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Celebrating the Ferrari F40 and the man who raced it

The Ferrari F40 has become one of the iconic cars of the last 50 years. It presaged the supercars of the future with its extensive use of carbon fiber and turbocharged engine, but it was also old school with no traction control, stability control or even anti-lock supervision to save the driver if they got in over their head. In its latest video, XCar Films takes a look at the F40 through the lens of a man in the UK who specializes in keeping them on the road and occasionally races these quintessential sports cars.
John Pogson has spent his entire life surrounded by engines. His father was a transport manager for a trucking company and he used to accompany him out on repairs. When he was old enough, John started repairing vehicles at a Lancia dealer, and from there, he started working for Ferrari. Eventually, he saved up enough money to open his own, independent Italian car garage. His new business proved successful, and Pogson's customers started asking him to race their Ferraris, including the F40 - something he did with great success. How could you say no to that opportunity?
While Italian cars are his specialty, Pogson also has a soft spot for all performance cars. The video shows him driving his AC Cobra with a claimed 600 horsepower and doing some smoky donuts in it. Scroll down to learn more about the F40 from one of the people that knows it best.

New Ferrari F1 car looks like a big step up, says Sebastian Vettel

SILVERSTONE, England — Ferrari's new SF71H Formula One car already looks a big step up from last year's before it has turned a wheel in anger, four-time world champion Sebastian Vettel said at Thursday's unveiling. The sport's oldest and most successful team is hoping the car, with more red and less white in the livery following the departure of sponsor Santander, will take it to a first championship in a decade. Vettel won five races last season but finished runner-up to Mercedes' Lewis Hamilton, who is now also a four-time world champion. "Now is the time when you see the car, it's all ready and you want to get in and go out on the track and have a go," the German told guests at the Italian team's Maranello factory. "To stand here now is very special for all of us. I think they are all waiting for us to say how it feels. So we can't wait to get out on track to see how the car performs, how it behaves. "I think that's the answer that we all want to hear, and we go from there. For sure, the amount of effort that has gone in and the attention to detail in so many areas is impressive." The presentation, online and through social media channels, came on the same day that Mercedes was showing off its new F1 W09 car. In an act of sportsmanship, the British-based team made sure reporters attending their event at Silverstone could watch the Ferrari unveiling on television screens during a break for lunch. Ferrari technical head Mattia Binotto said the car, narrower and with a slightly longer wheelbase as well as more aggressive sidepods, was an evolution of the 2017 car, which performed well on slower speed circuits but lacked reliability. "Every little detail matters, every part can make a difference, and I think this year's car is a big step from last year's," declared Vettel, whose four titles were with Red Bull between 2010 and 2013. Finnish teammate Kimi Raikkonen, who is now 38 and out of contract at the end of the season, said it looked good despite the addition of the now-mandatory halo head-protection device. "When it looks nice, the speed is also there. But obviously we will see that next week," said the 2007 world champion who will be testing the car with Vettel at Barcelona's Circuit de Catalunya next week. Reporting by Alan BaldwinRelated Video:

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.