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Ferrari to introduce a V8 hybrid supercar this year

Ferrari is bringing a new mid-engine V8 supercar to the market this year — but with a hybrid drivetrain this time. Last year, then-Ferrari CEO Sergio Marchionne told Auto Express that a hybrid V8 was coming, and Automotive News is now reporting that a hybrid supercar will debut later this year. According to Automotive News, the new Ferrari won't be displayed at the Geneva Motor Show next month, but it will have an unveiling event of its own later on. It will sit above the 488 Pista, as it will have more power. Automotive News quotes Ferrari CEO Louis Camilleri as having confirmed the car on an earnings call in late January, saying that it will be more profitable than for example the 812 Superfast and that deliveries will start a year from now. The hybrid V8 supercar marks a step ahead for Ferrari, as it means hybrid tech will no longer be reserved to limited-edition specialties like the KERS-boosted LaFerrari, but that the technology will feature in a "regular lifecycle" model. Camilleri also stated that 60 percent of the Ferrari lineup will have a hybrid variant by 2022; this means that there will be pure gasoline variants for petrolheads shunning electric assist, but that Ferrari can also move ahead with the times. The electrified technology that Ferrari is developing is also expected to trickle to Maserati's upcoming Alfieri model that replaces its GranTurismo; that car will also be made in Ferrari's hometown of Modena. Related Video:

Ferrari Lusso ownership will add some time to your morning commute

If you've ever driven a vintage vehicle on a regular basis, you know the process from getting from point A to point B is a bit more convoluted than simply hopping in and going. There are rituals to observe, checklists to run through and processes to address before ever touching the ignition. Neglect any one of a number of small tasks and you're likely to find yourself on the side of the road. James Chen, the owner of Axis Wheels, knows all about that. You see, he owns a gorgeous Ferrari Lusso, and coaxing the V12 under the hood to life requires a certain amount of procedure.
Once it's rolling, of course, all that premeditation seems entirely worth the effort. Chen does his best to keep the machine out of traffic, but refuses to keep the coupe sealed away in a museum, so he gets up early and takes to the canyon roads around LA before anyone else is awake. Atta boy.
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1962 Ferrari 250 GTO for sale in Germany at $64 million

Prices keep climbing for the Ferrari 250 GTO with virtually no end in sight. In 1969 one sold for just $2,500, but by the 1980s they were trading for hundreds of thousands, then millions, then tens of millions to the point that the last last year, one was reported to have changed hands at $52 million. But now there's a GTO for sale in Germany that could eclipse even that gargantuan price tag.
Ferrari made 39 examples of the 250 GTO between 1962 and 1962, and the item listing on mobile.de doesn't give much in the way of specifics as to which exactly we're looking at. But last we checked, there were only two GTOs in Germany, and the other one was silver. That leaves chassis number 3809GT, which was delivered new in '62 to Switzerland and participated in numerous endurance races and hillclimb events throughout the early 60s. 3809GT has been owned until now by one Hartmut Ibing, who bought it in 1976 when values were in the tens of thousands, not tens of millions. Given how his asset has appreciated so dramatically, and with less than 10,000 miles on the odometers over 52 years, we could understand how Ibing would want to cash out.
Of course we could be mistaken and we could be looking at an entirely different example - the vast majority were, after all, painted red and fitted with blue upholstery just like this one - but either way, we're looking at a price tag of 47.6 million euros. That's nearly $64 million at today's rates, inclusive of Germany's 19 percent VAT rate that adds a staggering $10 million in taxes to the pre-tax price of 40 million euros, which comes in under $54 million but would still be the most ever paid for a GTO (or really, just about any car ever made).