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Ferrari 288 GTO to be auctioned by Mecum in Monterey

If you're a rather affluent person attending the Pebble Beach Concours d'Elegance this year, you may want to set aside some spending money. Mecum is offering this gorgeous Ferrari 288 GTO at its Monterey auction. For those that don't know about the 288 GTO, it is one of Ferrari's greatest supercars, frequently compared with its successor, the F40. The car was originally developed for the fast and dangerous Group B rally racing class and featured a twin-turbocharged 2.8 liter V8 making 400 horsepower. Not only that, but the steel tube-frame chassis was draped in cutting-edge carbon fiber and Kevlar body panels. This particular model has just over 11,000 kilometers on the clock. If anyone of us at our office had it, that number would be multiplied a few times over. And it would likely be a reasonably comfortable driver, since this one has the option package that added air conditioning, a stereo and power windows. The stereo might be a tad superfluous considering the likely sonorous powertrain in this machine. The car also carries certification from Ferrari's in-house certifier and restorer, Ferrari Classiche. All this could be yours provided you have the cash to back up your bids. Mecum is expecting the 288 GTO to bring between two and three million dollars. This falls in line with Hagerty Insurance's average valuation of $2,350,000. That sum is a significant jump from five years ago when Hemmings estimated a good model going for about $650,000. Related Video:

Marchionne wants Maserati to be FCA's new Ferrari

Fiat Chrysler Automobiles is gearing up to spin Ferrari, its most profitable brand, off into another company, and float its stock on the open market. That means it's going to need another profit-driver to generate income for the rest of the group. And according to its chief executive Sergio Marchionne, that mantle will soon be picked up by Maserati. FCA is betting big on Maserati, which has long stood as a niche marque with a limited array of models and low sales numbers. In addition to the recently introduced Ghibli and Quattroporte sedans – now crucially offered with diesels and all-wheel drive – Maserati is preparing to roll out the Levante crossover that promises to do for the Modenese marque what the Cayenne did for Porsche. Due in part to the success of its first crossover, Porsche turned itself from a niche sports car manufacturer into an immensely profitable automaker that was (nearly) capable of buying out the entire Volkswagen Group. Maserati's resurgence is part of a two-pronged assault FCA is plotting against its German rivals. Maserati will be charged with taking on the higher end of the Mercedes, BMW, and Audi ranges (from the E-Class, 5 Series and A6 upwards). Meanwhile, Alfa Romeo will go after the lower end of the luxury spectrum with the new Giulia (aimed at the C-Class, 3 Series and A4) and other models to follow. FCA aims to turn Maserati and Alfa Romeo (along with Jeep) into global brands, broadening the narrow geographical appeal they have held until now. In order to generate enough profit to support the rest of the group as Ferrari has, Maserati will need to find a way to increase its profit margins. Bloomberg reports that Ferraris command a 13-percent profit margin, and while the ten percent that Maseratis list for is still triple that of the FCA average, slow sales are forcing some dealers to offer deep incentives that cut significantly into that margin. Related Video:

If you need a carbon-fiber-bodied Ferrari F12, meet the Caballeria

Customizing a Ferrari, or any exotic for that matter, is a tricky process. Extreme looks and performance mean tuners and designers can't push the envelope much further without getting into tacky territory. But Spanish designers Bengala have toed the line with the new F12 Caballeria. Based on the F12berlinetta, obviously, Bengala claims the Caballeria draws inspiration from Ferrari's GT3 racers. We don't see it, but sure. The all-carbon-fiber body includes numerous smaller tweaks – check out the vents behind the doors and the new hood, for example – on top of much more drastic changes. The restyled fascia, larger intake, carbon-fiber splitter, and massive rear diffuser are the most obvious callbacks to Ferrari's road-going racers, while it looks like Bengala plucked certain new elements, like the three louver-style vents on top of the front fenders, from other Ferrari production cars. Those are the rear fender vents of the F12 TdF, for example. Bengala also swapped out the wheels for an Alpina-like fan-blade design. If you have money burning a hole in your pocket and dig the Caballeria's style, it might not look like a bad purchase. But be warned, unlike some other noted Ferrari modifiers, it doesn't sound like Bengala made any changes to the F12's 6.3-liter V12 engine. The company's press release didn't call out any mechanical changes, although that means there's still 730 ponies on tap – it's probably not a deal breaker. Like most of its projects, Bengala will only build 10 F12 Caballerias. It expects to wrap up production by the end of summer 2017. Related Video: