Browsing: Ferrari

This car was just sold for R690-million

A red 1962 Ferrari 250 GTO owned by a former Microsoft employee sold for $48.4-million (about R690-million) on Saturday in California, the most ever paid for a classic car at auction.

Ferrari plans electric supercar to challenge Tesla

Ferrari will make a battery-powered supercar to challenge Tesla at the high end of the electric-auto market, CEO Sergio Marchionne said. The race-car maker, spun off from Fiat Chrysler Automobiles, has been expanding its line-up