Mint Condition Red 1989 Ferrari Mondial T Cabriolet on 2040-cars

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At Lamborghini, gasoline is going, going, gone

Those who've waited this long to plunk down a deposit on a Lamborghini with a full combustion motor have waited too long. For six decades, the Italian brand, founded in 1963 to compete with Ferrari, delivered V8s, V10s and V12 gasoline powered engines to its aficionados. But as of now, its official: the order books have closed on Lambo’s Huracan and Urus models. Stephan Winkelmann, head of the Volkswagen subsidiary, informed the German newspaper WELT this week that all ICE models are now sold out until the end of their production cycle. Only hybrid and electric vehicles will be made from next year and transitioning to the end of the decade. The 2023 Huracan with its 631 horsepower V-10 is starting priced at about $210,000. To prepare for the switch to hybrid power, Lamborghini has invested “at least 1.8 billion Euros,” which is about $2 billion, to produce a lineup of hybrid vehicles ready for release by late 2024 and into 2025. The companyÂ’s next hybrid model is the Revuelto, which pairs a V12 engine with a plug-in hybrid powertrain. The brand anticipates offering a fully electric car “by the end of the decade,” Winkelmann has said. Globally, Lamborghini delivered 9233 vehicles in 2022, up from 8420 the previous year. Related Video This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Ferrari Lamborghini Fuel Efficiency Green Automakers Automotive History Future Vehicles Performance

F1 2013 Classic Edition to make Lauda's 1976 Ferrari playable

We'll cop to the fact that we might be a bit overly excited about the upcoming F1 2013 video game, specifically the Classic Edition. Codemasters has released umpteen trailers for the title already, mostly pretty cool ones, with cars lapping classic Formula One tracks that are set to be included in the fun.
With that said, this very latest historic addition to F1 2013 is pretty worthwhile, we think. Doing a kind of double promotion with Ron Howard's upcoming film Rush (which you all know by know to be the story of Niki Lauda, James Hunt and the chase for the 1976 F1 Championship), Codemasters is making the 1976 Ferrari 312 T2 a playable car in its new game. That's right, you can now walk in Lauda's racing boots, without all the painful crashing and superhuman recovery bother. Watch the video trailer below.

Ferrari IPO worth $1 billion to launch imminently

Or maybe not. Back in July, we reported that Ferrari's initial public offering could come any day, based on what FCA honcho Sergio Marchionne told reporters at an international economic forum. Marchionne himself ensured investors that the Maranello automaker was "days away" from filing the paperwork. That didn't happen. Now it's October, and the rumormill is churning about all things Ferrari IPO on the news that the company has filed amended IPO documents with the SEC on September 22. Like last time, the launch is apparently imminent – as early as today, reports CNBC – and sources are hearing an offer of $1 billion in stock, or roughly 10 percent of what FCA believes Ferrari to be worth. Back in July, Marchionne insisted that Ferrari was worth as much as $11 billion, despite experts at the time pointing out that this was much higher than even the company's internal assessment of the brand's value. Bloomberg is also reporting that demand for Ferrari stock may exceed supply by as much as 10 times, even before the IPO. Much of this value (as much as half) is derived from the brand as intellectual property, as opposed to its assets or profitability. Part of the brand value equation is Marchionne's attempt to reposition Ferrari as a "luxury" brand, as Business Insider notes – the word "luxury" is mentioned 151 times in the document. The broad universe of branded Ferrari goods, like luxury clothing and toys, are a strong illustration of Ferrari's power as a brand. For traditionalists and Ferrari fans jittery at the thought of their beloved manufacturer subject to the whims of shareholders, a few calming notes. Tech Times reports that the documents confirm that Ferrari will remain incorporated as an Italian company. More importantly, there's no indication at present that Ferrari's new emphasis on "luxury" will change their product plans, meaning ever-faster exotic cars will continue to roll out of Maranello for now.Related Video: