Pristine Collectible+spotless+all Service Records on 2040-cars

Auto blog

Ferrari third-quarter profit doubles on one-off tax break

MILAN — Ferrari says its net earnings doubled in the third quarter thanks mostly to one-off tax benefit. The sports car maker said Monday that net earnings were 287 million euros ($327 million) compared with 141 million euros a year earlier. The company said earnings grew 5 percent when excluding the so-called patent box tax break, agreed on with Italian authorities, covering use of copyrights, patents, trademarks, design and know-how. Deliveries were up 11 percent to 2,262 vehicles driven by sales of the 812 Superfast and the Ferrari Portofino, with revenues flat at 838 million euros. Europe and Middle East sales were up by double digits to 1,005. The Americas grew by 5 percent and greater China by 7 percent. Ferrari forecast full-year sales at over 9,000 cars with profits of 1.1 billion euros.Related Video:

New Ferrari F1 car looks like a big step up, says Sebastian Vettel

SILVERSTONE, England — Ferrari's new SF71H Formula One car already looks a big step up from last year's before it has turned a wheel in anger, four-time world champion Sebastian Vettel said at Thursday's unveiling. The sport's oldest and most successful team is hoping the car, with more red and less white in the livery following the departure of sponsor Santander, will take it to a first championship in a decade. Vettel won five races last season but finished runner-up to Mercedes' Lewis Hamilton, who is now also a four-time world champion. "Now is the time when you see the car, it's all ready and you want to get in and go out on the track and have a go," the German told guests at the Italian team's Maranello factory. "To stand here now is very special for all of us. I think they are all waiting for us to say how it feels. So we can't wait to get out on track to see how the car performs, how it behaves. "I think that's the answer that we all want to hear, and we go from there. For sure, the amount of effort that has gone in and the attention to detail in so many areas is impressive." The presentation, online and through social media channels, came on the same day that Mercedes was showing off its new F1 W09 car. In an act of sportsmanship, the British-based team made sure reporters attending their event at Silverstone could watch the Ferrari unveiling on television screens during a break for lunch. Ferrari technical head Mattia Binotto said the car, narrower and with a slightly longer wheelbase as well as more aggressive sidepods, was an evolution of the 2017 car, which performed well on slower speed circuits but lacked reliability. "Every little detail matters, every part can make a difference, and I think this year's car is a big step from last year's," declared Vettel, whose four titles were with Red Bull between 2010 and 2013. Finnish teammate Kimi Raikkonen, who is now 38 and out of contract at the end of the season, said it looked good despite the addition of the now-mandatory halo head-protection device. "When it looks nice, the speed is also there. But obviously we will see that next week," said the 2007 world champion who will be testing the car with Vettel at Barcelona's Circuit de Catalunya next week. Reporting by Alan BaldwinRelated Video:

Autoblog's ultimate holiday rides

Over the hills and through the woods, it's the time of year when many of us visit family and friends for the holidays. But getting there can be a chore. It's cold and snowy across much of the United States, and even if the climate is favorable, the drive to grandmother's house often is not. Think back to holiday road trips of yore: They probably included crying babies, antsy children, hungover adults and frequent bathrooms stops all around. Now, we're all at different life stages here at Autoblog, and the perfect car for one staffer might be as useful as a team of Budweiser Clydesdales to another. Some of us bounce from family event to family event with children and a labrador in tow, while others prefer a quieter, simpler holiday. But whatever the endeavor, we all need wheels. With that in mind, here is the unofficial Autoblog list of the ultimate cars in which to tackle the holiday season. 2015 Ferrari FF To borrow a chestnut from Top Gear presenter James May, "As you'd expect, I've done this properly." That oddly voluptuous ruby bolide in the photo above? It's a 2015 Ferrari FF – all 652 all-wheel-driven horsepower of it. What makes a Ferrari the ideal for holiday time in PaukertLand? My Midwestern winter breaks are wonderful, but they're typically frenetic and slushy, involving a lot of schlepping from house to house and even city to city, not to mention inevitable last-minute runs for forgotten presents and dinner ingredients. Needless to say, a powerful V12 is a welcome ally for such duties. And this one isn't just a friend when the road is clear. The FF has been gifted Ferrari's novel 4RM AWD system, and despite sitting lower to the ground than, say, an SUV, it's a pretty effective tool for real winter driving, especially when outfitted with a set of snow tires. Unlike other Ferraris, it's also a rather practical thing, with legitimate seating for four adults and 15.9 cubic feet of cargo space – that's precisely as much room as a Mercedes E-Class – and you can fold the rear chairs and cram 28.2 cubes-worth of holiday cheer in the back. Okay, so it's far from cheap and fuel economy isn't that great, but who cares? Just drop a paddle-shifted gear or two, bury the throttle and Repeat The Sounding Joy. Ain't the holidays grand? – Chris Paukert Executive Editor 2015 Chevrolet Tahoe My Mom gives out more presents than any other human being I've ever encountered.