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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.

Seeing Red: 70 Years of Ferrari at the Petersen Museum

When the Petersen Automotive Museum completed its extensive 14-month renovation and reopened its doors in December of 2015, automotive enthusiasts were treated to a refreshed 95,000 square feet of exhibit space boasting 25 separate galleries. At the time of opening our favorite of those was the Precious Metal exhibit in the Bruce Meyer Family Gallery, featuring some of the world's most desirable cars all painted in silver. While we're sad the Precious Metal exhibit is no more, the gallery is now filled with something perhaps even better - an exhibit celebrating the 70th anniversary of Ferrari called "Seeing Red". The theme of a single color has been maintained (red, of course), and the gallery features eleven of the most significant road and race cars built by the Prancing Horse in the last seven decades. Leading the herd is a stunning 1963 Ferrari 250 GTO, one of just 39 built and widely considered to be one of if not the most desirable collector car in the world. The last one that sold at auction brought a record $38 million. Following up the 250 GTO is an achingly gorgeous 1958 250 Testa Rossa and then a 1965 250 LM that won Le Mans outright in 1965. A Mille Miglia winner, a 1949 166 MM Barchetta, is also on display. Perhaps the most historically significant car in the collection, however, is a 1947 Ferrari 125 S. Although this particular vehicle's history is difficult to trace, with many early race cars being wrecked, cut up, or combined with other cars, many believe this example, chassis 010I, to be the very first car to carry the Ferrari badge. Not surprisingly, the 125 S was a successful race car, winning six of the thirteen races in which it competed. The rest of the gallery is a celebration of belle macchine, which includes a 1955 Ferrari 857 Sport, a 1958 Ferrari 250 GT California Spyder SWB, Michael Schumacher's 2006 Ferrari 248 F1, a 1976 Ferrari 312 T2 driven by Niki Lauda to victory at the Monaco Grand Prix, and a 2014 Ferrari LaFerrari. "We're so thrilled to bring some of the world's most beautiful Ferraris to the Petersen," said Bruce Meyer, founding chairman of the Petersen's Board of Directors. "Seeing that Rosso Corsa paint and the beautiful curves of the body work is always enough to make your heart skip a beat.

Stellantis and LG launch joint venture for North American battery plant

Stellantis has struck a preliminary deal with battery maker LG Energy Solution (LGES) to produce battery cells and modules for North America, as the world's No. 4 automaker rolls out its 30 billion euro ($35 billion) electrification plan. Global automakers are investing billions of euros to accelerate a transition to low-emission mobility and prepare for a progressive phase-out of internal combustion engines. Stellantis and LGES's joint venture will produce battery cells and modules at a new facility with an annual capacity of 40 gigawatt hours (GWh), the two firms said on Monday. No financial details of the deal were provided. The plant is scheduled to start production by the first quarter of 2024, with groundbreaking expected in the second quarter of 2022, the companies said in their statement. Its location is under review and will be announced later. Stellantis, formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, has said it wants to secure more than 130 GWh of global battery capacity by 2025 and more than 260 GWh by 2030. The batteries produced under the deal will supply Stellantis' U.S., Canadian and Mexican assembly plants for installation in hybrid and fully electric vehicles, supporting its goal of e-vehicles making up more than 40% of its U.S. sales by 2030. The company, whose brands include Peugeot, Fiat, Opel and U.S. best-sellers Jeep and Ram, earlier this year announced it would invest more than 30 billion euros through 2025 on electrifying its vehicle lineup. Stellantis has said it would build three battery plants in Europe and two in North America, including at least one in the United States. Intesa Sanpaolo analyst Monica Bosio said the deal was positive, and a further step ahead in Stellantis' electrification process. It comes weeks after Stellantis and its partner TotalEnergies agreed to open up their battery cell joint venture ACC to Daimler, to expand their European sourcing of battery cells. Stellantis is also targeting more than 70% of sales in Europe to be of low-emission vehicles by 2030, and aims to make the total cost of owning an EV equal to that of a gasoline-powered model by 2026. Related video: Green Plants/Manufacturing Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall Electric Hybrid EV batteries LG