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Coming Ferrari hybrid loaded with twin-turbo V8, three e-motors, 986 hp

One week from now, Ferrari and its best clients will gather in Maranello for a three-day event to introduce a mid-engined hybrid supercar slotting in above the 812 Superfast. A report in Auto, Motor und Sport purports to fill in some of the engine details and power output we've been wondering about. The German magazine says there'll be a twin-turbo V8 amidships, the same 3.9-liter unit from the F8 Tributo, aided by three electric motors. Total output will be 1,000 PS (metric horsepower) — or 986 U.S. horsepower, 197 more horses than found in the 812. One of the electric motors will sit inside the gearbox, the other two will reside at the front axles, powering the front wheels. That means we can expect all-wheel drive and finessed torque vectoring up front. With 36 more horsepower than the system output on the LaFerrari, and AWD, it's claimed that the electrified scarlet star will get from zero to 62 miles per hour in 2 seconds. The FerrariChat forum, which has a 77-page thread on this car, settled on these same specs well before the AMS report. Wrote one poster, "I'm in Geneva and my dealer told me the BB will have 1000hp, V8 with KERS." Another chimed in, "Ferr9000 on a Spanish forum ... said the BB front axle will be electrified, so we can assume there will be two electrics motors on front axle." In FerrariChat parlance, the "BB" stands for "Big Brother" to the 812. Another forum member said he expects the coupe to have a respectable all-electric range, which accords with video of a hybrid 488 mule driving silently at Fiorano. The big question seems to be whether this will be a regular production model or a limited edition, with consensus settling on a proper series production car. AMS puts the price at 600,000 euros, or about $670,000. Yet another FC forum member says there'll be a public debut at Le Mans, the French race taking place June 15-16. Could that provide a clue to the name? And remember, there's plenty more to come from Ferrari this year, with a V6 hybrid sports car slated for debut, and two further cars. One of those additional vehicles is expected to be an 812 Spider.

Ferrari and Jaguar dominate the 2017 Arizona Auctions

The 2017 Arizona Auctions took place this past weekend, and one look at the results should be a reminder that big-name auto auctions are no place for mere mortals. Aside from the fast paced nature – seven auction houses moved 3,486 vehicles across the auction block – the rarest and most desirable cars sold for more than most people will make in a lifetime. There were around 20 cars that sold for at least $1 million, with Bonhams topping the list with a $7,370,000 1963 Jaguar E-Type Lightweight. Despite $259.8 million in sales, Hagerty reports that 2017 was only the second biggest weekend in the Arizona auction's long history. The figure was up $9 million from 2016's total, but much of that increase can be attributed to the 12-percent increase in the total number of cars auctioned. The average selling price was $89,601, with the vast majority of vehicles selling for less than $100,000. Aside from the 1963 Jaguar E-Type, there were a number of rare and noteworthy vehicles for up for grabs. RM Sotheby's $6,600,000 1939 Mercedes-Benz 540K Special Roadster was the runner-up in value, followed closely by a $6,380,000 1952 Ferrari 340 America Competizione Spider from Bonhams. The various top-10 lists were awash with Ferraris and other European automakers, though much of the lower-end sales were populated by classic American autos. Most of the top sellers were built before 1970, though the occasional newer model (1995 Ferrari F50, 2005 Porsche Carrera GT, 2006 Ford GT) made it through. Based on 2017's overall theme, it appears that interest on cars from American automakers is on the rise. Hagerty notes that a number of 1980s American sports cars like the Chevrolet Corvette and Pontiac Firebird did surprisingly well. Look for the 2018 auctions to see if the momentum continues. Related Video:

Sebastian Vettel signs with Racing Point for the 2021 F1 season

LONDON — Four-time Formula One champion Sebastian Vettel will drive for Racing Point starting next season. The team, which will be renamed Aston Martin, announced the move Thursday, a day after driver Sergio Perez said he was on his way out. The team said Vettel has signed for the 2021 season “and beyond" but did not reveal the length of the contract. “The signing of Sebastian is a clear statement of the teamÂ’s ambition to establish itself as one of the most competitive names in the sport," the team said in a statement. “As a four-time world champion, Sebastian brings a fresh mindset to the team." One of the most successful drivers in F1, Vettel is leaving Ferrari at the end of this season after he was not offered a new contract. He will be replaced by McLaren driver Carlos Sainz at Ferrari next year. Vettel has won 53 grand prix races, a tally only surpassed by Michael Schumacher and Lewis Hamilton. He won four consecutive titles with Red Bull from 2010-13 and joined Ferrari in 2015 with the aim to win another. But he never had a car really capable of challenging Mercedes during his stint with the Scuderia, where he lost his No. 1 status as teammate Charles Leclerc came to prominence. “ItÂ’s a new adventure for me with a truly legendary car company," Vettel said. “I have been impressed with the results the team has achieved this year, and I believe the future looks even brighter. I still have so much love for Formula One and my only motivation is to race at the front of the grid." Currently fourth in the constructors' standings, Racing Point was handed a 400,000 euro ($470,000) fine and docked 15 points last month for copying a Mercedes design for its brake ducts. The team, however, was allowed to continue to use the offending components this season. Racing PointÂ’s other driver is Lance Stroll, the son of co-owner Lawrence Stroll. Motorsports Aston Martin Ferrari F1 Sebastian Vettel