2014 Ferrari 458 Spider on 2040-cars

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Ferrari cuts Toronto lawyer a deal to replace his flooded California [w/video]

A Ferrari might be the last vehicle you'd want to be driving when streets are submerged in water, but Toronto lawyer Howard Levitt was unfortunate enough to be behind the wheel of his $200,000+ Ferrari California when the tunnel he was driving through started to fill up. It was July, when parts of the Canadian city were flooded, but he was determined to make his flight to a court appearance the next day. So Levitt abandoned his metallic blue supercar in the middle of the street and took a cab to the airport, the National Post reports.
The car subsequently was totaled, and the insurance company covered the damage, so after completing his court assignment (and a column for the Financial Post that was due the same day), Levitt began to search for a replacement for his California - driving his 1994 Dodge Viper in the meantime. He decided on a 2014 California in the same metallic blue to replace his 2010 model. When he approached Ferrari to put in an order, the Italian marque was waiting for him, having heard of his mishap. The company offered him a "very generous" deal on a 2014 model; an undisclosed amount less than the after-options retail price of around $300,000.
The new Ferrari is expected to be delivered to Levitt in November, and we can only hope another flood doesn't catch him off guard. We're not so sure Ferrari would offer him another "very generous" deal. Feel free to watch the short video below, despite its rather static nature, which we included to precisely show the sad fate of Levitt's fallen California.

The limited-run Ferrari J50 is the coolest 488 Spider you can't buy

Ferrari is really good at celebrating things. In recognition of 50 years of selling cars in Japan, the company is building a few one-off versions of the 488 Spider, called the J50. That's our kind of anniversary present. Just 10 of these cars will be built, and each will be customized to the taste of its owner. The J50 gets a 681-horsepower version of the 488's 3.9-liter twin-turbo V8 and of course wraps it all in different bodywork. The interior gets some custom attention as well, with different trim but most of the normal parts from the 488 Spider. It's not shown here, but there's a two-piece carbon-fiber targa roof that stows behind the seats and is supported by the matte carbon roll hoops. Design highlights include a polycarbonate bubble over the engine, a channel that wraps the front end and the sides, a chopped windshield and side glass, and a fantastic looking rear diffuser. The front end reminds us of some old GM aero concepts, but in the best way possible. If you want one, you're probably already too late. Ferrari likely offered these to its best Japanese customers before the car was even unveiled. You have 50 years to save up for the next one; better luck next time. Related Video: Featured Gallery Ferrari J50 Ferrari Convertible Luxury Performance Supercars ferrari 488 spider

Lewis Hamilton wins Russian Grand Prix in 1-2 victory for Mercedes

SOCHI, Russia — Lewis Hamilton coasted to a comfortable victory and led a Mercedes one-two finish at the Russian Grand Prix on Sunday to tighten his grip on a sixth World Championship. In a calamitous few laps for Ferrari, the Italian team threw away a possible one-two finish of its own after Sebastian Vettel broke down and Charles Leclerc dropped from first to third. Valtteri Bottas followed teammate Hamilton home at the Sochi Autodrome as Mercedes secured the full quota of points. Hamilton now leads Bottas in the championship by 73 points. Leclerc is 107 points behind the British driver. Max Verstappen finished fourth ahead of Red Bull teammate Alex Albon, who started last after he crashed out during qualifying. "What an effort, guys," said a jubilant Hamilton on the radio after the race. "What an incredible job. That is exactly what we needed. We never give up." Ferrari had already got themselves into a needless mess before Vettel retired with an engine failure on lap 28. Vettel got the jump on pole-sitter Leclerc on the long drag down to the second corner but a curious pre-race arrangement had Leclerc calling for the roles to be reversed. It appears that the team had agreed that if Vettel benefited from Leclerc's slipstream and moved ahead of the Frenchman off the start line, he would have to concede the position. Ferrari were on the radio to tell Vettel to let Leclerc by, but the four-time world champion resisted the order. Leclerc protested over the radio. "You put me behind and I respected everything," he said. "We will talk later." The Ferrari pit wall were on to Vettel again, but again the German refused to let his teammate pass, fearing that he would be exposed to Hamilton in third place if he slowed down. Leclerc was the first to stop on lap 22, but instead of calling in Vettel the next time around Vettel was left on old tires as his teammate put in several fast laps on his fresh tires. Four laps after Leclerc pitted, Vettel was eventually called in and by the time he emerged he had fallen behind his teammate and into second place. Just moments later disaster struck as Vettel broke down with an engine failure. It was then to get worse for the Scuderia. With Vettel's broken down machine in a precarious position, the virtual safety car was deployed to slow down the field, allowing Hamilton, who had yet to pit, a free stop for tires and the lead of the race. George Russell then crashed out in his Williams and the full safety car was deployed.