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Ferrari California replica from Ferris Bueller is so choice

We like car auctions well enough, but often the high-end affairs are a bit too much like outdoor museums - very beautiful and very cold, and you're not allowed to touch anything. A perfect case in point is the upcoming Mecum auction during the 2013 Pebble Beach weekend, which will feature the legendary replica Ferrari 250 GT California Spyder used in none other than Ferris Bueller's Day Off. Only three were made. The current owner spent ten years restoring this car. It is his love, it is his passion. (Well, it was before he decided to auction it, anyway.)
Actually built by Modena Design and Development in El Cajon, CA, the official name of the stunning replica is Modena Spyder California. Built up on a tube frame, with a meticulously maintained interior and powered by a 500-horsepower small block V8 the car is so choice. If you have the means, we highly recommend picking one up.
Mecum hasn't suggested a predicted auction price for the Hollywood relic as of yet, but with the perfect pedigree to pull Gen X heartstrings, and the proliferation of stupid-wealthy fourtysomethings in and around northern California, we wouldn't be surprised to see a decent value. Just don't wait on it, life moves pretty fast around Pebble Beach. If you'd like to read a full description of the car with fewer script-quotes, look, it's real simple, scroll down.

Ferrari chief staying on to launch new models in October

Luca di Montezemolo has been running Ferrari since 1991. That's a whopping 23 years already, and having been born the same year that Ferrari was founded, Montezemolo is now 67 years old. But don't expect him to be stepping down any time soon.
Addressing the rampant rumors circulating the paddock at Monza this weekend, the hereditary Marquis of Montezemolo (pictured above at the unveiling of the 458 Speciale in Frankfurt last year) insisted that he is not about to leave Ferrari. Not before 2017, anyway, having signed as recently as this past March to stay on another three years. (After that, it's anyone's guess, with some suggesting that controversial Fiat scion Lapo Elkann could take his place.) But in dismissing the rumors, the affable and long-serving Ferrari chairman did reveal some new product plans.
First of all, according to racing site Autosport.com, Luca confirmed that the Prancing Horse marque "will present a fantastic new car" at the Paris Motor Show next month, widely expected to be a new variant of the 458: either the new Speciale Spider or the turbocharged 458 M. While he was at it, though, Montezemolo also revealed a new limited edition model to be presented in California.

Fiat gives outgoing Ferrari chairman $35M severance package

Luca di Montezemolo may not have wanted to leave Ferrari this way, but don't feel too bad for the departing chairman, because he'll be hitting the ground with a golden parachute so big that he'll never have to work again.
According to the latest reports, Fiat will pay Montezemolo 26.95 million euros (nearly $35 million) in severance pay. A little more than half of that will be paid in a lump sum of 13.71 million euros ($17.7M, equivalent to five times his annual salary) on January 31, 2015, with the rest to be paid within the next 20 years.
The payment is contingent on Montezemolo not going to work for a competitor, so don't expect to see him replacing Stephan Winkelmann at Lamborghini or Wolfgang Dürheimer at Bugatti any time soon. At least not until March 2017. Of course with that much cash on hand, the 67-year-old marquis need never work again, but considering how busy he's used to keeping himself, we'd be surprised if he didn't pop up again somewhere.