Just as more spy shots of the rumored “Baby Ferrari” begin surfacing, the Italian automaker has decided to blow the cover off their newest vehicle, the gorgeous California, with a trio of official photos. Offered only as a folding hardtop convertible, the California aims to sate the desires of the ultrarich who crave both open-air and Grand Tourer experiences.

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A 1961 Ferrari California Spyder, originally owned by actor James Coburn, sold for close to $11 million at auction in Italy. The sale was reported to be the highest price ever paid for a vintage car at auction according to RM Auctions and Sotheby’s. Saturday’s sale topped the previous record set by a 1962 Ferrari 250 GTO which sold in 1990 for $10,756,000.

Vintage Ferraris are in high demand in Europe, where private sales of the vehicles have routinely topped the $11 million mark....
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MONTE CARLO, Monaco — On the track, McLaren and Ferrari will be battling for victory at the Monaco Grand Prix this weekend. Off the track, all eyes will be on the return of embattled FIA president Max Mosley.

McLaren goes into Formula One's signature race on a high, even after Felipe Massa notched Ferrari's fourth straight win of 2008 at the Turkish GP and the Brazilian's third straight at Istanbul.

Lewis Hamilton's drive to a second-place finish was one of his best...
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