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Ferrari extends Kimi Raikkonen's contract for 2016

Veteran Formula One driver Kimi Raikkonen's second stint with Ferrari will continue in 2016, and the team announced Wednesday it's extending the Finn's contract for another season. Financial terms were not disclosed. The 35-year-old is fifth in the driver's standings this year with 76 points heading into this weekend's Belgian Grand Prix. Nicknamed the "Ice Man," Raikkonen won the 2007 World Championship with Ferrari. He left the Scuderia in 2009 and dabbled in World Rally Championship and NASCAR competition, before returning to F1 in 2012 with Lotus. He's been back with Ferrari since the 2014 season. "We believe that extending Kimi's contract into the next season will provide further stability to the team," team principal Maurizio Arrivabene said in statement. "This has been our guideline, also considering the very good relationship between Kimi and Seb [Sebastian Vettel]. On our side, this shows our great confidence in him, and I expect this confidence to be well-rewarded." Raikkonen has teamed with Vettel (who's third in driver's points) to key the Scuderia's bounce-back season. Ferrari, the sport's oldest and most successful team, is second in the constructor's standings this year with 236 points, trailing Mercedes (383). "For me, to be able to stay another year at Ferrari means that the dream goes on," Raikkonen said in a statement. "The Scuderia is my family, as I always said, it's here I want to end my career. I am more committed than ever and I want to say thank you to the people who gave me this chance." The announcement comes as Ferrari prepares for its historic 900th grand prix. It's won 16 races in Belgium, including 12 victories as Spa-Francorchamps. The team's most recent win there was in 2009 – by Raikkonen. Related Video:

Scarbo Performance SVF1 First Drive Review | A hot-rodder's take on vintage F1

THERMAL, Calif. — Some turn their nose to the sky as soon as they hear the term, "replica." They only care for "originals," cars that are inevitably destined to collect dust in someone's impeccably clean garage, preserved for posterity, and never revved in anger or given the beans in fear of fouling up an "investment." Joe Scarbo thinks this "mere existence" is a boring one, that cars are meant to be driven hard – period. That's the outlook that spurned him to create the SVF1, an ass-kickin' track weapon so good, and so demanding, our body quit well before we wanted to hand back the keys. Once you realize what the Scarbo Performance SVF1 actually is, you'll get it. The open-wheeled, open-cockpit retro-racer is modeled after a 1967 Ferrari F312 Formula One car, and many, justifiably, consider its sultry, minimalist lines to be among the prettiest F1 designs. However, the guts under its beautifully hand-beaten aluminum exterior are more SoCal hot-rodder than devout Tifosi replica. Made even clearer that this track beast resides in the former is what powers it; a Red, White, and Blue-blooded GM-sourced, 430-horsepower LS1 V8. You can't get much more American than that. Our date with the SVF1 occurred at The Thermal Club near Palm Springs, an automotive oasis plopped squarely in the middle of an agricultural hub. The freshly finished facility is just a few hours outside of Los Angeles, but unlike the better-known Willow Springs, the track surface here is absolutely pristine, on top of which there was a fine mist of sand, a condition which kept both us and the SVF1 on our tiptoes. To provide the perfect soundtrack for our track adventure, Scarbo married the LS1's fly-by-wire throttle system with eight velocity stacks, providing an otherworldly induction yowl. This is punctuated by a guttural exhaust featuring an eight-into-one collector with a three-inch exit. Upon startup, the SVF1 is sends shivers through your body, and like chain lightning it propagates through the bodies of anyone within 60 feet. Grunt and stamina are required to shift the transaxle 5-speed manual transmission from a 986-generation Porsche Boxster mated up to the LS1. No flappy paddles or dual-clutches here. You get into the SVF1 by placing your feet onto the softly padded seat and sliding your butt in-between its fuel tank, which straddle your hips and posterior. Clip into the five-point harness and you're eyeball level with the truly massive Avon race-spec slicks.

Gary Cooper's 1935 Duesenberg SSJ fetches record price at Pebble Beach

The 1935 Duesenberg SSJ formerly owned by Gary Cooper sold for a jaw-dropping $22 million over the weekend at the Gooding & Co. Pebble Beach auction, setting a record for the most valuable pre-war car ever sold at auction. It also appears to have become the most expensive American collector car ever sold at auction, eclipsing the very first Shelby Cobra ever made, which sold for $13.75 million in 2016. The Duesenberg was also the lone American-made entrant in the list of top 10 sellers, which was crowded with the names Ferrari and Porsche. You have to go all the way down the list to No. 21 to find the next American car: a 1930 Packard 734 Speedster Phaeton, which sold for a mere $1.127 million. All told, Gooding & Co. said it realized more than $116.5 million in auction sales over the weekend, with a whopping 25 cars sold for north of $1 million, an 84 percent sales rate and an average transaction price of $947,174. Clearly this is how the other half 1 percent lives. Gooding & Co. said there were five world-record sales at the auction. Joining the Duesenberg were a 1955 Ferrari 500 Mondial Series II, which sold for $5.005 million; a 1958 Ferrari 250 GT Tour de France Berlinetta, $6.6 million; a 1967 Ferrari 330 GTC Speciale, $3.41 million; and a one-of-two 1966 Ferrari Dino Berlinetta GT, $3.08 million. Oh, and that 1969 Ford Bronco test vehicle we told you about? The one that was rebadged by Holman & Moody as a Bronco Hunter? It sold for $121,000, which was well below the expected range of $180,000 to $220,000. Perhaps it was the presence of all those gorgeous Porsche Spyders and Ferraris that meant collectors weren't interested in boxy, utilitarian off-roaders. View 24 Photos Gooding and Co. had expected the convertible Duesenberg coupe to go for more than $10 million. It was one of only two of its kind built by Duesenberg — the other having gone to Clark Gable — with a specially shortened, 125-inch wheelbase and a supercharged straight-eight with double overhead cams, able to produce around 400 horsepower and a top speed of 140 miles per hour. It features a lightweight open-roadster bobtail body produced by LaGrande out of Connersville, Ind. The car was also owned at one point by race driver Briggs Cunningham.