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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  Jun 19 2013, 9:15 AM

lotus-lmp2

Lotus LMP2 might not be racing in this year’s 24 Hours of Le Mans.

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 |  Nov 24 2010, 4:08 PM

2008 ferrari f430 scuderia 55647_42

A resident of Vancouver, British Columbia saw his Ferrari get auctioned off by the Royal Canadian Mounted Police, after they seized the vehicle for excessive speed in September.

The Ferrari was racing a BMW M6 in the north end of Vancouver, and was clocked traveling 124 mph in a zone designated for speeds of around 40 mph. Reports state that the Ferrari narrowly missed a mother and her children.

Provincial laws allow the police to seize and take possession of vehicles involved in excessive speeding or reckless driving incidents. The Scuderia ended up selling for $306,000, with the money divided between the vehicle’s owner and the government in an 80/20 split. The BMW M6 will be auctioned sometime next week.

[Source: The Province]