Aparently the one time Russian Ferrari owner had just finished handing over more than half a million euro (about $845,000) for the exotic Italian four seater only a half hour before the tragic incident occurred. As the driver explained, "I owned Ferrari for 30 minutes. Just bought it for €600,000 and was heading home, when I noticed some smoke coming out from under the hood, I promptly pulled to the sideway and ran out of the car. In just minutes my new Ferrari had completely caught on fire. I really don’t know what has happened." At least the individual had enough good sense to exit the car before he too suffered a similar fate.
The cause is still undetermined, and judging by the puddle of Ferrari that was left behind, it doesn’t look like it ever will. However, one thing is for certain, this definitely doesn’t look good for the Italian automaker.