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Ferrari issues stop-sale order on 488 GTB for fire risk

The Basics: Ferrari North America has issued a stop-sale notice to its dealers regarding 2016 models of the new 488 GTB. The Problem: As with the earlier recall of the California T, the issue stems from low-pressure fuel line that may not connect properly to the feed pipe of the fuel pump. That could cause a fuel leak in the engine compartment, which could in turn start a fire. Injuries/Deaths: None reported. The fix: Dealers will need to replace the fuel line assembly. If you own one: All the problematic units of the 488 are in dealer hands. According to the statement below from the National Highway Traffic Safety Administration, "no un-remedied Ferrari 488 vehicles have been sold to the public." Ferrari S.p.A. informed Ferrari North America, Inc. (FNA) of the possible defect on the low pressure fuel line connection of the fuel pump provided by Ferrari's supplier Dytech – Dynamic Fluid Technologies S.p.A. on 11/17/15. Ferrari S.p.A. has informed FNA that during a routine pressure check for Assembly Line Testing on 11/04/15, they found a small air leak on the above described pipe connection. On 11/05/15 Ferrari S.p.A. extended their testing to evaluate vehicles that had been produced with the same batch of low pressure fuel lines. On 11/17/15 Ferrari S.p.A. concluded the investigatory testing and determined that the fuel vapor leak was a safety defect. With regard to the Ferrari 488 vehicles, on or about December 10, 2016 Ferrari determined that affected vehicles had left our control bound for various Ferrari dealers. We have notified our dealer network with a "Stop Sale" Notice informing them that this recall must be performed before the affected vehicles are sold to customers. It is important to note that no un-remedied Ferrari 488 vehicles have been sold to the public.

This Ferrari themed roller coaster is the fastest in the world

Ferrari's first and only theme park is located in Abu Dhabi. It's home to the Formula Rossa coaster which goes from 0 to 60 mph in 2 seconds. Learn more here. Transcript: Ferrari World is home to Formula Rossa. Ferrari's first and only theme park is located in Abu Dhabi. Formula Rossa holds the title for the world's fastest roller coaster. The coaster goes from 0 to 60 mph in 2 seconds. With a top speed of 149 mph. Riders must wear protective glasses to ride this ride because of the speed and Abu Dhabi sand. This roller coaster is said to emulate "the thrilling sensation of being in a Ferrari F1 car". Intamin, the manufacturer for Formula Rossa, built all 3 of the world's fastest roller coasters. Would you prefer a ride in the coaster or the car? Ferrari Autoblog Minute Videos Original Video world record fast

Ferrari plans 15 new models, shares name of its SUV

MARANELLO, Italy — Ferrari plans to launch 15 new models, including hybrid cars, a utility vehicle and more special editions as part of its new chief executive's efforts to double core earnings by 2022. The supercar maker shifted to a guidance range for adjusted core earnings of 1.8-2.0 billion euros ($2.1-2.3 billion) by 2022, rather than the 2 billion figure set by late Ferrari boss Sergio Marchionne. But his successor sought to reassure investors that the company can maintain recent strong growth. "This is an ambitious plan, but a doable one based on a concrete, detailed framework," Louis Camilleri said on Tuesday at the company's Maranello headquarters in Italy. Ferrari shares gained 0.6 percent by 1330 GMT, recovering from earlier losses. The stock slid more than 8 percent on Aug. 1 when Camilleri described Marchionne's targets as "aspirational." Marchionne's sudden death in July jolted investors who had expected the auto industry grandee to remain at the wheel until 2021, having more than doubled Ferrari's market value since taking it public in 2015. Camilleri and his team outlined a plan to show how a brand known for its racing pedigree and roaring combustion engines will shift to making a utility vehicle and hybrid cars and boost margins to over 38 percent without sacrificing exclusivity. The company increased its dividend payout ratio and announced a 1.5 billion-euro share buyback plan. Its marketing chief also promised a "significant increase in average retail price." Following Marchionne's roadmap With margins at 30 percent now, strong pricing power and an enviable customer waiting list, Camilleri inherits a business firing on all cylinders and is not expected to stray far from his predecessor's script. Marchionne had orchestrated Ferrari's spinoff from parent Fiat Chrysler, positioned it as a luxury brand rather than a carmaker, and managed to do what few thought possible: sail through a self-imposed production cap of 7,000 cars a year without sacrificing pricing power or its exclusive appeal. Ferrari has clocked up years of record earnings, helped by special editions and a customization program. But it could prove tough to maintain the company's high valuation as emissions rules tighten, capital spending increases and the diverging interests of investors, racing fans, owners and collectors become harder to balance.