Ferrari will show a hybrid concept at the Geneva Auto Show, based on the Italian automaker’s 599 flagship. Ferrari CEO Luca di Montezemolo made the announcement while unveiling the company’s latest Formula One race car. Di Montezemolo also stated that this prototype is slated for production but did not give any timeline.

We have been following the ASI Ferrari F430 design since its initial concept stages and we were excited to finally spot a finished product in person. ASI is famous for some very wild creations, includig a matte-white widebody Bentley Continental GT, which debuted at the SEMA Show several years back.

In stark contrast to the Dodge Caliber, just a few feet away at the Chrysler booth at the Detroit Auto Show is the ultra-rare and even more ultra-expensive Ferrari 599XX. Ferrari claims to have no official presence at the show, with the Ferrari a part of a three-pronged Fiat, Maserati, Ferrari display within the Chrysler booth. This setup is designed to draw crowds to the Chrysler booth, a company which doesn’t have much in the way of exciting new models.

Ferrari will have no official presence at the 2010 Detroit Auto Show, but it will showcase the ultra-rare 599XX model in Chrysler’s booth to help celebrate Fiat’s partnership with Chrysler.

Ferrari is preparing to launch an ultra-high performance version of the 599 GTB, based on the 599XX that debuted at last year’s Geneva Auto Show. According to a report in EVO magazine, the car is set for production and will get a revised version of the standard 6.0-liter V12 engine with no less than 700-hp! It will also get a new name, the 599 GTO, making it the first F-Car to wear the GTO badge since the iconic 288 GTO.

While Ferrari has claimed hybrid F-Cars are several years off, a recent report suggests that a hybrid version of the company’s 599 GTB flagship will debut at the Geneva Auto Show in March. This hybrid will likely be performance based and use a kinetic energy recovery system (KERS) setup similar to the ones designed for Formula One.

It seems like only yesterday that Ferrari unveiled the Enzo as the pinnacle of all that an automobile could stand for and achieve. It was thought untouchable, both in terms of competition and modification. Oh how times have changed.

Michael Schumacher has all but traded in his Ferrari red for the silver and black of Mercedes-Benz. According to Ferrari team president Luca di Montezemolo, the retired Formula One superstar told him in a recent phone conversation that there is a, “very, very, very strong possibility,” that he will be behind the wheel of a Mercedes F1 car next season.

Ferrari has just announced the second vehicle to come out of its in-house Special Projects program, a modified 599 GTB now known as the P540 Superfast Aperta. The P540 Superfast was built for Edward Walson, the son of John Walson, who invented cable TV. Walson commissioned the vehicle with inspiration coming from the Fantuzzi-designed Ferrari which appeared in the 1968 film Toby Dammit.

Renowned Ferrari-tuner Novitec Rosso has finally released its first complete package for Ferrari’s latest model, the California. Novitec is known for twin-supercharged monster engines but this initial offering contains just a simple exhaust system and a recalibrated ECU. In total, power has been raised by 40-hp to 500-hp, with torque up 24 ft-lbs to 382. The 4.3-liter V8 engine can now also rev to a maximum rpm of 8300. In addition, the exhaust system can be adjusted using the manettino to deliver a more robust exhaust note.

The Ferrari F70 will be an ultra light-weight machine and make use of a twin-turbo V8 engine. News of Ferrari’s plans for the successor to the Enzo comes from the U.K.’s AutoExpress where it has been reported that the F70 will in man ways be a spiritual successor to the incredibly-raw F40 – the last production Ferrari to use a turbocharged setup.

We recently reported that his uber-richness, James Glickenhaus, had confirmed that he and several partners were going to build P4/5 Competizione race car to enter in endurance racing events.

Ferrari is reportedly taking pre-orders for an ultra-high-performance version of the already impressive 599 GTB. The vehicle, referred to as the 599 GTO on Ferrari’s ordering information, is rumored to be inspired by the 599XX track-only model that launched earlier this year at the Geneva Auto Show.

James Glickenhaus, the man behind the coachbuilt Pininfarina Ferrari P4/5, has confirmed that he will build a race version of the car to compete in endurance racing.

Ferrari is hard at work trying to refine the turbocharging process so that future products will use the high-horsepower, low emissions (and low weight) technology. According to a report in the U.K.’s AutoCar, Ferrari engine developer Jean-Jacques His says the development is well under weigh, but the biggest issue facing the project is turbo lag.

Excited for the LA Auto Show? Can’t wait to see the new Ferrari 458 in person after its worldwide debut in Frankfurt a few months back? We hate to be the bearer of bad news, but the amazing new 458 won’t be on display at the Los Angeles Auto Show. In fact, no Ferrari will – well, not any official Ferrari cars anyway. (We’re sure a few tuners will have some modified F cars).

The magnificent charcoal black metallic 2010 Ferrari F430 Spider attacked the sharp right-hand corner in third gear, cresting the leeward side of Topanga State Park at full song. My neck muscles strained in anticipation of the next curve as the harmonic resonance of pistons and camshafts reverberated off the rock face in glorious accord.

As a sign of how important Ferrari takes the emerging marketplace in China, the exotic Italian automaker has just announced a limited edition 599 China Edition model. Just twelve Chine Edition cars will be made in a special Rosso Fuoco red exterior paint, with the roof and pillars painted in gray.

After several rumors and reports, Chrysler has now confirmed that the Dodge Ram will be spun off into its own brand with the appointment of two individuals. Fred Diaz Jr., formerly Director of the Denver Business Center, will now head up the RAM brand, while Ralph Gilles will take over at the helm of the car brand. Gilles will also continue to run the product design department at Chrysler Group.

“The brand-focused strategy has been refined further with the unbundling of the Dodge Brand which now consists of the Dodge RAM Brand and the Dodge Car Brand organizations,” said Chrysler and Fiat CEO Sergio Marchionne. “This reorganization will allow us to protect and develop the unique nature of the product offerings within the Dodge Brand.”

Within this new corporate structure, Marchionne also appointed a new Chrysler brand CEO; Olivier Francois, who comes from Fiat’s Lancia Brand and will continue in his position there as well.

Official release after the jump:

In a recent interview with the U.K.’s CAR magazine, Ferrari CEO Amedeo Felisa spilled some details on the exotic Italian automaker’s future product plans, including a hint that the replacement for the 612 Scaglietti will arrive in 2012. Unfortunately for Ferrari, the replacement comes about 8 years too late. (Yup, do the math, the 612 first launched in 2004).

It’s almost not even worth reporting because it is so expected and so obvious, but here goes: Ferrari President Luca di Montezemolo has reportedly confirmed that a roadster version of the company’s new 458 Italia model is on the way.

There is a level of sophistication in any Ferrari that goes far beyond what is normally expected from even the most exotic sports car. Whether it stems from the hyperactivity it requires to produce Formula One dominating race cars, or a passion for perfection rooted in the original vision of Enzo Ferrari himself, driving a Ferrari is akin to all that we enjoy about high performance motoring.

James Glickenhaus, the man behind the coachbuilt Pininfarina Ferrari P4/5, has commented that he is looking into building a race version of the car to compete in endurance racing.

Ferrari has just released a brief video of its latest exotic, the 458 Italia, going full-tilt on a race track. And as you might expect… it’s incredible.

Ferrari introduced the 458 Italia, the F430 replacement, at the Frankfurt Auto Show today. Appearing on the company’s stand were two models, one in a traditional Rosso Corsa and the other in Giallo Modena Tristrato (pictured above).

Ahead of its debut at the Frankfurt Auto Show in just a few weeks Ferrari has released a new selection of images of its upcoming 458 Italia – the successor to the F430. Previous photos were just computer generated images, but this latest selections show the 458 in the flesh and driving at speed.

Sadly, Michael Schumacher will not return to Formula 1 this weekend, although there is a possibility that the 7 time World Champion will be back in 2010. Schumacher today posted on his personal website that he could not return to the sport after recent testing at Ferrari’s private track in Mugello revealed fractures in his neck from a motorcycle crash earlier this year.

Thanks to the folks at iCar we have this single photo of the upcoming replacement for the Ferrari F430, the 458 Italia. Ferrari has already release four images of the new exotic, but those are computer generated images. Here we have the first solid idea of what the 458 will look like when its unveiled at the Frankfurt Auto Show in September.

Ferrari has just announced that seven-time Formula One World Champion Michael Schumacher will return to the sport. Schumacher will race in place Felipe Massa, who is recovering after being hit by a piece of debris during qualifying at the Hungarian Grand Prix.

Formula One driver Felipe Massa is expected to get back behind the wheel of a Ferrari race car after doctors say he is recovering and suffered no long-term injuries from his frightening accident during last-weekend’s race.

Ferrari has just released photos and details of a new model that both succeeds and exceeds the incredible F430. Named the 458 Italia, this new mid-engine exotic is powered by a 4.5-liter V8 that puts out an incredible 570hp at 9000 rpm and 398 ft-lbs of torque at 6000 rpm – 80 percent of which is available at just 3250 rpm.

Ferrari Formula 1 driver Felipe Massa suffered a fractured skull in two separate places after being hit in the head by a piece of debris on the track while testing at the Hungarian Grand Prix. The debris was actually a suspension spring which came off of the car of Brawn GP driver and fellow Brazilian Rubens Barrichello. It was immediately obvious something was seriously wrong when Massa made no attempt to steer the car clear of any obstacles and simply locked up the brakes to shave up as much speed as possible before slamming into a tire wall.

Mud mixed with gravel spread suddenly over the artfully paved road as I round a tight right-hander between Trapani and Palermo, Sicily. Sitting behind the wheel of the Ferrari California, we had just finished chasing the sunshine on a high-speed section of the A29 autostrada. Top down, my forehead was beginning to show signs of having been exposed to the bright Mediterranean sky.

To further enhance the Ferrari ownership experience and to please not only the automaker’s new car customers, but also its connoisseurs, the company behind the prancing horse badge has announced a new roadside assistance program for all out of warranty models dating back to 1947. And the best part? It’s free!

Ferrari’s “With You” program is available 365 days a year for vehicles outside the factory 3 year warranty, as well as those that do not already have an existing extended program from Ferrari (which typically covers the vehicle for its first 10 years). As well as transporting the Ferrari back to an authorized service center, Ferrari will also cover personal travel expenses (either to the service center or home), as well as any related hotel expenses.

Sound too good to be true? Well it is, unless you live in Italy.

The “With You” roadside assistance program is currently only offered in Ferrari’s native country, but the automaker has said it has plans to expand the program throughout Europe in the near future, starting with the U.K.

[Photo Credit: Supercars.dk]

Official release after the jump:

Earlier this year at the Geneva Auto Show, Ferrari unveiled the HGTE version of the 599 GTB, a more track oriented version of the Italian exotic car makers flagship. This of course means that anyone owning a regular 599 might a well be driving a 575 (the car’s predecessor, for those not up to date on their Ferrari models); how embarrassing.

The matte-paint trend has just reached a new high… or should we say low. Behold the matte-baby blue Ferrari 599, which is reportedly owned by Lapo Elkann, the grandson of Fiat founder Gianni Agnelli and heir to the company.

Thanks to the folks over at WorldCarFans we have these photos to show you of a prototype version of the Ferrari F430’s replacement. Previous shots of the car featured a modified F430 body, but these are the first snaps of what is believed to be called the F450.

Czech website ChechFerrari.cz is claiming that the photo above (as well as several others) are of the upcoming Ferrari F450 – the successor the the F430. Presumably the cars are test vehicles used by governments to ensure all the parts pass certification.

When Ferrari unveiled the 599 GTB HGTE at the Geneva Auto Show in March the company’s press kit didn’t contain much in the way of photography…. just a few CGI images. Now the Italian automaker has spent the time to do a proper shoot of the 599 equipped with a special handling package and released these photos.

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In  class normally dominated by Porsches, Ferrari showed its motorsports might at the 24 Hours of Le Mans this past weekend. Not only did Ferrari claim the top spot on the podium, it claimed all the others. As a matter of fact, Ferraris clinched nine of the top ten GT2 Class spots with position number five going to the Spkyer C8 Laviolette GT2R driven by Jarek Janis, Tom Coronel and Jeroen Bleekemolen.

Ferrari has confirmed that a hybrid model is in the works and that a concept car will debut as early as the LA Auto Show this December. The news comes directly from Ferrari CEO Amedeo Felisa just weeks after a patent application for a hybrid system by Ferrari was uncovered.

Last week we brought you news on a new four-wheel drive hybrid system that Ferrari is working on and now it appears as though the Italian maker of exotic cars is exploring turbochargers for future production models.

A series of patents that Ferrari has filed for a four-wheel drive hybrid system have leaked out and in true Ferrari fashion they are more red than green.

A Ferrari has once again set a new record for the highest sale price at an auction. The 1957 250 Testa Rossa sold for 9,020,000 Euro (or roughly $12 million), topping the previous record holder,  a 1961 Ferrari 250 GT that reached $9.6 million last year.

The 250 Testa Rossa hit the block in Ferrari’s home town of Maranello during a special Ferrari-themed RM auction titled Leggenda e Passione.

“The historical significance of this car attracted a bidding war as collectors from around the world – both in the room and on the telephone – competed to secure one of the most alluring and iconic of all Ferrari racing cars,” said RM Europe’s managing director Max Girardo.

Debuting at the Buenos Aires 1000 Km race in 1958, the 250 Testa Rossa is one of just 22 similar models. It placed fourth in that race and was later sold to an American who raced it extensively in the SCCA championship.

Official release after the jump:

Ferrari has announced that it will auction off the rights to the very last F430 to roll off the assembly line and donate the proceeds to help citizens of the Abruzzo region that was devastated during the April 6th earthquake in Italy.

Rights to the car will be on the block at a special Ferrari-themed RM Auction this Sunday, however, the car itself will not be built until the end of the year.

The 490hp F430 will come with a special two-tone paint job using the traditional colors (red and blue) of Aquila, the city hardest hit by the earthquake. The owner will then be invited to the Ferrari factory in Maranello to chose the remaining options on the car. Ferrari has said it will toss in several pricey options from its Carrozzeria Scaglietti catalog.

The Italian exotic will come with a certificate signed by Ferrari Chairman, Luca di Montezemolo and a special dedication plaque.

This news also marks the first admission by Ferrari that F430 production will end this year, making the arrival of a concept to succeed the impressive exotic at the Frankfurt Auto Show this Fall almost certain.

Official release after the jump:

Ferrari has officially declared that if FIA president Max Mosley intends to go through with his plan for a two-teared budgetary system in Formula 1 he can count the prancing horse out.

In a statement Ferrari’s board of directors declared that if the FIA goes ahead with it’s plans, “then the reasons underlying Ferrari’s uninterrupted participation in the World Championship over the last 60 years – the only constructor to have taken part ever since its inception in 1950 – would come to a close.”

The board blasted Mosley stating that, “The rules of governance that have contributed to the development of Formula 1 over the last 25 years have been disregarded, as have the binding contractual obligations between Ferrari and the FIA itself regarding the stability of the regulations.”

Ferrari is the first manufacturer to officially declare it would pull, after Toyota, Mercedes-Benz and BMW have made remarks that they might pull. Red Bull Racing and Scuderia Toro Rosso team owner v has also declared a boycott if Mosley goes ahead with his new rules.

As the most popular and marketable team in Formula 1, Ferrari’s threat is akin to the Yankees quitting baseball.

What exactly this new rule setup includes is a two-tiered setup with some teams spending an unlimited amount of cash to compete while other teams would have a £40 million  cap – not including driver salaries, marketing, engines or fines. Teams in the £40 class could use adjustable front and rear wings and have engines with unlimited revving capabilities.

There is speculation that the adjustable aerodynamics might provide an advantage that no amount of money spent on engineering could exceed, making high-dollar teams uncompetitive.

As well as practical reasons, Ferrari opposes the FIA’s two-tiered system in principle.

“The same rules for all teams, stability of regulations, the continuity of the FOTA’s (Formula One Teams Association) endeavours to methodically and progressively reduce costs, and governance of Formula 1 are the priorities for the future,” reads the statement. “If these indispensable principles are not respected and if the regulations adopted for 2010 will not change, then Ferrari does not intend to enter its cars in the next Formula 1 World Championship.”

The board of directors also asked that Ferrari’s many fans understand that the decision not to race in 2010 under the current rules was a difficult one but that it is consistent with Ferrari’s racing principles.

Official release after the jump:

Spy photos of Ferrari’s F430 successor have almost become common-place over the past six months and now word comes that the Italian car maker may show a concept version of the exotic at the Frankfurt Auto Show this Fall.

Ferrari chose this busy automotive news day to release more info on the track-only 599xx. At least it would be new info if you missed our coverage of the U.S. debut of the supercar at the New York Auto Show.

Ferrari may be planning a Scuderia version of it’s 599 flagship. At least that’s according to a report on WorldCarFans, whose spy photographers snapped a few pics of a modified 599 running on the prancing horse’s Fiorano test track.

While Ferrari doesn’t techniclly participate in the New York Auto Show, that doesn’t mean they aren’t going to grab some of the limelight, hosting a private event at the Italian automaker’s ritzy Park Avenue dealership. (As though there are any Ferrari dealerships that aren’t ritzy…)

Ferrari chose the Geneva Auto Show to not only unveil the track oriented 599xx but also to debut a more performance-oriented version of the 599 GTB for the street. The 599 Handling GTE (or HGTE) 599 takes the standard 599 to a new level with several small tweaks that will make it a more invigorating driving experience.

Ferrari unveiled two vehicles at the Geneva Auto Show today, with the most exciting one not even being a street car. The 599XX was conceived specifically for track use, and will be part of Ferrari track events that will be arranged for the 2010/11 season – for those lucky enough to afford it of course.

Almost completing the lineup of previews ahead of the Geneva Auto Show (which starts March 3rd), Ferrari has released a teaser of the two vehicles it plans to unveil, the 599 GTB HGTE and the Laboratorio Tecnologico 599xx.

According to a report on GlobalMotors.net, they have caught the successor to the Ferrari F430 testing in Sweden… for the second time.

News has just surfaced that Grey’s Anatomy star Patrick Dempsey (aka McDreamy), will race at the 2009 24 Hours of Le Mans in a Ferrari F430 GT race car.

Whenever you go to an auto show, a fun game to play is figuring out which vehicle, of the hundreds on display, that you would take home if you could. While visiting the Canadian International Auto Show in Toronto, we narrowed down our choices to two stunning vehicles.

According to the statistics, Ferrari claims the Scuderia can do anything the F430 can do, only better. And it wasn’t long after I heard the bark of the engine and put my right foot down that I was in complete agreement.