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Ferrari F12 Berlinetta auction raises $1.5M for Hurricane Sandy relief

Ferrari has managed to raise $1.5 million for victims of Hurricane Sandy during an auction in Austin, Texas for the very first F12 Berlinetta in the US. The funds will go to the American Red Cross and be earmarked for Hurricane Sandy relief. Ferrari started bidding on the F12 at $315,888, but the most powerful production model from the company fetched $1.125 million by the time the gavel fell through bids sourced both in person and over the phone. The company also managed to raise a further $345,000 in in-kind donations before the auction began, and donors gave an additional $50,000 during the event itself.
Ferrari debuted the F12 Berlinetta at the 2012 Pebble Beach Concours d'Elegance, and the company is set to deliver its first model to a US customer in the second quarter of 2013. The automaker reminds its fans that it is still possible to donate to the Hurricane Sandy relief fund by visiting a special Ferrari section of the American Red Cross page. You can take a closer look at the full press release below for more information.

Marchionne could become Ferrari CEO

Don't think that just because FCA is spinning off Ferrari into a separate company that Sergio Marchionne is giving up any control. Not only is he already chairman of the Prancing Horse, but he might also become its next CEO after Amedeo Felisa steps down, anonymous insiders claim according to Automotive News Europe. The dual roles would put the sportscar brand's future in Marchionne's hands, while he continues to run FCA. Rumors of Felisa stepping down emerged in July, but Ferrari never made an official announcement. The reports suggested that he could leave in September. Execs at the Prancing Horse are now working to decide on a replacement, but there's nothing official in place yet, according to Automotive News Europe. Felisa might maintain an advisory role after retiring, as well. If Marchionne takes charge, the move would come just as Ferrari becomes a newly independent entity. The Prancing Horse's necessary paperwork is already filed with the US Securities and Exchange Commission, and the IPO is expected in October. Marchionne took over as Ferrari's chairman last year after Luca di Montezemolo's resignation. As boss, he intends to increase production to 10,000 units a year from 7,000 annually under Montezemolo. Among the projects in development is a revived Dino. Related Video:

Leaked Ferrari presentation drops details on super hot 488

Ferrari convened a gathering of dealers and special customers recently, and presented them with some of the specs on that special, monstrous version of the Ferrari 488 that's been percolating in public for nearly a year. Someone in the audience snapped pics of a few slides, those pics made their way to Ferrari Photo Page, and now we can assemble the loose bolts of rumor into something approaching a real vehicle. Not just "a" vehicle, but the most powerful Ferrari V8 the company has ever made. Ferrari uses the 488 GTB as the base for its Ferrari Challenge racing series; now the Italian carmaker's returned the Challenge motorsport lessons to the production car. First, the coupe almost certainly won't be called 488 GTO. Ferrari owners in the Ferrari Chat forum have been wheedling their dealers for information, and several contributors to an 80-page thread attested that even the dealers don't know the name of the coupe yet. The presentation refers to it as "New V8 Sport Special Series." This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The slides also note the "highest horsepower increase vs donor car for a V8 special series," so watchers expect more than 700 horsepower from the 488's 3.9-liter twin-turbo engine; production numbers come in at 660 horsepower and 561 pound-feet of torque. The engine making all that fuss is an evolution of the racing unit in the Challenge car, is ten percent lighter than the production car motor, and can produce a "unique track-like sound" – as if Ferraris haven't been doing that since the 1960s. The coming coupe gets more carbon fiber than ever seen in a Ferrari production car: the hood, bumpers, and large rear spoiler come in resin-soaked cloth, as do the dashboard, center tunnel, and the 20-inch wheels. Those wheels, dressed in Michelin Pilot Sport Cup 2 rubber, are 40-percent lighter than stock alloys. The cabin floor will be made of aluminum, with added lightness courtesy of less sound deadening and, thinner fixtures like side windows, and the omission of non-essential parts like the glove compartment. New S-ducts in front and a GTE-inspired rear diffuser help increase aero efficiency by 20 percent over the standard 488.