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Hot Wheels loses Ferrari diecast contract to Chinese company

If you're anything like this writer, chances are you've got a diecast model or two kicking around the house. And if one of those models replicates a Ferrari, chances are it's made by Hot Wheels. The Mattel brand secured an exclusive contract from the Maranello automaker in the late 1990s, but the latest word from Hemmings has it that Ferrari has ended its partnership with Hot Wheels and awarded it instead to the May Cheong Group. Unless you're an avid diecast collector, you may not have heard of May Cheong, but you may have heard of its brands Maisto and Bburago. Both brands are longtime players in the model car market, but it's the Bburago part of the deal that's particularly interesting. Founded in Italy, Bburago made a name for itself largely due to the scale Ferrari models it made back in the day. But when the Prancing Horse marque awarded the exclusive contract to Mattel, and with increasing competition from the Far East, Bburago collapsed. May Cheong swept in and scooped it up, and now the Italian model brand, along with its onetime rival Maisto, will be producing diecast Ferraris once again. Whether Bburago will use any of its old tooling to resume production of Ferrari scale models or start from scratch with all-new equipment remains to be seen, as does the matter of whether either it or Maisto will be able to produce the same quality of models as Hot Wheels has with some of its higher-end offerings. Like most collectors, this writer's looking forward to finding out. Looks like it's time to buy another display case.

Faraday Future to hire former Ferrari exec Marco Mattiacci

Electric car manufacturer Faraday Future has lured a very big fish to its executive pond, hiring former Ferrari executive Marco Mattiacci, a source told Autoblog. Business Insider also reported the move. It's unclear what role Mattiacci will have at Faraday, but he served with distinction at Ferrari. Between 2006 and 2014, he was the head of Ferrari North America and Ferrari Asia Pacific, though that success didn't translate to motorsports. Mattiacci succeeded Stefano Domenicali as team principal of Scuderia Ferrari in April 2014 and led the team to a fourth-place finish, behind Mercedes, Red Bull, and Williams. The Scuderia were not pleased and Mattiacci resigned. Faraday is no stranger to snagging talent from other automakers. It hired employees from Ford, GM, and BMW and has done an especially good job of poaching talent from Elon Musk. It lured Tesla's vice president of regulatory affairs and deputy general counsel, James Chen, last month. Faraday hired the head of Model S production, Dag Reckhorn, to serve as its global VP of manufacturing, and in April it brought in Tesla's director of global supplier industrialization, Andrew De Haan, to run the Faraday's Nevada factory. Business Insider reports Faraday has even poached SpaceX employees. We expect more hiring from Faraday in the future, too. The company's website is packed with California-based positions for everything from vehicle safety to autonomous driving to product planning. Related Video: News Source: Business InsiderImage Credit: Dom Romney / Getty Images Green Hirings/Firings/Layoffs Ferrari Autonomous Vehicles Electric faraday future faraday marco mattiacci

Ferrari 488 GTB rocks throwback '80s livery in Paris

We have a soft spot for retro racing liveries – especially when they're applied to road-legal supercars. Like a Porsche 918 Spyder with Martini racing stripes, a Ford GT in Gulf blue and orange, or this latest Ferrari 488 GTB unveiled in Paris. The Tailor Made department in Maranello prepared this one-of-a-kind 488 in tribute to the 308 GTB that Jean Claude Andruet drove to victory twice in the Tour de France Automobile – in 1981 and '82 – only a few years before the event was discontinued. It was one of the most iconic of Ferrari racing liveries (aside from the classic rosso corsa of course) and is beautifully reinterpreted for that car's modern successor. The unique treatment includes a French racing blue and white exterior with Pioneer sponsorship, matte gold wheels, and matte black brake calipers. The interior looks as stripped-out as the 458 Speciale's and features red fabric seats with matte-finish aluminum and carbon-fiber trim. Commissioned by Charles Pozzi, the same Paris dealer that campaigned the original decades ago, the turbocharged retro smurf was unveiled yesterday at the Grand Palais. It marked the start of the Tour Auto Optic 2000, a French rally. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The GTC4Lusso makes its French premiere at the Grand Palais The 488 GTB Tailor Made Pioneer also unveiled for the first time Paris, 18th April 2016 – What better setting than the Grand Palais in Paris for the GTC4Lusso, Ferrari's latest creation, to make its debut on French soil? The new Prancing horse V12 four-seater, four wheel drive with rear-wheel steering, was a magnet for the over 200 journalists who attended the premiere this afternoon on the opening day of the Tour Auto Optic 2000 rally. The GTC4Lusso will be also the star attraction at a gala cocktail in the evening for over four hundred guests who will have the opportunity to see this superb example of a unique mix of benchmark sports car performance, all-weather versatility and sublime elegance. This very important "rendez-vous" is also the occasion for Ferrari to present a unique version of its 488 GTB. In association with its Parisian dealer Charles Pozzi, the very exclusive Tailor Made program imagined a car which pays homage to the 308 Gr4 Pioneer driven by Jean Claude Andruet and two times winner of the Tour de France Auto in 1981 and 1982.