Formula 1: Ferrari to Unveil its 2012 Car on February 7

The 2011 Formula 1 season is certainly one Ferrari would like to forget. Despite former champion Fernando Alonso giving it his best, in the end the Scuderia had only one win to show and a poor third place in the constructors’ championship.

Ferrari’s head of communication, Luca Colajanni, told Italian publication Autosprint that the 2012 car, upon which the Scuderia has focused its resources since August, will be revealed at the first official test of the new season on February 7 at Jerez racetrack in Spain.

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Video: Ferrari 458 Italia Challenges a Koenigsegg Agera R

When your ride packs a high-revving, 570HP V8 matched to a dual-clutch transmission for a 0-100 km/h (0-62 mph) time in 3.4 seconds and a top speed of 320 km/h (200 mph) then you’re inclined to believe that you're the king of the road.

But as fast as your ride may be, there will always be something faster. And as the owner of a Ferrari 458 Italia found out, the Koenigsegg Agera R that was launched earlier this year at the Geneva Motor Show is one of them.

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Formula 1: Sauber is Third Team to Leave FOTA, Toro Rosso to Follow?

A spokeswoman for the Sauber Formula 1 team has confirmed to ESPN that it has sent a letter to the Formula One Teams’ Association (FOTA), informing them that it will no longer be part of it.

The move makes Sauber the third team after Red Bull and Ferrari to leave FOTA which, ironically, was formed on July 2008 in a meeting in Maranello in order for the F1 teams to present a unified stance in talks with FIA and the Bernie Ecclestone-owned Formula One Group that owns F1’s commercial rights.

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This Flashy Ferrari 360 Spider will Leave You… BedazzLED

For some bizarre and unexplainable reason, certain owners of Italian exotic supercars think that adding myriads of LEDs to their vehicles is a very cool idea.

After the colorful Lamborghini Diablo and its super-LED trimmed Ferrari F458 counterpart, we bring you yet another bright creation, this time a Ferrari 360 Spider with more flashing lights than a 1990s rave party in Amsterdam… Videos follow after the break.

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Ferrari Celebrates 60 Years of Formula 1 Wins with “60F1” Limited Edition of 599 GTB

Scuderia Ferrari is the only team that has been present in Formula 1 since its conception in 1950. On July 14 1951, it scored its first-ever F1 victory at the British Grand Prix held at Silverstone with a 375 F1 driven by Froilan Gonzalez.

Six decades later, on July 10 2011, Fernando Alonso won Ferrari’s sole Grand Prix in the 2011 F1 season. To celebrate the event, Ferrari has launched the “60 Years of Victories in Formula 1” [60F1] package for the 599 GTB Fiorano equipped with the HGTE handling package.

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Ferrari 599 GTB Fiorano Slowly Roasts in the Middle of the Road in Dubai

Even though a Ferrari on fire is nothing new these days, in any other part of the world, a brand new or relatively new 599 GTB Fiorano slowly burning in the middle of the road like an over-sized shish kebab would have at least caused some commotion. But not in Dubai, the land of all things grand, ambitious and insanely expensive.

There's a couple videotaping the roasting Italian spécialité but nothing much else is happening with the drivers on the road just continuing their way.

We don't know how the accident happened nor if anyone was injured – though we assume that if the driver was still inside, someone would have stopped to help. Video follows after the jump.

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Colossal Supercar Pileup in Japan Destroys Eight Ferraris, Three Mercedes and a Lamborghini [Videos]

In what may be if not the worst, one of the nastiest and most expensive supercar crashes of all time, 14 vehicles including eight Ferraris, three Mercedes-Benzes, a Lamborghini, a Toyota Prius and an unspecified Toyota, were involved in a massive pile-up on the Chugoku expressway in Shimonoseki, southwestern Japan on Sunday.

Luckily, no fatalities were reported though ten drivers suffered bruising and some minor injuries.

“The accident occurred when the driver of a red Ferrari was switching from the right lane to the left and skidded,” Mitsuyoshi Isejima, executive officer for Yamaguchi Prefecture’s Expressway Traffic Police unit told Bloomberg News. “It was a gathering of narcissists," said Isejima who added that the drivers were aged between 37 and 60 years old.

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Woman Speeds out of Ferrari Dealership in a Corvette and Flips Over [Video]

A very strange accident involving a yellow Corvette C6 and two more cars just took place in Norwood, Massachusetts. A witness told Boston's NewsCenter5 that the person responsible for the accident is an unnamed woman who "races cars for a living".

And what did this female racing(?) driver do, we hear you ask? Well, according to an eyewitness account, the woman in the Corvette stopped at a Chevrolet dealership in Norwood on Route 1 looking for a faster set of wheels. The dealer didn't have anything to offer her so she went over to a nearby dealership to test drive a Ferrari.

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Ferrari and Red Bull Quit F1 Teams Association over Rules Disagreement, FIA Announces 2012 Entry List

Now we know what Ferrari CEO, Luca di Montezemolo’s statements were all about when less than a month ago, he hinted at the Scuderia leaving Formula 1, something that the company had then denied claiming that its head honcho’s words were misinterpreted.

Well, leaving the Formula One Teams Association (FOTA) is an action that is not really open to any sort of interpretations - especially when Ferrari itself issues a lengthy statement explaining why it is leaving the association that di Montezemolo himself was presiding over until 2009.

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Updated Ferrari 599XX Evolution Comes with More Power and Less Weight

We're not even half way through the press days of the Tokyo Motor Show, yet we already have news from the next event in our automotive calendar, the 36th edition of the Bologna Motor Show in Italy (December 3 to 11) which will provide the venue for the unveiling of the updated 2012 Ferrari 599XX Evolution.

The 599XX is track beast for a select few über rich of our world that was introduced at the 2009 Geneva Motor Show as replacement for the Enzo-based FXX.

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Anderson Germany's Murdered Out Ferrari 599 GTB Fiorano

Many often ponder if an exotic Italian supercar like the Ferrari 599 GTB Fiorano really needs to be customized. Well, while it’s a legit question, it really comes down to personal preferences. Fortunately, for those that want to go down that road, there are plenty of tuners willing to modify the 599 according to each customer's tastes and needs.

Anderson Germany is one of those tuners and it has presented a second take on the Ferrari 599. While similar to its previous tune shown in March, Anderson's newest black-widow style Ferrari has some differences, mainly inside where the entire interior has been trimmed in a combination of quilted red leather and black carbon leather with red stitching.

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Formula 1: Brazilian Grand Prix Race Results

Always the bridesmaid, never the bride: this perfectly describes Mark Webber’s participation at the 2011 Formula 1 season so far. Despite driving the best car on the grid and being in the top-performing team, the Australian not only watched his younger teammate clinch the title with considerable ease, but until the last race of the season didn’t have a single win to show for himself. Read more »

Formula 1: Brazilian GP Qualifying Results

In Abu Dhabi, Sebastian Vettel matched Nigel Mansell’s record of 14 pole positions in a single Formula 1 season, which stood for 19 years. In the final qualifying session of the season at the Brazilian track of Interlagos, he had his last chance to break it - at least for the current season. Read more »

Buy Five Ferraris, Join the Exclusive Prancing Horse Club

It seems like some Ferrari owners are more equal than the others. At least that’s what the company’s chairman, Luca di Montezemolo, implied when he told Autonews Europe about Ferrari's plans to create a collectors’ club with the purpose of giving loyal customers some extra privileges.

Di Montezemolo conceived this idea after the roadster version of the Ferrari 599 GTB Fiorano, the SA Aperta, which had a limited production run of only 80 cars, caused friction between Ferrari and some of its customers.

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DMC Shows Carbon-Kitted "3S" Ferrari California with 606-Horses

One of Germany's lesser-known tuning houses, DMC, has presented a new take on the Ferrari California hardtop roadster. Named the California 3S, the tune includes both cosmetic and performance upgrades and will receive its premiere at the Top Marques show in Macau from November 24 to 27.

The customization package brings a new carbon fiber aero kit that comprises of a front splitter and rear diffuser while the same material has also been used on the license plate surround. The car rides on a new set of rims (21-inches up front, 22-inches at the back) sourced from Miami-based wheel maker ADV1.

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In Memoriam: Ferrari Mourns the Passing of Sergio Scaglietti [1920-2011]

Yesterday was a sad day not only for Ferrari, but for car fans in general. Sergio Scaglietti, who linked his name with the Italian supercar maker to such a degree that one of it models, the 612 Scaglietti, was named after him, passed away on Sunday at the age of 91. Read more »

Formula 1: McLaren’s Boss Says Team “Must Win Races from the Start” in 2012

McLaren is second only to Ferrari in Formula 1 World Championships, having won 12 constructors’ titles, three less than the Scuderia. Yet the 2011 season has not lived up to the team’s expectations despite winning six races, because the combination of Sebastian Vettel and Red Bull was clearly superior.

Speaking at the opening of McLaren’s new Production Center, the F1 team's principal, Martin Whitmarsh, admitted that they underperformed this year.

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1994 Ferrari 348 Spyder with just 2,300 Miles and a…$100,000 Paint Job

An imaginary pod of dolphins pictured swimming in a sky of stars may look cool on a pinball machine but on an Italian exotic like the 1994 Ferrari 348 Spyder it’s more like decorating a classical sculpture with graffiti…

And if that ain’t enough to make you flip your lid, learn that the Austin, Texas dealer selling this cars claims that the paintjob, which is the work of the “world famous Hawaiian artist Christian Lassen” cost –get ready for this- $100,000!

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Video: Fifth Gear Pits McLaren MP4-12C against Ferrari 458 Italia

The 458 Italia, Ferrari's V8 supercar, is the default choice in its category. Sexy, with a fabulous design and the latest in automotive technology, it is a pure driver’s car to be enjoyed by anyone who can afford it.

Yet McLaren plans to spoil Ferrari’s party claiming that its own brand-new supercar, the MP4-12C, can beat it. On paper, little separates them. But the question for car fanatics remains: which one is better?

To find out, Channel 5's Fifth Gear presenters Tiff Needell and Jason Plato decided to pit the Ferrari against its new challenger from Britain. Their verdict? To find out, just follow the jump and watch the video…

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Anderson Germany Turns Ferrari F430 Spider into Scuderia Spider 16M

A new alternative tuning proposal for owners of the Ferrari F430 Spyder has been released by Anderson Germany. The design house has created a package that brings the brings the regular version closer to the flagship edition of the series, the F430 Spider Scuderia 16M.

The transformation begins on the outside with a new aero kit comprising of a front air dam, side skirts and a rear apron. Anderson Germany then finishes the car in a new color called Hyper Black and adds pin stripes in the form of carbon fiber accents with a yellow border.

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