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Ferrari celebrates Singapore's independence with special F12

Singapore is marking 50 years of independence this year, and Ferrari is celebrating the occasion with a one-off F12 Berlinetta. The SG50 edition was ordered from the Tailor Made program by Ital Auto, the official Ferrari importer for the Southeast Asian metropolis. The model is distinguished by a special red and white livery that mirrors the colors of the Scuderia and the country's flag. The bodywork is done up in a custom shade of metallic red called (appropriately enough) Rosso Singapore. It's offset by Bianco Italia racing stripes, wheels, wing mirrors, and aero appendages, including the front spoiler, side sills, and rear diffuser. The treatment continues inside the two-seat cockpit with a mix of black leather and technical fabrics, offset by red and white accents and a Singaporean lion emblem on the headrests. The words "Singapore 50th Anniversary Edition 1/1" adorn the sill plate and lower rim of the steering wheel. Of course most of us will never see this particular F12 up close. But until Maranello takes the wraps off the anticipated enhancements for the Berlinetta, this gives us an idea of the possibilities available to buyers of the 12-cylinder super-GT. Related Video:

All four Ferrari hypercars hit Fiorano at once

Some supercar fanatics would give anything for a chance to drive a Ferrari, much less one of its flagship hypercars. But this one lucky devil got to drive all four of 'em. At Fiorano. Of course this isn't just any old lucky devil. He's Dario Benuzzi, who's been Ferrari's chief test driver since 1969. That means he probably knows the company's private Fiorano test track better than anyone, and he has one of the best jobs in the world. But even this had to be a treat for Benuzzi, driving the F40, F50, Enzo, and LaFerrari back to back around the circuit. (All they need now is a 288 GTO to round out the action, like one owner did when he drove down to Italy with his best buddies in a convoy of scarlet hypercars, pictured in the gallery below.) Watch the video above to see it all go down and to hear some of Benuzzi's impressions on the progress of the flagship Ferrari. Related Gallery LaFerrari family portrait News Source: Ferrari via YouTube Ferrari Supercars Videos ferrari laferrari fiorano ferrari f40

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: