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Harry leaves his Garage to drive Ferrari 488 in Maranello

Harry Metcalfe doesn't need to go anywhere these days. He's handed over the reins of the Evo magazine he founded and gone into retirement, enjoying some quiet time with the many drool-inducing cars in his expansive garage. In other words, it would take quite the car to get him to leave the serenity of the English countryside and fly all the way down to Italy and its industrial north. The Ferrari 488 GTB is just such a car. The Prancing Horse marque's latest mid-engined V8 supercar should require no introduction. It's the successor to the celebrated 458 Italia and a long line that stretches back through the F430, 360 Modena, F355, 348, and 328 straight through to the 308 GTB that debuted in 1975. Only unlike its naturally aspirated predecessors, the 488 has gone twin-turbo to reconnect more with the likes of the F40 and 288 GTO. That leaves the atmospheric sector of this particular territory to the Lamborghini Huracan and its unassisted V10, while cozying up closer to the McLaren 650S. But does it make it any less of a Ferrari, or a less-than-worthy successor to the 458? That's what Harry set out to find out on the roads in and around the factory's home town of Maranello. Watch the video above to find out how it stacks up in his esteemed opinion. Related Video: X News Source: Harry's Garage via YouTube Ferrari Coupe Supercars Videos ferrari 488 gtb harry metcalfe harrys garage

Santa swaps his sleigh for a Ferrari-powered Toyota

A Ferrari-powered Toyota 86 is sure to garner a bit of attention, as well it should. We've been paying attention throughout this build, so it should be no surprise then that Santa did as well. He's ditched his red sleigh for the Gumout GT4586 in this video. If you've been following along, you know that Ryan Tuerck and Gumout built this completely bonkers machine that's far more exciting than some previous Japanese/Italian mash-up automobiles. Donut Media has been doing their part to document and promote every stage of the process. This new video is filled with the gratuitous amounts of lights, noise, and tire smoke that Donut is known for. We don't know the conversion from horsepower to reindeerpower, but the GT4586 should provide plenty of oomph for Santa's Christmas trek. Related Video: News Source: YouTube Humor Ferrari Scion Toyota Coupe Special and Limited Editions Performance Videos toyota 86 engine swap

Ferrari plans 15 new models, shares name of its SUV

MARANELLO, Italy — Ferrari plans to launch 15 new models, including hybrid cars, a utility vehicle and more special editions as part of its new chief executive's efforts to double core earnings by 2022. The supercar maker shifted to a guidance range for adjusted core earnings of 1.8-2.0 billion euros ($2.1-2.3 billion) by 2022, rather than the 2 billion figure set by late Ferrari boss Sergio Marchionne. But his successor sought to reassure investors that the company can maintain recent strong growth. "This is an ambitious plan, but a doable one based on a concrete, detailed framework," Louis Camilleri said on Tuesday at the company's Maranello headquarters in Italy. Ferrari shares gained 0.6 percent by 1330 GMT, recovering from earlier losses. The stock slid more than 8 percent on Aug. 1 when Camilleri described Marchionne's targets as "aspirational." Marchionne's sudden death in July jolted investors who had expected the auto industry grandee to remain at the wheel until 2021, having more than doubled Ferrari's market value since taking it public in 2015. Camilleri and his team outlined a plan to show how a brand known for its racing pedigree and roaring combustion engines will shift to making a utility vehicle and hybrid cars and boost margins to over 38 percent without sacrificing exclusivity. The company increased its dividend payout ratio and announced a 1.5 billion-euro share buyback plan. Its marketing chief also promised a "significant increase in average retail price." Following Marchionne's roadmap With margins at 30 percent now, strong pricing power and an enviable customer waiting list, Camilleri inherits a business firing on all cylinders and is not expected to stray far from his predecessor's script. Marchionne had orchestrated Ferrari's spinoff from parent Fiat Chrysler, positioned it as a luxury brand rather than a carmaker, and managed to do what few thought possible: sail through a self-imposed production cap of 7,000 cars a year without sacrificing pricing power or its exclusive appeal. Ferrari has clocked up years of record earnings, helped by special editions and a customization program. But it could prove tough to maintain the company's high valuation as emissions rules tighten, capital spending increases and the diverging interests of investors, racing fans, owners and collectors become harder to balance.