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Hot Wheels loses Ferrari diecast contract to Chinese company

If you're anything like this writer, chances are you've got a diecast model or two kicking around the house. And if one of those models replicates a Ferrari, chances are it's made by Hot Wheels. The Mattel brand secured an exclusive contract from the Maranello automaker in the late 1990s, but the latest word from Hemmings has it that Ferrari has ended its partnership with Hot Wheels and awarded it instead to the May Cheong Group. Unless you're an avid diecast collector, you may not have heard of May Cheong, but you may have heard of its brands Maisto and Bburago. Both brands are longtime players in the model car market, but it's the Bburago part of the deal that's particularly interesting. Founded in Italy, Bburago made a name for itself largely due to the scale Ferrari models it made back in the day. But when the Prancing Horse marque awarded the exclusive contract to Mattel, and with increasing competition from the Far East, Bburago collapsed. May Cheong swept in and scooped it up, and now the Italian model brand, along with its onetime rival Maisto, will be producing diecast Ferraris once again. Whether Bburago will use any of its old tooling to resume production of Ferrari scale models or start from scratch with all-new equipment remains to be seen, as does the matter of whether either it or Maisto will be able to produce the same quality of models as Hot Wheels has with some of its higher-end offerings. Like most collectors, this writer's looking forward to finding out. Looks like it's time to buy another display case.

Here's the first production Ferrari Sergio, and it's already been delivered

Not even three months after its production announcement, Ferrari has already delivered the first Sergio, a wildly modified 458 Spider meant to honor Sergio Pininfarina, founder of the eponymous design studio that has turned out so many memorable prancing horses. Unsurprisingly, the roofless Ferrari, the first of six, was delivered to the Middle East, going to the SBH Royal Auto Gallery in the United Arab Emirates' capital, Abu Dhabi. Ferrari handed over the keys at the Yas Marina Circuit, which is currently playing host to the Finali Mondiali Ferrari, the same place the FXX K debuted earlier this week. With a 605-horsepower, 4.5-liter V8, the Sergio can hit 60 miles per hour in just three seconds, although this particular Ferrari is about a lot more than performance. The Pininfarina styling is the real focus here, giving a few lucky owners the opportunity to enjoy concept-car styling in a road-legal machine. Unlike the original Sergio, that debuted at the 2013 Geneva Motor Show, though, the production model is somewhat tamer. Blame the necessity that is the windshield. That, though is the most significant change in evidence. All the very best parts of the concept car have seemingly made it through to production, including the lovely forward-swept rollbar and the stylish black element that defines the profile. Take a look up top for the official images from Ferrari, and then scroll below for Maranello's press release. The first Ferrari Sergio arrives in the UAE Abu Dhabi, 5th December 2014 – The first Ferrari Sergio has arrived in the United Arab Emirates. It has been delivered today to its new owner, the SBH Royal Auto Gallery in the UAE, at Abu Dhabi's Yas Marina Circuit, where the Finali Mondiali Ferrari are being staged and which is home to the Ferrari World theme park. Designed by Pininfarina, just six of this incredibly limited edition roadster are being built. The car was created to celebrate the spirit and core values of the historic Cambiano company in the 60th anniversary year of its collaboration with the Prancing Horse. Needless to say, Sergio was the only possible choice of name for the model, in homage to great Sergio Pininfarina, who sealed the unique, longstanding partnership with Ferrari. The Ferrari Sergio is a genuinely radical car. It is both exclusive and spare in the sense that every single element aboard is focused entirely on performance.

This electric Ferrari 308 GTS would do Magnum PI proud

We've seen Lancias, Alfas, Maseratis, and assorted F1 cars over the years packing Ferrari engine. But seeing a Ferrari running under different power is something else entirely – let alone one packing a fully electric powertrain. Yet that's what one company in Southern California has done with this 1978 Ferrari 308 GTS, swapping out its V8 engine for an array of electric motors and battery packs. Rather than tearing apart a perfectly good Italian sports car, Eric Hutchison of San Diego-based Electric GT found the Magnum PI-spec Prancing Horse for salvage after it had burned out from an unfortunate fuel leak. One man's loss being another's gain, he bought it for $10,000 and, together with his friend Michael Bream at EV West, set about converting it to electric power. The cavallo elettrico produces an impressive 465 horsepower and 330 pound-feet of torque. With three AC51 HPEVS electric motors and 48 batteries installed, the cavallo elettrico produces an impressive 465 horsepower and 330 pound-feet of torque. That's a heck of a lot more than the 2.9-liter V8 in the original 308 ever produced: before later versions introduced fuel injection and four-valve cylinder heads, the 308 packed about 200 horsepower and 181 lb-ft. Not one of the most powerful models ever to leave the factory in Maranello, in other words. To handle the extra muscle, Hutchison, Bream, and company fitted a new clutch, flywheel, pressure plate, and (perhaps the oddest part) a Porsche transaxle, mounted upside down. Though most EVs do away with a conventional transmission, Hutchison points to the original (though ultimately unfulfilled) Tesla Roadster plans and the Formula E setup as evidence of the combo's ideal blend of efficiency and performance. "The massive torque transferring through the transmission engages the driver in a clutch-dropping, gear-pounding Ferrari experience," he said. To offset the added weight of the four dozen 3.3-volt lithium-ion batteries, they stripped out anything they could, and found new homes for many of the jettisoned components through fora like Ferrari Chat, whose members enthusiastically followed the conversion process. The result is a vehicle just 150 pounds heavier than stock that can travel 100 miles on a single charge. That's more than most OEM EVs can go these days, and (arguably) in better style, too. We've been following the project's development for nearly two years now, and took it for a spin on Translogic.