2004 Ferrari 360 Spider F1 Exhaust Extremely Clean 18k Miles Only $99,888.00!!! on 2040-cars

Auto blog

Colani's land speed record Ferrari for sale

Everyone knows that Ferraris are designed to go fast, but their performance is measured by a number of different metrics. This particular example, however, was designed with one goal in mind, and that was top speed. And now it's up for sale. The one-of-a-kind creation was the work of Professor Luigi Colani. The car started life as a Testarossa, but was extensively modified and entirely rebodied in order to pursue a high-speed run at the Bonneville Salt Flats. That meant an aerodynamically optimized body designed by Colani to dramatic and wind-cheating effect, and substantially reworked mechanicals as well. The flat-twelve engine was fitted by German firm Lotec with a pair of turbochargers to drive output beyond 750 horsepower. The 1989 Ferrari Testa D'Oro Colani - so named, we gather, for its gold cam cover - was clocked at 218 miles per hour back in 1991, winning its class at Bonneville and far outstripping the 201-mph top speed quoted by Ferrari for the F40 that was all the rage at the time. The vehicle has now been put up for sale by Purosangue Maranello, where (as you can see from the images in the gallery above) it sits alongside another one-off Ferrari: the four-door Pinin concept of 1980 (to say nothing of the Minardi F1 racer in the other corner). If it's a completely unique Prancing Horse you're after, Purosangue (Italian for "pure blood" or "thoroughbred") seems to be the place to look. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Ferrari, not Tesla, might be the stock to buy

Last week Tesla's earnings – or lack thereof – were one of the big stories in the auto industry. As usual, the electric carmaker didn't make money, but the news sent the market, analysts, and Tesla's devoted fans into a lather. But another company, this plucky upstart called Ferrari, also attracted a positive reaction from the market and actually had the financials to back it up. Ferrari posted net revenues of $898 million (at today's exchange rates) EBITDA of $265 million (a slightly complicated way to snapshot financial performance) and an adjusted net profit of $136 million in the first quarter. The company delivered 2,003 cars, and sales of its V12 models increased 50 percent. It quietly made progress nearly a year and a half into its life as an independent automaker. For 2017, Ferrari expects to deliver 8,400 cars and rake in net revenue of $3.6 billion. No one thought Ferrari would flounder when Fiat Chrysler Automobiles spun it off in fall 2015. With a rich history, expensive products, and its own loyal fan base that's arguably even larger than Tesla's, the company seemed poised for success, though skeptics wondered how it might fare after longtime chief Luca di Montezemolo stepped down before the spinoff. Plus, the company remains within the FCA sphere, as its key stakeholders are largely connected to its former parent in some way, and Chairman Sergio Marchionne also steers FCA. Last week's results showed Ferrari is gaining footing in the evolving automotive world, and analysts responded. UBS analyst Michael Binetti reiterated Ferrari stock (RACE on the NYSE) as buy status and raised his target price from $85 to $92. Morgan Stanley's Adam Jonas was even more bullish, raising projections to $100 in the next 12 months. Shares were trading around $82 Monday morning. Both analysts viewed Ferrari as something different than a conventional automaker stock, with Binetti comparing it to luxury house Hermes, which produces high margins even for a specialty goods maker. Jonas suggested Ferrari's singular reputation and history (16 Formula One Constructors titles, the most ever) could insulate its products when autonomous and electric cars become even more commonplace. "In our view, a Ferrari is not transportation," he wrote in a note to clients. "Ownership is viewed as an exclusive club, and membership requires more than just money.

Ferrari vs. Ferrari: Cut convertibles unloved by collectors?

The New York Times' Wheels blog has a really interesting story on a pair of Ferraris that are set to be auctioned off in Monterey during the Pebble Beach Concours d'Elegance. While the two cars are similar on the surface, their differing histories and Ferrari's attitude towards one of them has led to a sort of experimental auction process.
On the one hand, we have one of ten 1967 275 GTB/4 NART Spiders, in the classic Rosso Corsa and appearing at RM Auctions and seen above. On the other, we have a Fly Yellow version that started life as a 1965 275 GTB Coupe, and was converted into a NART Spider. Called a "cut" car, this particular replica is one of about 100 GTB Coupes that were converted into convertibles to satiate the climbing demand for ultra-rare Spiders.
This will mark one of the first times that an original NART Spider will go toe to toe with a replica of itself at auction, and will answer a number of questions about just how important provenance is in the collector car world. Head on over to The Times blog for the full story.