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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

1962 Ferrari 250 GTO auctioned for a record $48 million

As anticipated, the 1962 Ferrari 250 GTO chassis number 3413 made some serious money at the RM Sotheby's auction at Pebble Beach. As the hammer came down at $48.2 million, the Ferrari became the most valuable car ever sold at auction; it made the Goldeneye Aston Martin DB5 look like a used DB7 in comparison. Last night, racing legend Derek Bell drove the Ferrari onstage, and bidding was opened at a breathtaking $35 million. Three bidders were involved in the sale, and the complete sum including fees came to $48,405,000. The auction house knew it was going to be expensive, having estimated the car at more than $45 million in June. It handsomely topped an earlier Ferrari 250 GTO record of $38 million. The Ferrari, the third one out of a 36-car production run and complete with significant racing history, has a numbers-matching powertrain and a Scaglietti-built Series II body. It has been with its previous owner since 2000, and the last time it was sold it commanded $7 million. The $40-million bump in value is simply incredible, Ferrari 250 GTO or not. And all this time the car hasn't just sat, appreciating; it has been seen in numerous classic events, in actual use. Related Video: Featured Gallery 1962 Ferrari 250 GTO at RM Sotheby's Monterey Auction View 10 Photos Image Credit: RM Sotheby's Ferrari Auctions Performance Pebble Beach ferrari 250 gto 1962 ferrari 250 gto ferrari auction

Bahrain Grand Prix proves that Formula 1 finally has parity

Ferrari driver Sebastian Vettel claimed victory at the Bahrain Grand Prix 6.6 seconds in front of Mercedes-AMG's Lewis Hamilton. In so doing, Vettel vaulted into first place in the driver standings ahead of Hamilton, with two race victories to the Mercedes driver's one. The decisive moment in the race came with 16 laps remaining, as Hamilton served a 5-second penalty for holding up Red Bull's Daniel Ricciardo in the pit lane in an earlier pit stop during a safety car period. Hamilton was able to reclaim second place in front of teammate Valtteri Bottas with 10 laps remaining, and he cut Vettel's lead from 13 seconds to 6.6 seconds at the finish. Bottas went on to finish third, followed by Ferrari's Kimi Raikkonen in fourth. Ricciardo crossed the line in fifth, meaning there were three constructors in the top five places in Bahrain. Perhaps more than anything else, the 2017 season has been unpredictable and entertaining, marking a break from the last several years in F1 where one marque has been dominant. Here's hoping the rest of the year provides similar thrills and spectacle. Related Video: Image Credit: Lars Baron/Getty Motorsports Ferrari Mercedes-Benz Racing Vehicles F1 Lewis Hamilton Sebastian Vettel