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The newest Ferrari in the Sherman Wolf estate that is up for auction at Pebble Beach on August 18th and 19th, 2012 is this 1985 Ferrari 288 GTO. The 288 GTO saw very limited production, as its models were only produced to allow homologation into FIA Group B Series. To get into this series, Ferrari had to build at least 200 models, but went a little further and created 272 examples.

FIA canceled the series, which resulted in the 288 GTO becoming a road car that was sold to the public. This 288 GTO example only has two previous owners, Wolf and Ronald Stern, and boasts just 6,000 miles. The body is coated in a bright red that looks like it just rolled off of the showroom floor, though there is no mention of a restoration.

Behind the driver sits a 2.8-liter V-8 engine that boasts a pair of IHI turbochargers and Weber-Mareli fuel injection. This engine pumps out 395 horsepower at 7,000 rpm and 366 pound-feet of torque at 3,800 rpm. From 0 to 100 km/h (62 mph), the 288 GTO takes only 4.8 seconds. Add on an additional 4.4 seconds and you are at 160 km/h (100 mph). It runs the 1/4-mile in just 12.7 seconds and has a top speed of 305 km/h (190 mph).

On the front and rear, you get independent double-wishbone suspensions with coil springs. In addition, you also get 225/50R16 high-performance tires on the front, 255/50R16 tires on the rear, and vented disc brakes all the way around.

Gooding & Company expects this Ferrari to pull in between $750,000 and $900,000 at auction.

Click past the jump to read the full press release.

Source: Ferrari

The Ferrari California Spider alone is one of the most desirable Ferraris and sports cars in the world. This 250 GT LWB California Spider Competizione, which belonged to the late Sherman Wolf, is an even more desirable model, as it is one of nine examples that boast an all-alloy body and a long wheelbase. That rarity is something that will drive this car to between the $7 and $9 million mark.

This sample was actually the first Ferrari that the famed collector owned, and made its way to Wolf after first being owned by George Reed. Wolf also ran this Ferrari in the first ever Colorado Grand, just adding more to its storied history.

On the mechanical side, this 1960 Ferrari 250 GT LWB California Spider Competizione boasts full competition specifications. It has an outside plug motor that has TR heads resting on top of it, 4-wheel disc brakes, velocity stacks, and a ribbed gearbox to help keep it cool. The engine is a 2,953 cc V-12 with three Weber carbs mounted atop it and a 9.8-to-1 compression ratio. It punches out 280 horsepower at 7,000 rpm and 203 pound-feet of torque at 5,500 rpm.

The body is draped in a medium shade of red and was fully restored by Ferrari specialist, David Carte. The wheels are the factory-style wires and the headlights boast the full-racing covers to help add to the car’s aerodynamic look.

This 1960 Ferrari 250 GT LWB California Spider Competizione is being offered up at the Pebble Beach Auction on August 18th and 19th, 2012 by Gooding & Company. It is one of four Ferraris owned by the Wolf estate that are up for auction in Pebble Beach.

UPDATE 08/20/2012: The Ferrari 250 GT LWB California Spider Competizione has just set a record at Monterey for all-time high price. The classic, drop-top sports car was auctioned off for a whopping $11,275,000! Someone really wanted that car!

Updated 12/27/2013: A Ferrari 250 GT LWB California Spider will be put on auction by RM Auctions in Arizona on Friday, January 17, 2014. The car is expected to fetch around $7-9 millions!

Click past the jump to read the full press release.

Automotive Legend Carroll Shelby dies at 89

After we lost racing and general automotive legend, Carroll Shelby on May 10th, a squabble ensued over his remains. His estranged wife, Cleo, claimed that she had the rights to his remains and the documentation that his children had, which requested that he be cremated and his ashes split between his children and his burial plot in Texas, was forged.

According to reports, Shelby had filed for an annulment of the marriage, citing that his wife had lied about her background and even her name, just before he died. Unfortunately, the annulment was not awarded posthumously, so it appeared as if the only other way to settle the dispute was in court.

Fortunately, the two sides managed to keep the case out of court by coming to an agreement on Monday and Mr. Shelby’s body will be laid to rest in the way that he requested, except for one minor compromise. The minor compromise is the fact that his estranged wife gets part of his ashes.

We’re glad to hear that the issue is settled, though we would have preferred to see his wife completely cut out of it. The most important thing, however, is that the issue is done and this legend can now be laid to rest peacefully and his children can hold their heads high that their father was laid to rest in the way he requested, though his son Michael says that they are still not happy with the results.

About 15 months ago, Renault was neck-deep in an espionage case that involved three executives allegedly selling electric vehicle information to China and funneling money into illegal accounts. It later came out, following a French investigation into the firing of the three executives, that the executives were not involved in industrial espionage and that they were wrongfully terminated.

Renault found out exactly what crow tasted like, as they compensated the fired executives for lost salary and defamation, but apparently there was a little leftover crow, as 15 months after this all took place, the company’s COO, Patrick Pelata, has submitted his resignation. This isn’t the first time Paleta has submitted a resignation, as he entered one shortly after the case went sour, but Renault’s CEO, Carlos Ghosn, rejected the resignation. Renault accepted the resignation, but instead of outright losing Pelata, Renault placed him in an advisory role in the Nissan -Renault Alliance.

This time, however, the resignation will stick, as Renault has announced that effective August 16th, Paleta will step down from his post in the alliance. According to reports, there is no information on where Pelata will land, but we are certain he will find a new home, despite the false espionage case.

We’ll let you know where he ends up as soon as we find out.

Back in the early years of Porsche , technology was very limited and cars were, of course, far simpler than they are today. This meant that they also typically had much less power than today’s cars. There is no better example of said simplicity than looking at a Porsche from the 1950s and comparing it to today’s Porsches.

The most beloved Porsche of the `50s is far and away the 1600 Sportster. This compact roadster was far from fast, but it was always regarded as a nimble a fun-to-drive car. The 356A Sportster of the late 1950s is actually given a lion’s share of the credit for revolutionizing the sports car realm and showed that a car doesn’t need to be high-powered to be fun to drive.

With only 2,922 Speedsters ever built, it has become a true collector’s item that garners a ton of attention and money, especially when one hits the auction block. Well, that is exactly what we have, as RM Auctions is selling off a 1957 Porsche 356A 1600 Speedster in Monterey, California on August 17th and 18th, 2012.

Click past the jump to read all about this model being auctioned off.

The history of the Mercedes G-Class began back in 1979 and thirty four years later, a new generation will be arriving for the 2013 model year. With such a long history backing up this heavy duty utility vehicle, Mercedes has released an informative video in which they explain the history of the G-Class in just 3 minutes.

The G-class was first developed as a military vehicle, but since then, it has become one of the most iconic Mercedes models of all time. The 2013 model will be offered in two standard models - the G 350 BlueTEC and the G500 - and two AMG models - the G63 AMG and the G65 AMG. Check out the video to see the difference between these new models and the original.

In this video, Volker Leutz, Mercedes-Benz Designer, and Michael Bock, the Head of Mercedes-Benz Classic, also discuss the challenges faced when updating the G-Class. Namely, continuously improving the vehicle while remaining true to the original idea.

The 3-Series is one of the best sold models in BMW ’s history. The first model arrived onto the market in 1975 and since then, a total of six generations have been offered. You can imagine that discussing all of the models offered during this 37 year long history can be pretty difficult.

However, BMW has found a way to detail this long history in a three minutes long video. The video discusses every new model offered since 1975, and goes into how each generation has its own characteristics while maintaining the 3-Series roots. The BMW 3 Series sedan is the latest representative of a long history.

The sixth generation arrived as a 2012 model year and now we are all waiting for the new M3 sports version set to arrive as a 2014 model. Until then, enjoy this very cool video.

The Jeep Wagoneer disappeared from existence following the 1991 model year, as the Grand Cherokee took over for it in the 1993 model year. This was the beginning of the softening of the Jeep brand, as even its once rugged Wrangler eventually morphed into more of an on-road vehicle capable of light off-roading through the 1990s and 2000s. According to a statement by Fiat – parent company of Chrysler and Jeep – CEO Sergio Marchionne, the Wagoneer will bow in shortly and sit on the same underpinnings as the current Durango .

The details are still very slim on this rebirth of the Wagoneer, but being it is going to ride on the same underpinnings as the Durango , we can make some pretty safe assumptions. We will use our knowledge of the current automotive world to give you the best idea possible of what to expect from this new Wagoneer. Unfortunately, all we have to go off of is the CEO’s words, so we will continuously update you as details come to the surface.

Click past the jump to read our full review and keep on the lookout for updates.

Image note: All images are of the 2012 Dodge Durango, not the Wagoneer.

Source: AutoNews

I am a huge fan of the Chevelle and it’s definitely my favorite muscle car, but there is a limit to my love, and that limit stops after the 1972 model year. Not only did the Chevelle get strangled by 1973 Emission regulations, but Chevy also gave the Chevelle a very poor redesign. Those two happenings were pretty much the death of the Chevelle and ultimately resulted in most of us not thinking of the Chevelle beyond its first and second generations.

So when we read about a third-gen Chevelle that has been modified and restored, we just have to have a look. Big Muscle gave us a great look at Sean Rich’s 1973 Chevelle Pro Touring and we received a nice surprise.

Under the hood is a bad-ass 350 cubic-inch V-8 that’s good for about 400 ponies, which is just enough to give this 4,000-pound sedan a little pop, but not enough to get you into trouble. It also boasts 17 x 9-inch Crager Soft-8 wheels on the front, wrapped in 285/40R17 tires and 17 x 10.5-inch Crager Soft-8 wheels on the rear with 315/35R17 tires. All of that extra meat helps this massive sled actually take corners with some confidence.

In addition, Rich installed 6-piston front calipers, but left the rear drum brakes. He also installed a Tremec T-56 transmission to toss those 400 ponies to the rear wheels.

What really sets this car off is its dark theme. It boasts a coat of perfectly laid dark grey paint and the rims are a very similar dark grey color. This allows the Chevelle to look good without adding too much focus on the awkward 1973 styling. It’s a far better choice of color than the bright yellow that Rich originally painted it, that’s for sure.

Check out the above video to see Big Muscle’s full piece on the car. It is definitely worth spending 12 minutes to watch.

The 2013 model year will mark the 60th anniversary of the legendary Chevrolet Corvette and to mark this momentous occasion, Chevrolet has unveiled an interesting video that captures all of the Corvette’s 60 years in just two minutes of film. It’s hard to believe that such a vast history can be captured in just two minutes, but Chevrolet says they hit all of the big events from the past 60 years.

The first Corvette arrive on June 30, 1953. It came with only two seats and did not include roll-up windows or exterior door handles. In 2013, Chevrolet will unveil a special edition Corvette 427 Convertible Collector Edition as a celebration of the car’s 60th anniversary, sending the veteran out with a bang. In 2014, we will finally see the long rumored Corvette C7 .

Check out the video and see the history of the iconic Corvette unfold in front of your eyes.


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