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Ferrari Monza SP1 and SP2 are its most powerful road cars of all time

Ferrari just pulled the wraps off the limited-edition Monza SP1 and SP2, and successfully reminded the world that it still knows how to make a jaw-dropping car. We saw the supercars and learned a few details about them earlier today when someone posted pictures on Instagram from a private Ferrari event. Now we have all the details and official photos from Ferrari. Providing the thrust is the most powerful engine Ferrari has ever built for a road car. It took the 6.5-liter V12 from the 812 Superfast and eked out a few more ponies to get it to 809 horsepower and 530 pound-feet of torque. Ferrari says that's good for a 0-62 run in 2.9 seconds - oh yeah, there's no windshield either. The SP1 is a one-seater and the SP2 is logically a two-seater. They were designed to take us back down Ferrari's memory lane, namely those of the 1940s and 1950s era where the name "barchetta" grew from. In decidedly not-old news, though, both are made of carbon fiber and go over 186 mph. They're light, but not crazily so with the SP1 coming in at 3,307 pounds. The pair are also part of a new segment Ferrari is calling 'Icona,' which, as you may have guessed, translates to Icon. Ferrari thinks it solved the windshield delete issue too. Apparently the fairing ahead of the steering wheel and instrument panel is designed to disrupt part of the airflow when traveling at speed. We'd imagine a helmet might still be the smart option though. Ferrari only plans to build 500 of these cars and hasn't publicly announced a price, but it's safe to assume that they won't be cheap and your chances of snapping one up are slim to none. Featured Video:

Ferrari vetoes F1 engine supply cost cap

The costs associated with competing in Formula One are enormous. In addressing the problem, the FIA has proposed a number of measures aimed at reducing those expenses. But while most of the teams are apparently on board, one key player has exercised its veto to defeat the initiative. The issue came up at a recent meeting of the Formula One Strategy Group, where the participating parties discussed implementing a global cost ceiling, amending the regulations in order to drive down costs, and increasing the standardization of common parts. However one of the most concrete steps would have seen the FIA institute a maximum price which engine suppliers could charge independent teams for their power units. The issue was put to a vote, which the FIA reports passed with a "large majority." But Ferrari vetoed the measure, exercising the right accorded to it under the governing regulations – a step which the FIA will not contest. With its cost-cap measure defeated, the governing body has confirmed its intent to move ahead with proposals to bring in an outside engine supplier that will provide motivation to independent teams at a lower cost. As we recently reported, the price associated with securing power units from suppliers like Mercedes, Renault, and Ferrari, typically costs teams as much as $30 million per season – a solid two or three times what they cost in the previous V8 era. One of the leading contenders at this early stage to supply those low-cost power units is Cosworth. The British firm has long participated in the championship as an engine supplier, stepping back from the sport only recently. However other companies could enter a bid for the contract as well. A French outfit called PURE run by former BAR-Honda team principal Craig Pollock began development of an engine package back in 2011. BMW and Toyota both supplied V8 engines until a few years ago, while independent outfits like Mecachrome, Mugen, and TAG have also prepared F1 power units based on engines developed by major manufacturers. 26.10.15 FIA FORMULA 1 WORLD CHAMPIONSHIP - COST REDUCTION The FIA has studied cost reduction measures for teams participating in the FIA Formula 1 World Championship which were not conclusive, including: - a global cost ceiling, - a reduction in costs via technical and sporting regulations, - an increased standardisation for parts.

Jay Leno's Garage kicks off season 2 Wednesday

A few days ago, we wrote about the upcoming season of Jerry Seinfeld's Comedians in Cars Getting Coffee. Now the second season of Jay Leno's Garage is nearly here with a full 12-episode run. The previous season did well. The first episode was CNBC's most-watched original series ever, with 916,000 viewers tuning in when it aired in early October. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The first episode of season two launches on CNBC on Wednesday, June 15th, and it focuses on supercars. Nick Cannon is one of the stars in this week's episode, and he shows off his Ferrari California – a car which Cannon likes to drive at cruising speeds. The other guests during the second season include actor-turned-racecar-driver Patrick Dempsey, comedians Tim Allen and Dan Aykroyd, musician Brad Paisley, and Caitlyn and Kendall Jenner, according to TVNewser. Related Video: News Source: CNBC via AdweekImage Credit: Getty Images Auto News Celebrities Ferrari Special and Limited Editions Supercars Jay Lenos Garage jerry seinfeld cnbc