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Man used PPP loans to buy a Lamborghini Aventador

Man Used $5.1M in PPP Loans to Buy Lamborghini and Ferrari

A federal grand jury says Mustafa Qadiri used the Paycheck Protection Program to go on a luxury car shopping spree. The cars included in the investigation were a Ferrari 458 Italia and a Lamborghini Aventador. The program was intended to help keep businesses afloat, not to fund personal car collections. $5.1 million in false federal …
Ferrari F40 fire on Japanese turnpike

Watch: Another Ferrari F40 Burns to the Ground On Turnpike

In less than a year a second Ferrari F40 has burned down. This one happened in Japan, with the previous meltdown in Monaco. No one was injured in either fire and we know that at least in the case of the one that fried in Monaco it will be rebuilt. This one? We're not so sure.
A white Koenigsegg Jesko hypercar at the Geneva International Motorshow in Switzerland in March 2019

Supercar vs. Hypercar: What’s the Difference?

The terms “supercar” and “hypercar” describe vehicles capable of extreme speeds and premium performance. Plenty of sports cars on the road today offer spine-tingling power and precise handling. The 21st century has churned out some amazing vehicles, from the McLaren F1 to the Ferrari Enzo. But with so many options, it’s hard to distinguish which …
Ferrari SF90 Stradale hybrid. Ferrari

Ferrari Lied: It Will Produce An All-Electric Model By 2025

Toward the end of 2020 Ferrari announced it would never build an all-electric car. End of story. Except, Ferrari lied. Today it was confirmed that Ferrari will build an all-electric car. This courtesy of Ferrari CEO John Elkann, who says it will be introduced by 2025.  This isn’t its first foray into electrification, as it …
Phony Ferrari trunk open with melons for sale

Watch: Man Sells Melons From Frunk Of His Ferrari

Well, this is one way to increase your melon sales. The owner of this Ferrari 488 GT in Vietnam has increased his melon sales selling them from the car’s frunk. We’re not kidding. When people see his Ferrari coming down the street they flock to it supercharges his sales. But how can selling melons support …
A front-facing red 2004 Ferrari 612 Scaglietti parked next to a rear-facing silver one

The 612 Scaglietti Is an Overlooked Affordable Used Ferrari GT

Considering the ‘entry-level’ 2021 Roma starts at $220k, buying a Ferrari is understandably a pipe dream for many people. However, even brand-new Ferraris eventually become depreciated used cars. And sometimes, they become underappreciated affordably-priced used cars. The 308 GT4 is this for the Italian brand’s classic models, for example. And if you’re after a more …
The Ferrari logo on a red vehicle.

Does Ford Own Ferrari?

The Ford-Ferrari connection dates back to the 1960s. And while that connection’s foundation may be based on a bitter rivalry, it’s a rivalry that stems from Ford’s attempt to buy Ferrari. But does Ford actually own Ferrari? And, if it doesn’t, who does? Does Ford own Ferrari? To put it simply, no. Ford does not …
An image of a destroyed car collection.

Fire Kills $3 Million Ferrari LaFerrari and Ultra-Rare Car Collection

A massive car collection featuring a $3 million Ferrari LaFerrari went up in flames recently across the pond in England. While details remain fairly scarce, preliminary reports indicate that arsonists targeted the ultra-rare Ferrari and subsequent car collection. While the fire didn’t hurt anyone personally, none of the cars survived. According to Supercar Advocates, the …
A black and white image of a Ferrari 375 MM out on a track.

Missing Ultra-Rare Ferrari 375 MM Is a $10 Million Treasure That Vanished

Released originally in the 1950s, the Ferrari 375 MM remains one of the most sought-after V12-powered race cars of its era. Ferrari built 26 examples of this ultra-rare model during its short production run, featuring various body styles. While we know exactly what happened to 25 of these cars, one of them remains unaccounted for. …