season and sold for just under $3.2 million. This particular car, an F2001 that, not surprisingly, was used during the 2001 F1 championship. It won two of the three races it participated in, and helped Schumacher win one of his 7 championships. It's in racing condition, and Ferrari will help with storage and transport for the car. The car's sale isn't just about a rich person getting a fancy collectable or toy though. Sotheby's notes that an undetermined portion of the proceeds will go to Michael Schumacher's charity, Keep Fighting. Among the charity's causes are road safety and head safety. The latter isn't surprising considering Schumacher's unfortunate skiing accident in 2013 that left him with a traumatic brain injury. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 2001 Ferrari F2001 Image Credit: Sotheby's Celebrities Motorsports Ferrari Auctions Car Buying Racing Vehicles Performance michael schumacher RM Sotheby's sothebys

Ferrari's 986-hp mid-engine hybrid supercar stays bundled up in spy shots

With less than a week to go until its debut for VIP clients, Ferrari remains engaged in testing its hybrid V8 supercar. As these spy shots show, the Italian carmaker still insists on giving nothing away. The photographer wasn't able to figure out any more details, noting only that the camo panels were decorated with yellow triangles warning of electric shocks. The last intel we got came from Auto, Motor und Sport, the German magazine predicting 1,000 PS (metric horsepower), which is 986 of our ponies. That grunt would come from the 3.9-liter twin-turbo V8 borrowed from the F8 Tributo, and three electric motors — two on the front axles, one in the gearbox. All-wheel drive and instant torque would get the coupe from zero to 62 miles per hour in no more than 2 seconds, and cornering prowess will increase thanks to e-motor torque vectoring. Another stroll through the FerrariChat forum says power might be more than the 1,000 CV (cheveaux — metric horsepower again, but in French) indicated even on Ferrari's invitation to the launch event. A member wrote, "The current numbers doing the rounds are 1,050 — 1,100," bettors guessing 720 hp from the V8, roughly 200 combined horses from the front axle motors, and anywhere from 150 to 180 hp from the gearbox unit. That would be 1,080 hp at most, which is 1,095 CV. The looks are inscrutable. It's clear the door handles are in a different place, above the shoulder line, the front brakes calipers are mighty, and the headlights reveal some severe lines. The motorcycle rider who chased the coupe through the hills above Maranello said he saw squared taillights, but allowed that it could have been the shape of the camouflage openings. A Ferrari owners group from France visited the factory and apparently saw the complete bodywork for the hybrid coupe codenamed F173, describing the car as "wide and flat" with "huge rounded intakes" like half circles, a red body and a black glasshouse. On a side note, they also saw the 812 Spider bodywork, and said it's beautiful. Finally, another FC poster wrote that "the name has been already decided and there are very few chances that it will be changed. It will remind us of a Ferrari model launched years ago and also an actual car, a fast one." Depending on when Ferrari plans a public debut, we have anywhere from six days to three weeks left to play with this puzzle.