Only 1k Miles Carbon Fiber Daytona Seats Adv1 Wheels Sport Exh Scuderia Shields on 2040-cars

Auto blog

Ferrari 250 GT California nets $17 million at Amelia Island

The 1961 Ferrari 250 GT SWB California Spider is famed for its feature (in replica form) in "Ferris Beuller's Day Off" and as one of the more valuable Ferrari models. This year's Gooding & Company auction at the Amelia Island Concours d'Elegance have has cemented that with a high-dollar example. This 250 is indeed a real example, one of just 56 ever made, and only 37 with those desirable covered headlights. This was the first time this particular example was ever offered for sale to the public in its 55-year history, and it fetched $17.16 million at the Florida concours over the weekend. That's not quite enough to take the record for this highly sought-after model. According to Sports Car Market, that still belongs to the barn-find example that Artcurial sold last year for over $18 million. But it did beat its own pre-sale estimates, and was enough to top Gooding's list as well as that of Amelia Island. Related Video:   Gooding & Company Sets Amelia Island Record for Single Lot and Celebrates More Than $60 Million in Sales from its 2016 Amelia Island Auction - 1961 Ferrari 250 GT SWB California Spider Fetches $17,160,000, a Gooding & Company Record - Selections from The Jerry Seinfeld Collection Total More Than $22.2 Million AMELIA ISLAND, Fla. (March 13, 2016) – Gooding & Company, the auction house acclaimed for selling the world's most significant and valuable collector cars with the tradition of presenting some of the greatest collections to ever come to market, realized $60,162,150 in a single day at the company's 2016 Amelia Island Auction. The most talked about event of the week did not disappoint, as President David Gooding and Auctioneer Charlie Ross sold 69 of 79 lots for an impressive 87% sales rate, which resulted in an astounding average price of $871,915 per car sold. The standing-room-only crowd also witnessed the company achieve nine new world auction benchmarks. There were highlights throughout the auction, including the $22,244,500 garnered by Selections from The Jerry Seinfeld Collection and the star of the day, the 1961 Ferrari 250 GT SWB California Spider which commanded a price of $17,160,000. "We are delighted with our auction results and are proud of the new auction records we have set, which demonstrates that there is a strong demand for high quality cars," stated David Gooding, President of Gooding & Company. "The room was electric from the beginning and the crowd's intensity only grew when Mr.

FCA's European boss quits after losing out as Marchionne's replacement

MILAN — Fiat Chrysler's European boss has quit, adding to the problems facing new CEO Mike Manley, who must deliver on promises to boost production of SUVs and catch up with rivals in electric cars. Jeep division head Manley was named on Saturday to succeed Chief Executive Sergio Marchionne, one of the auto industry's most tenacious and respected leaders, who fell seriously ill after suffering complications following surgery. It emerged on Monday that Alfredo Altavilla, head of Fiat Chrysler's business in the Europe, Middle East Africa had resigned, according to a source with knowledge of the matter. He had been a rival for the top job along with Manley and Chief Financial Officer Richard Palmer. It's another complication to new CEO Manley's task of executing his predecessor's plan to keep the world's seventh-largest carmaker competitive in the absence of a merger. Marchionne had been due to step down next April, so the market reaction was limited on Monday. The shares initially fell more than 5 percent, but then pared some losses and were down 2.4 percent by 0930 GMT. "The downside may be modest, at least in the next 12 months. But long-term concerns will build — Marchionne ran FCA in a command and control style, with constant firefighting measures," said Bernstein analyst Max Warburton. Fiat Chrysler Automobiles (FCA) said British-born Manley would pursue the strategy that Marchionne outlined last month. FCA has pledged to increase production of sport utility vehicles and invest in electric and hybrid cars to double operating profit by 2022. It also unveiled bold targets for Jeep, which has become FCA's ticket to creating a high-margin brand with global appeal. Reviving struggling brands Analysts said that choosing Manley, 54, under whose watch Jeep's sales surged fourfold, sent a clear message that FCA was staying on course and would keep the Jeep brand at the heart of its growth plan. "Manley knows that his primary focus is on execution and that, already, he has a strategy into which his team has bought," said George Galliers, an analyst at Evercore ISI. "There is no reason the 2022 plan cannot be executed." Under Manley, the company is expected to sharpen its focus on revamping individual brands, including ailing Fiat in Europe, Chrysler in the United States and Alfa Romeo, which has yet to turn a profit despite multibillion-euro investments.

Party boy videos his night of drinking, driving - and downfall

So, I've thrown around the word "Schadenfreude" a lot around here. Roughly translated as "joy at another's misfortune," it's one of those lovely German-language compound words that perfectly sums up some part of the human condition. Another of my favorites is " B ackpfeifengesicht." This one translates as "a face in need of a fist." In this story out of Morocco about a rich young man drinking, driving, and crashing a Ferrari, both of those words come immediately to mind. According to NDTV, a 20-year-old spent a wild night on the town in Rabat back in April. The unnamed man spent his evening partying, drinking champagne, dancing at clubs, and racing his slate-colored Ferrari California around the city. Someone who was with him recorded the evening for posterity, and caught him drinking out of a bottle of champagne, completely annihilated, while driving and generally acting the fool. As you can imagine, the evening didn't end well for him. In the morning, he was still apparently drunk and driving around. He smashed into a small, silver sedan, which caved in that car's door and mangled the California's frontend. Unfazed, our man shot a little video of himself dancing around the crash scene, giving the cops lip, and smoking in the back of an ambulance. I guess he thought his wealth and status would get him out of trouble. Joke's on him, though. Morocco's official MAP news agency stated that the Ferrari driver was found guilty of driving while intoxicated and driving without insurance. For this, he got two years in jail and was slapped with a 2,000 euro fine. And that, friends, is Schadenfreude and B ackpfeifengesicht in action. Related Video News Source: NDTV Auto News Weird Car News Ferrari drunk driving morocco