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Ferrari SP38 is the latest one-off creation from the Prancing Horse

Ferrari has unveiled its latest one-off creation, called the SP38, a road- and track-going car built for "one of Ferrari's most dedicated customers" who has a "deep passion for racing." Swathed in a three-layer metallic red paint finish for its all-new body, the SP38 is built on the chassis and running gear of a donor 488 GTB and took its twin-turbo, twin-intercooler influence from the F40. Stylistically, the car concentrates its visual mass over the rear wheels, with a rear spoiler and engine cover reminiscent of the F40, with a wedge shape that narrows toward the front. "In plan view, the strongly tapered nose expands towards muscular wheel arches, giving the car potency and agility," Ferrari says. The engine cover sheds its rear glass and is a flip-up assembly done in carbon fiber, with three transverse slats to siphon off engine heat. At the back, the trailing edge of the rear spoiler "links seamlessly with the wing and with the aerodynamic diffuser at the bottom to create a suggestive frame surrounding the tail volume." Up front, inset headlights were designed to be as thin as possible, with daytime running lights relocated to a slim bumper lip similar to the 308 GTB. No word on the SP38's powertrain, but it seems likely that it's the 488's mid-engine 3.9-liter twin-turbo V8, which makes 660 horsepower and 560 pound-feet of torque. It'll go on display to the public on Saturday, May 26, at the Concorso d'Eleganza Villa d'Este on Lake Como in Italy. Related Video: Featured Gallery Ferrari SP38 Image Credit: Ferrari Ferrari Coupe Racing Vehicles Performance Supercars supercar ferrari f40 ferrari 488 gtb

For his last act, Marchionne will outline an EV/hybrid roadmap this week

MILAN/LONDON — Fiat Chrysler (FCA) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world's seventh-largest carmaker remains in the race in the absence of a merger. The 65-year-old will present FCA's strategy to 2022, his final contribution to the company he turned around and multiplied in value through 14 years of canny dealmaking. After failing to secure a tie-up he said was necessary to manage the costs of producing cleaner vehicles, Marchionne needs to show the group can keep churning out profits on its own, even as emissions rules tighten, SUV competition intensifies and worries around his succession abound. Marchionne had long refused to jump on the electrification bandwagon, saying he would only do so if selling battery-powered cars could be done at a profit. He even urged customers not to buy FCA's Fiat 500e, its only battery-powered model, because he was losing money on each sold. But Tesla's success and the need to comply with tougher emissions rules have forced Marchionne to commit to what he calls "most painful" spending. "FCA is way behind rivals in terms of hybrid and electric vehicles and they need to hit the accelerator to convince investors they can close that gap," said Andrea Pastorelli, a fund manager at 8a+ Investimenti. Germany's Volkswagen, Daimler, BMW and U.S. rivals GM and Ford have committed to spending billions of euros each in coming years to try produce profitable cars powered by cleaner fuels. FCA needs to present a clear roadmap, just like Volvo Cars, which ditched diesel from its best-selling XC60 SUV, launched a new electric brand and pledged to shift all brands to hybrid by 2019, a banking source close to FCA said, noting: "The tech divide determines winners and losers in the industry." Marchionne has already said half of the wider FCA fleet will incorporate some elements of electrification by 2022, while luxury marque Maserati will spearhead FCA's electrification drive by making all new models due after 2019 electric. But its plans remain vaguer and less advanced than most big rivals and some investors wonder about the capital required to make vehicles compliant, and what share of spending can go to electrification given FCA's numerous demands.

You can buy President Donald Trump's old Ferrari F430

You don't see this every day: This Ferrari F430 was formerly owned by President Donald Trump. Judging by the car's title, that point is indisputable. That makes it both a celebrity-owned vehicle, and a Presidential vehicle. It's quite the two-for-one. It could also become yours if you have the dough. This Ferrari comes from the second, presumably less famous owner, and will go for auction at the Auctions America event in Fort Lauderdale. The auction runs from March 31 to April 2, with the F430 crossing the block on April 1. Considering the original owner's tastes, it's a little surprising how restrained this car is. It's in classic Ferrari red with a tan leather interior. Not many options were added either, according to the original dealer sticker. The whole list includes red-painted brake calipers, an optional style of power seat called "Daytona," Scuderia Ferrari shield badges, and an upholstered headliner. In the end, combined with the destination charge, Trump's Ferrari came out to a little under $198,000 (its base price was $184,000). Auctions America expects to get a bit more for it. The auction estimate is $250,000 to $350,000. It also has just under 6,000 miles and is complete with all of its manuals, tool kit, and service records. If it were our money though, we'd go off and find an F430 that wasn't owned by a celebrity, and with a true manual transmission, as opposed to the paddle-shifted F1 gearbox in this model. Both characteristics would make it cheaper, and more fun to drive. Related Video: