1981 Ferrari 308 Gtsi Targa Coupe on 2040-cars

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In some Italian cities, even fast cars can no longer go fast

There’s so much to love about Italy: spaghetti carbonara, Ferraris, tiramisu, Michelangelo, high speed limitsÂ…. Wait. About those speed limits. In Bologna, a town with enormous character and exceptional cuisine, the city fathers only last month imposed a speed limit in the town of 30 kilometers per hour — about 20 mph — to make it safer and “more livable.” Critics of the measure are not contento. According to a recent story in The New York Times, drivers there argue that Bologna is “slowing to a standstill since it became the first major Italian city” to join a growing group of European municipalities that in the past few years have adjusted speed limits downward by half. The new rules, in place in Paris, Brussels, Copenhagen and cities across Spain, mark an effort to cut pollution, reduce energy use, and disincentivize car use. As reported by the Times, BolognaÂ’s mayor, Matteo Lepore, included the new speed limit among the campaign promises that helped to get him elected in 2021. Referring to the lower limit, he said, “Driving at 30 is part of a vision of a more democratic and more sustainable use of public space,” where neighborhoods put children and older people first, and investments favor bike paths and public transportation to work toward carbon neutrality. Adding fuel to the smolder, Bologna is the capital of a region that is home to Ferrari, Lamborghini and Pagani. The action in Italy has spurred protests, and petitions from some commuters that their daily travels to and from the city have grown substantially longer. And recently, the Times reported, a gathering attracted dozens of cranky citizens and cabbies to the streets, where they drove at a snailÂ’s pace in a makeshift parade, loudly honking horns and snarling traffic. The new speed limit “is impossible” to drive at, said Giorgio Gorza, who heads a citizenÂ’s group. “ItÂ’s like standing still, and no one takes a car if youÂ’re going to stay still, if it takes longer than walking. ItÂ’s illogical.” In 2021, according to the story, Olbia, in Sardinia, became the first Italian city to set a broad limit of 30 klicks an hour.

Why Italians are no longer buying supercars

Italy is the wound that continues to drain blood from the body financial of Italian supercar and sports car makers. The wound was opened by the country's various financial police who decided to get serious about superyacht-owning and supercar-driving tax cheats a few years ago, by noting their registrations and checking their incomes. When it was found that a rather high percentage of exotic toy owners had claimed a rather low annual income - certain business owners were found to be declaring less income than their employees - the owners began dumping their cars and prospective buyers declined to buy.
Car and Driver has a piece on how the initiative is hitting the home market the hardest. Lamborghini sold 1,302 cars worldwide in 2010, 1,602 cars in 2011 and 2,083 cars in 2012 - an excellent surge in just two years. In Italy, however, it's all about the ebb: in 2010, the year that Italian police began scouring harbors, Lamborghini sold 96 cars in Italy, the next year it sold 72, last year it sold just 60. The declines for Maserati and Ferrari are even more pronounced.
Head over to CD for the full story and the numbers. What might be most incredible isn't the cause and effect, but where the blame is being placed. A year ago the chairman of Italy's Federauto accused the government of "terrorizing potential clients," this year Luca di Montezemolo says what's happening has created "a hostile environment for ­luxury goods." Life at the top, it ain't easy.

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.