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This is the amazing Christmas wonderland Ferrari builds for kids every year

Granted, when we think of a "Ferrari Christmas Wonderland" our dreams naturally manifest something like a red FF with a bow on the hood and keys on the seat, parked in front of a Fiorano Circuit that's ours for the day. A guy's gotta dream, right?
But, luckily for a lot of beaming children and their grateful, non-selfish parents, Ferrari's gift back to the people of Maranello is far more festive. The Italian automaker clearly pulls out all of the stops for its annual Kids Christmas party to celebrate the season. The event, which sees the Ferrari grounds transformed in to a veritable amusement park in a holiday theme, seems pretty massive of scale and impressive in its detail.
Click through to the video clip below to see what we mean, and pay special attention about two-thirds of the way through, when a special contingent of 'Santas' drop by to say "Boun Natale."

The Ferrari GTC4Lusso T ditches the V12 and AWD for a turbo V8 and rear drive

Ferrari continues to turbocharge its lineup with the latest addition – the GTC4Lusso T. This car has the same body as the four-seat GTC4Lusso, but features a turbocharged V8 and sends power only to the rear wheels, a recipe that might just make the gorgeous, elongated hatchback even better to drive. Aside from the addition of the T badge, the majority of the updates were made under the car's body. Gone is the beastly naturally aspirated 6.3-liter V12, and in its place is a twin-turbocharged 3.9-liter V8. The new engine is similar to the one found in the California T, but it has been revised to make a little more power: The 3.9-liter in the GTC4Lusso T puts out 602 horsepower and 560 pound-feet of torque. That's a 78-hp decrease from the GTC4Lusso's V12 motor, but 46 lb-ft more. View 17 Photos While some will see the decrease in power as a downgrade, which it kind of is, the GTC4Lusso T is rear-wheel-drive only and, according to Ferrari, lighter. Much of that weight savings comes from removing the trick all-wheel-drive gearbox that sits in front of the V12 GTC4Lusso's engine, and its absence also shifts the vehicle's weight bias towards the rear, with a 46:54 split. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Ferrari claims the GTC4Lusso T's turbocharged V8 has been engineered for everyday driving with modular torque delivery and a muted exhaust note at low speeds. The vehicle's dynamic systems have also been updated with the 4WS (rear-wheel steering) and Side Slip Control (SSC3) now more responsive to steering wheel inputs. No performance figures for the turbocharged V8 model have been released, but the GTC4Lusso T should manage to get close to the GTC4Lusso's 0-to-62 mph time of 3.4 seconds, but have a lower top speed than the V12 model, which tops out at 208 mph. Already missing the naturally aspirated V12 and all-wheel drive? Don't fret, as a Ferrari spokesperson confirmed that the automaker will continue to sell the GTC4Lusso alongside the GTC4Lusso T. The new model will make its world debut at next week's Paris Motor Show. Related Video: Related Gallery 2017 Ferrari GTC4Lusso T News Source: FerrariImage Credit: Live photos copyright 2016 Drew Phillips / Autoblog Paris Motor Show Ferrari Coupe Hatchback Wagon Performance Supercars 2016 paris motor show

Ferrari worth over $11 billion, says Marchionne ahead of IPO

We all know that cars from Ferrari sell for hundreds of thousands, if not millions of dollars. But how much is Ferrari worth as a company? At least ten billion, according to its chairman. Speaking at the launch of the revised Fiat 500 in Turin on Friday, Fiat Chrysler CEO and Ferrari chairman Sergio Marchionne said he expected the vaunted Maranello-based supercar manufacturer and racing team to be valued at over 10 billion euros, or about $11 billion at current exchange rates. As Bloomberg points out, that would make Ferrari alone account for some 60 percent of the value of its parent company Fiat Chrysler Automobiles, which is currently valued at over 16 billion euros. That may seem like an aggressive estimate, but we won't have to take Marchionne at his word for long. After having floated an Initial Public Offering on the New York Stock Exchange last year, Fiat Chrysler is preparing to do the same with its Ferrari unit as soon as October. FCA will not, of course, be selling off all of its shares. The projected scheme would have ten percent (worth about one billion by Marchionne's estimates) of Ferrari's shares floated on the NYSE. Another 10 percent is expected to remain in the hands of founder Enzo's son (and company vice chairman) Piero Ferrari's hands. The remaining 80 percent is slated to be distributed among Fiat Chrysler's existing stakeholders.