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Fiat Dino does a sexy Ferrari impression

In the modern industry, there's a clear distinction between Ferrari and its parent company, Fiat. Confusing the two is virtually impossible, although that wasn't always so. In the 1960s, the line between Fiat and Ferrari was still there, but it wasn't nearly so well defined, thanks to the addition of the Dino line.
And while we could essentially write a dissertation on Ferrari, Dino and Fiat, let's just say that it wasn't at all difficult to find a Dino-badged car that could still set your hair on fire. One such car from those halcyon days of Italian automotive production is the 1968 Fiat Dino Spyder, shown in the latest video from Petrolicious.
Now, this isn't the exotic, mid-engined Dino. Rather, this is a sporty, but humble, Fiat-badged convertible, that's a bit lesser known. Still, it's a truly gorgeous car, and this example, owned by Danny Soukup, is a prime specimen of that rare 1960s Italian car. Scroll down for the latest video from Petrolicious.

Michigan man gets jail time for Ferrari engine sale

Tax evasion is not something to mess about with. Ask Al Capone. For most of us that sell stuff, though, it's not something we really think about. Are you honestly going to pay taxes on that old iPhone 5 you sold? The couch with the questionable stain? No, because paying tax on something you sold for a relative pittance is just a pain in the butt. If you sell one of Aurelio Lampredi's Ferrari engines – used in a range of vintage racers, including the 750 Monza shown above – for over $600,000, you might want to make a point of paying the taxes on your profits. A Michigan man found that out the hard way, Reuters reports, after selling the Lampredi engine in 2009. 71-year-old Terry Myr of Smiths Creek, MI, was convicted in April of tax evasion and four counts of failing to file a tax return and was sentenced to two years in prison and two years of supervised release on Thursday. He was also ordered to pay $738,904 in back taxes, interest, and penalties – he already owed $195,000 in back taxes before his conviction – by a US District Court judge, Reuters reports. Now, this wasn't a simple case of Myr forgetting to set some money aside from the sale. The buyer wire-transferred the $610,000 into a corporate account he made the week prior. Then, Myr promptly withdrew $360,000, which he used to buy silver and gold coins, while the remainder was transferred to other accounts – be they personal or corporate – or simply used for checks to cash. Hence the tax evasion charge. According to Reuters, no explanation was given as to how Uncle Sam uncovered the engine sale in the first place. Related Video:

Ferrari officially teases hybrid V8 before official reveal

This is Ferrari's official teaser for the V8 hybrid debuting this week, so let the Photoshop and parsing games begin. Among what we'll call the traditional supercar makers — Ferrari, Lamborghini, and McLaren — the Maranello outfit takes the first dive into the hybrid pool, and they're going to make a show of it. The motorcycle rider who ran down the prototype a few weeks ago looks to have been correct about the rectangular taillights. The last time we saw anything other than round taillights on a production Ferrari was on the much-loved Testarossa and the much unloved 348. There's some deliberate obfuscation going on, unsurprisingly. In the teaser, the rear wing stands up extra tall in the middle. The wing on the prototype spotted last week carries across the car from fender to fender; you can trace the line it makes around the rear three-quarter underneath the camouflage. Based on where there's mesh in the camouflage paneling to let air through, our guess is that the wing does more than channel air under its middle as on the F8 Tributo. And we'll wait to see if the twin exhaust outlet truly dominate the backside like bazookas. VIP clientele have apparently been headed to Maranello as of this morning, ready to witness a three-day event for the production sports car that will sit above the 812 Superfast and below whatever succeeds the LaFerrari. Eyes in Italy say there's a large tent at the Fiorano circuit erected just for the cause. Word is that Ferrari will reveal the car online around the same time as VIP showing, with an in-the-sheetmetal showing sometime next month, perhaps at Le Mans. Ferrari hybrid supercar View 9 Photos