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Father's ultra-rare Ferrari to leave family for a good cause

It isn't every day that the rarest of Ferrari models change hands. In fact, you can count your fingers to get the number of 275 GTB/4*S N.A.R.T. Spyders that ever existed. The 1967 Ferrari you see here is one of those ten Spyders, and it has stayed in the same family since it was bought new.
The car was bought through Luigi Chinetti, Ferrari's US importer at the time, by the late Eddie Smith Sr., a Ferrari collector and businessman from North Carolina. Smith kept it - and kept driving it - until the day he died six years ago. Since then, this remarkable machine has been collecting dust. Smith's son, Eddie Smith Jr., spent some time with Petrolicious to give a history of the car and explain why he and his family are going to do the one thing his father never could: sell it. The catch? All of the money it earns on the auction block will be donated to charity.
"It'll be a bittersweet thing, because we know the fact that all the money is going to charities that he would approve of," Smith Jr. said about his father, and it "will really make him smile, because he loved to give back."

Ferrari 458 Challenge's door pummeled by passing Mazda

Sometimes, following the simplest rules of driving can make the biggest of differences. For example, had the driver of this Ferrari 458 Challenge racecar checked his mirror before getting out, maybe a passing car wouldn't have plowed into the door. Oops. A viral video has been making the rounds this week showing a nightmare scenario between a track-focused Ferrari and a pedestrian Mazda sedan. The Ferrari is seen slowly driving through a tight street before stopping to talk to somebody through his extremely tiny race-adapted window. The driver is told to park on the side of the street, while onlookers take photos and video. Unfortunately, the driver was so focused on parking and getting out, that he opened his door without checking for incoming traffic. The door swings open right before what appears to be a Mazda 3 drives through the street. The door is obliterated, and the video stops. The 458 Challenge debuted in 2010. It has a 570-horsepower V8 from the 458 Italia, but its weight, handling, and driving characteristics were significantly altered for racing. The gear ratios and transmission were adjusted for better low-end torque, it has stiffer springs and a lower stance, upgraded brakes, and thinner body panels. Right now on DuPont Registry, there are a variety of 458 Challenges for sale ranging from about $125,000 to roughly $200,000. All said, Challenge Ferraris are intended for track use only. Maybe the driver should have listened?

Fiat Chrysler denies rumors that Ferrari SpA is moving to London

It seems that reports of Ferrari's relocation to London have been somewhat exaggerated. The past few days have seen more than a few stories on the legendary Italian brand's decision to move its tax base out of Italy, and now Fiat Chrysler is speaking out against the scuttlebutt. "These rumors have no grounds," FCA said in a statement obtained by Reuters. "There is no intention to move the tax residence of Ferrari SpA outside Italy, nor is there any project to delocalize its Italian operations, which will continue to be subject to Italian tax jurisdiction." Ferrari's move to London was based on two beliefs. First, that the company would benefit from being located nearer the investor community, should it be listed on a European exchange. FCA, though, said a European listing was only a "possibility," according to Reuters. Instead, the company will be listed on an American market. Aside from the move to benefit investors, it was believed Ferrari was looking to relocate to escape Italy's more oppressive corporate tax rate, which sits around at 31.4 percent, compared to the UK's 20 percent, Bloomberg reports. This denial by Fiat Chrysler, though, should be enough to close the book on Ferrari leaving Italy, no matter how much sense it might make. Related Video: