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Vettel wins in Hungary as Ferrari finishes first and second

Sebastian Vettel won a tense Hungarian Grand Prix on Sunday in a Ferrari one-two that stretched his championship lead to 14 points after Mercedes rival Lewis Hamilton sportingly surrendered third place to his team mate. The German, savoring his fourth win of the season and 46th of his Formula One career, took the chequered flag 0.9 seconds ahead of team mate Kimi Raikkonen. The Finn had looked faster than Vettel for most of the afternoon. "I'm over the moon, that was a really difficult race," said the winner, who had to wrestle with a skewed steering wheel on a sweltering afternoon at the Hungaroring and had no room for error. Hamilton finished fourth after slowing down on the last lap and allowing Finnish team mate Valtteri Bottas to go past, despite the loss of vital points to the Briton's championship challenge. Bottas had let Hamilton through on the 45th of the 70 laps, on the assurance that his team mate would hand back the place if he could not overtake the Ferraris, and the triple champion duly kept his word. "Really thanks to Lewis for keeping the promise in the end and letting me by," said Bottas. "I don't think every team mate would have swapped back." Hamilton, whose radio was malfunctioning for some of the race and would have had more of a chance had he got past Bottas earlier, said he had done what he had to do. "It's tough in the championship but I'm a man of my word," he said. "I did say that if I can't overtake them I would let him back through." On a circuit where overtaking is notoriously hard, the top five all finished in their starting order with Max Verstappen fifth for Red Bull. The Dutch teenager was handed a 10-second stop and go penalty for colliding with his Australian team mate Daniel Ricciardo on the opening lap. The impact ended Ricciardo's race, with the car stranded on the track and fluid leaking from the broken radiator, and brought out the safety car. "It's not on. It was amateur to say the least. It's not like he was trying to pass – there was no room to pass," said an angry Ricciardo. "I don't think he likes it when a team mate gets in front. You've got the whole race to try and repair the mistake but the pass was never on. It wasn't even a pass, it was a very poor mistake." Fernando Alonso, who celebrated his 36th birthday on Saturday, gave struggling McLaren their best finish of the season so far by taking sixth place and also setting the fastest lap of the race.

Ferrari begins releasing official teasers for new supercar

Regardless of what it will be called, the successor to the Ferrari Enzo will be unveiled next week in Geneva, and like many other automakers, Ferrari will apparently be giving us a slow strip tease of the all-new hybrid supercar.
We've already seen a couple shadowy images of the car's face and rump, but the new shots - provided courtesy of the Ferrari Facebook page - are starting to show us some detail.
The only problem is that we don't exactly know what details we're looking at. In the shot above, that curvy, red real estate could belong to any number of body panels, while the second new teaser shows the Ferrari prancing horse logo with no indication of where on the car it'jk, s located.

Ferrari's stock price falls off a cliff

The stock price skidded. The stock price stalled. Use whatever automotive analogy you want. It was a bad day for Ferrari on the New York Stock Exchange. Warning that sales growth would slow because of the economic slump in China, Ferrari NV watched its stock price slump accordingly. Shares of the company were down more than 13 percent in afternoon trading, falling to $34.64. Sprung from the Fiat Chrysler Automobiles less than four months ago, Ferrari's stock has lost a third of its value since its October initial public offering and is nearly half the price of its $62 high set days after the IPO. In a conference call with investors, chairman Sergio Marchionne said the company expected to ship approximately 7,900 vehicles this year. Marchionne said the company would be "fine" over the long term as long as it maintains a decades-long philosophy of maintaining strong demand. That means Ferrari won't follow some of its sports-car competitors who have broadened their vehicle portfolio's with the addition of SUVs. Marchionne bristled at such a suggestion. "You have to shoot me first," he told Bloomberg. But never say never? Previously, Ferrari had restricted its output to 7,000 vehicles per year. The company is already past that number, and Marchionne foresees the possibility that it could rise to approximately 9,000 by 2019. In a regulatory filing, Ferrari said, "we believe we can grow in a controlled manner while preserving the exclusivity of our brand by continuing to explore controlled growth in emerging markets to capitalize on the substantial wealth creation and the growing affluent populations in those markets." For now, those markets won't include China. Shipments there decreased 22 percent in 2015, even as worldwide output increased. Related Video: