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Ferrari 250 GTO could fetch as much as $75 million at auction

Last month we reported on a Ferrari 250 GTO heading for the auction block at Pebble Beach. We knew at the time it would break records and bring in tens of millions of dollars. But now that the gavel is about to drop, it looks like even our projections could fall short.
According to a report on Bloomberg, citing the classic car authorities at Hagerty Insurance, the GTO in question (pictured above) could fetch upwards of $60 million and as much as $75 million when the auction takes place two days from now in Monterey, CA.
Hagerty's reported estimate would not only blow the previous records out of the water, but would eclipse the pre-sale estimate attributed to Bonhams, the auction house handling its sale, which placed its value between $30 million and $40 million.

Ferrari recalls 458 Italia because its trunk is a dangerous place to stow kids

Ferrari is recalling 3,000 458 Italia and Spider models and, believe it or not, it's not because they may catch fire. Nope, instead, the issue focuses on anyone that's unfortunate enough to become trapped in the Ferrari's perilously small frunk (front-mounted trunk).
Apparently, should someone find themselves trapped in the car's nose, the interior release handle only lets loose one of frunk's latches. That means that while anyone held captive by the V8-powered supercar won't be in danger of suffocating and will still be able to call for help, the cars are still ultimately in violation of federal safety mandates.
According to Uncle Sam, should someone become trapped in a trunk, like a child, they must be able to open the trunk from the inside and escape. That can't happen in the 458.

Ferrari F150 Enzo-successor takes some loud laps at Fiorano

From recent spy shots to leaked information, we're starting to get a good idea about just how amazing the unnamed successor to the Ferrari Enzo will be, but now we've finally gotten to see some video of the car testing at the Fiorano Circuit in Italy. This video not only gives us an earful of the car's screaming engine and rumbling exhaust note, it also affords us a view of the car without its fish-face camouflage that it has been caught wearing recently.
The video shows the new supercar testing around the 12-turn, 1.877-mile track with an Enzo, and it is interesting to hear the differences between the 651-horsepower Enzo and its reportedly 950-hp hybrid successor. Scroll down to watch the newest Ferrari going through some track testing, and be sure to turn your speakers up.