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Is the $1.4M LaFerrari sold out?

If you look at the stratospheric sticker prices on the latest generation of hypercars and wonder how an automaker could possibly justify it, bear in mind a few factoids. For one thing, even when the sticker prices start lower, they quickly balloon past the million-dollar mark. For another, automakers charge that much because they can, and don't seem to have much trouble selling them all.
Case in point: the new LaFerrari. While presenting the state-of-the-art supercar on CNBC, Ferrari North America CEO Marco Mattiacci revealed that all 499 examples that will be made of the hybrid hypercar - including those 120 earmarked for North America - have already been spoken for. This despite the $1.4 million asking price that makes it the most expensive Ferrari ever made.
Or the most expensive new Ferrari, we should say, because prices for the most collectable machines ever to roll out the gates at Maranello continue to rise. Figure you'll save a little and get LaFerrari's predecessor? Trading hands these days at prices approaching $2 million (around three times its original $660k MSRP), the Enzo is even more expensive. And that's just the scarlet tip of the iceberg.

Lawsuit alleges Ferrari diagnostic tool used to roll back odometers

A longtime Ferrari salesman is accusing a Palm Beach dealership of using Ferrari's DEIS diagnostic tester tool to reset a 2015 LaFerrari's odometer, driving the supercar's value up by over $1 million. The lawsuit alleges that in October 2015, a technician at New Country Motor Cars reset the digital odometer of the LaFerrari in exchange for cash from its then-owner. What makes the lawsuit especially interesting is that it says using the DEIS tester to perform a rollback would require logging in with Ferrari North America, and alleges the technician was on the phone with Ferrari NA during the operation. The odometer-tampering allegation came up as part of the plaintiff's wrongful-termination claim against New Country Motor Cars. The lawsuit also alleges the tester has been used for this purpose beginning in April 2010, along with a written Ferrari policy manual and instructions and factory authorization, and was performed as recently as March 2015 during official Ferrari factory technician training in Italy. Odometer tampering is a dodgy business and a federal crime, no matter whether you're turning back the reading of an old taxi or a Ferrari worth millions. The lawsuit was first reported by the British Daily Mail, and subsequently covered by Jalopnik. The lawsuit has produced a countersuit by the owner of the LaFerrari in question.Related Video:

Ferrari USA boss takes over as F1 team principal steps down

Stefano Domenicali, the team principal of Ferrari's struggling Formula One team, has resigned. Domenicali's term at the helm of the legendary F1 team started with a bang, as the Scuderia captured the constructors' title in 2008, but went downhill rather quickly.
In his tenure, Domenicali, above, has witnessed Red Bull assert its dominance of F1 while the red cars from Italy have languished, failing to even challenge for a championship during the past four seasons. Ferrari's best season under Domenicali was 2012, and it still finished 60 points behind Red Bull.
Domenicali issued a statement saying he took "responsibility, as I have always done, for our current situation."