1987 Red With Tan on 2040-cars

Auto blog

Ferrari vetoes F1 engine supply cost cap

The costs associated with competing in Formula One are enormous. In addressing the problem, the FIA has proposed a number of measures aimed at reducing those expenses. But while most of the teams are apparently on board, one key player has exercised its veto to defeat the initiative. The issue came up at a recent meeting of the Formula One Strategy Group, where the participating parties discussed implementing a global cost ceiling, amending the regulations in order to drive down costs, and increasing the standardization of common parts. However one of the most concrete steps would have seen the FIA institute a maximum price which engine suppliers could charge independent teams for their power units. The issue was put to a vote, which the FIA reports passed with a "large majority." But Ferrari vetoed the measure, exercising the right accorded to it under the governing regulations – a step which the FIA will not contest. With its cost-cap measure defeated, the governing body has confirmed its intent to move ahead with proposals to bring in an outside engine supplier that will provide motivation to independent teams at a lower cost. As we recently reported, the price associated with securing power units from suppliers like Mercedes, Renault, and Ferrari, typically costs teams as much as $30 million per season – a solid two or three times what they cost in the previous V8 era. One of the leading contenders at this early stage to supply those low-cost power units is Cosworth. The British firm has long participated in the championship as an engine supplier, stepping back from the sport only recently. However other companies could enter a bid for the contract as well. A French outfit called PURE run by former BAR-Honda team principal Craig Pollock began development of an engine package back in 2011. BMW and Toyota both supplied V8 engines until a few years ago, while independent outfits like Mecachrome, Mugen, and TAG have also prepared F1 power units based on engines developed by major manufacturers. 26.10.15 FIA FORMULA 1 WORLD CHAMPIONSHIP - COST REDUCTION The FIA has studied cost reduction measures for teams participating in the FIA Formula 1 World Championship which were not conclusive, including: - a global cost ceiling, - a reduction in costs via technical and sporting regulations, - an increased standardisation for parts.

Ferrari revealed the LaFerrari Aperta, and yeah, it's already sold out

We saw this one coming as far away as the mid-engine Corvette: The LaFerrari is getting a convertible version. Publically revealed Thursday at the Paris Motor Show, the LaFerrari Aperta promises the same performance as the regular LaFerrari – with an open-air design. We had seen it already, actually, but today brought confirmation that it will be called Aperta, not Spider. It's already sold out (duh) and will be limited to 209 copies. Two hundred of those go to regular people, or Ferrari customers anyway, and nine will be held back by the company to show off at events in 2017 as the automaker celebrates its 70th anniversary. Ferrari says the LaFerrari Aperta maintains the torsional rigidity and aerodynamics of the hardtop. The powertrain is the same: a V12 paired with an electric motor and KERS technology to generate 949 total horsepower. Meanwhile, Ferrari revealed details on five liveries to celebrate its 70th anniversary based on its current product line with a total of 350 units set to be produced. They are: The Steve McQueen, which takes inspiration from SMQ's iconic 1960s 250 GT Berlinetta Lusso. The Green Jewel, a green scheme based on the 365 P2 from Le Mans competition. The Stirling, which evokes a 250 GT Berlinetta SWB from 1961 driven to victory by Stirling Moss. The Schumacher, a red color scheme based on Ferrari's 2003 Formula One car piloted to seven victories by Michael Schumacher. The White Spider, a tribute to the 375 MM Pinin Farina Spider. The company also showed the rear-wheel-drive, turbo V8-powered GTC4 Lusso T for the first time at an auto show. As you can tell, the Paris show is a busy one for Ferrari. That's fine with us. Related Video: Featured Gallery Ferrari LaFerrari Aperta: Paris 2016 View 21 Photos Related Gallery Ferrari LaFerrari Spider Related Gallery Ferrari 488 Spider 70th Anniversary Edition: Paris 2016 View 10 Photos Image Credit: Live photos copyright 2016 Drew Phillips / Autoblog Design/Style Paris Motor Show Ferrari Convertible Performance ferrari laferrari 2016 paris motor show ferrari laferrari spider ferrari laferrari aperta

UK collector pays $800k for license plate '25 O'

You can't get a vanity license plate in the UK, but Brits have proven their willingness time and time again to part with huge amounts of cash in order to get a particularly desirable number to put on the front and back of their high-priced machinery. This time, a Ferrari collector paid over $800,000 for the license plate "25 O." The princely sum of GBP518,000 – equivalent to over $814k at today's rates – was paid by John Collins, owner of classic car broker Talacrest. Collins reportedly intends to put it on his Ferrari 250 GT SWB. What's more is that he had just paid another GBP130,320 ($205k) for the license plate "250 L" that he plans to put on his 1964 Ferrari 250 GT Lusso, the long-wheelbase touring version of the same vehicle. The winning bids were placed at an auction held by the UK's Driver and Vehicle Licensing Agency – the 150th such auction held by the government office, marking its 25th anniversary. The "25 O" plate broke the event's previous record of GBP357,000 ($560k), paid in March 2009 for plate number "1 D." In 2008 noted tuner Afzal Kahn bought the license plate "F1" for GBP440,000, which is less than what Collins paid for "25 O" but different exchange rates worked that out to $870k at the time. Kahn was said to have turned down a $9 million offer for that plate last year. DVLA PERSONALISED REGISTRATIONS SETS A NEW BRITISH RECORD AS 25 O SELLS FOR GBP500,000 DVLA Personalised Registrations has set a new British record for a personalised registration sold by the Agency after 25 O was bought for more than GBP500,000. Incredibly, John Collins, who, as owner of Talacrest, is regarded as one of the world's leading collectors and dealers of classic Ferraris, bought 25 O for GBP518,000 less than three hours after successfully buying 250 L for a staggering GBP130,320. Both sums include fees and take the total amount paid by the businessman to GBP648,320. Both are among the 1,600 registrations being auctioned by the Agency as part of its 25th Anniversary three-day auction – and also 150th live sale – currently being held at The Vale Resort near Cardiff. Both registrations will be placed on two of the world's most exclusive cars; 250 L will head onto a rare 1964 Ferrari Lusso, while 25 O will sit on the Ferrari 250 SWB once owned by the rock singer Eric Clapton.