In an earnings call earlier last week, Ferrari CEO Benedetto Vigna announced that the company has seen a rise in profits in Q1 2023 by 27%. Due to the higher-than-anticipated increase in profits in the first quarter of the year, the Italian luxury carmaker's share price on the Milan stock exchange also hit a record high of about $297 USD on the day of the earnings call. Beating forecasts, Ferrar's EBITDA came in at around $592 million USD with adjusted margins of 37.6%. Ferrari's performance was led by the Portofino M, 296 GTB, as well as the 81 Competizione. The Italian company delivered 3,567 units, 9.7% more than the previous year. When Ferrari initially announced its first-ever SUV, the Purosangue, it had to halt orders two months after its unveiling back in September 2022. Now, CEO Vi...
Last July, Hyundai premiered its N Vision 74 concept car under its high-performance N sublabel. Described as a "rolling lab" at the time, the '80s-inspired car of the future was made to demonstrate the automaker's commitment to zero-emission technologies. Nearly a year later, reports now surface that the N Vision 74 is heading to production.Moreover, the sports model will reportedly adopt the historic Pony Coupe moniker, paying homage to the original 1974 two-door pictured above which was credited for kick-starting the Korean car industry and influencing the design for the legendary DeLorean DMC 12.Fabrizio Guigiaro, the son of legendary automotive designer Giorgetto Guigiaro who was responsible for creating the original Pony model, is said to be leading the design of the production car. I...
Rolls-Royce has officially announced the end of the production of its convertible classic, the Dawn. The news marks the end of Rolls-Royce Dawn's seven-year production run.As automotive companies start to ramp up production for electric vehicles, Rolls-Royce is making room in its production for Spectre EV, set to land in 2023. With the Dawn discontinued, this leaves just the Ghost, Phantom, and Cullinan as Rolls-Royce's three remaining models powered by a combustion engine. The Dawn is a four-seater convertible model that was originally inspired by the "Silver Dawn" produced from 1950 to 1954. It was built with a 6.6 litre V12 twin-turbo engine with 564 horsepower and 8-speed automatic transmission. Spectre deliveries are expected to arrive in the final quarter of 2023 as Rolls-Royce enter...
Elon Musk's Tesla is preparing to tear up the speedway with a new track package for its Model S Plaid. The standout feature of the package as that it pushes the car to the 200 MPH mark, which is certainly a feat for mass-production electric vehicles.Model S Plaid track pack coming soon pic.twitter.com/a2YtxnVu22— Tesla (@Tesla) May 4, 2023In 2020, Tesla first announced that the model would be able to hit the 200 mph speed mark, but the automaker wanted to develop faster breaks before releasing the performance package. The new package is priced at $20,000 USD, which comes with the carbon ceramic brake kit and the wheel and tire package. The brake kit package can be purchased separately for $15,000 USD and the wheel and tire package for $6,000. However, the ceramic brake kit is required to u...
Building on its HUMMER EV lineup, GMC is now readying to introduce a special edition for the 2024 GMC HUMMER EV3X pickup and SUV. Dubbed the "2024 GMC HUMMER EV3X Omega Edition," the limited-run offering is set to be unveiled at the HUMMER House event at the F1 Miami Grand Prix this weekend. Created by GMC and London-based creative agency SHOWstudio, the innovative private event hosted by David Grutman invites guests to experience 0-60 mph sprints with the "Watts to Freedom" experience, shop merch, enjoy performances from DJ Khaled and Meek Mill, and dine on food from Groot Hospitality's renowned restaurants. Finally, HUMMER House will also allow guests to virtually test drive select features of HUMMER EVs.The limited-edition 2024 GMC HUMMER EV3X Omega Edition arrives in a new "Neptune Blu...
For the average golfer winning a competition usually means taking anything from bragging rights, to a gift card or maybe a couple grand. But not so on the PGA TOUR. For the Charles Schwab Challenge which will be played later this month in Fort Worth, Texas, in addition to the $1.5 million USD check, the winner will drive away in a custom 1973 Ford Bronco.Car enthusiasts will know that the Broncos from the early 70s are highly prized, normally costing somewhere in the $100,000 to $150,000 USD range. Don't let the outside of the truck fool you though, because this custom edition has been outfitted with a number of modern updates. Charles Schwab worked with a customizer who specializes in classic Ford Broncos, and the first feature to note is the 465 horsepower, Ford 2023 Gen 3 Coyote 5.0L en...
In 2021, when Lotus announced that it would be putting down the lively family of Elise, Exige, and Evora sportscars, the automotive world wept. Few brands, especially a comparatively small British one, had such a stronghold on drivers. These cars had a soft spot in every car fanatic’s heart; their manual gearboxes, potent engines, lightweight construction, and deathly behavioral habits were an intoxicating mix for anyone looking for a thrill ride. So how would Lotus bounce back from this then-devastating news? With the Emira. The marque itself knows this car will split opinions: “It’s everything you’d expect from a Lotus, but like nothing you’d expect,” reads the lead blurb. Indeed, it is everything we did anticipate – light and nimble on the front end, appropriately powered without feelin...
In the week where new ideas surrounding design, construction and technology are debuted on the world stage, Maserati unveils its latest GranTurismo grand tourer innovations. The jewel in the brand’s automotive crown arrives at Milan’s Design Week festivities in the form of two one-offs and one special edition – including Maserati’s first all-electric ‘Folgore’ powered versions.Honoring the GranTurismo’s decade-long evolution that has constantly encompassed its essential design pillars, each of the three original cars showcase a sophisticated combination of refined beauty with a forward-thinking technical anatomy. At the forefront of the masterpiece offering, Maserati issues the exclusive 300-piece GranTurismo Launch Edition PrimaSerie 75th Anniversary. Alongside a new 100% electric Folgore...
For the 2024 iteration of the Cayenne, Porsche has completely reworked the design of the vehicle. The luxury performance SUV has long been a reliable five-seater for one's every day – albeit, elevated – driving experience.In this year’s reworking of the third-generation Cayenne, the car features a totally new interior concept and the integration of a few fun digital tools for “one of the most extensive product upgrades in the history of Porsche,” according to the vice president of the Cayenne line Michael Schätzle.Leading with access to operations, the Cayenne has positioned all key functions within reach of the driver. Surrounding the seat is the stalk, which is located behind the steering wheel and now offers additional ways to operate driving assistance systems. A gear selector is inclu...
Other than to sell premium quality streetwear apparel, accessories and footwear, Teddy Santis built Aimé Leon Dore to take us into his own world and share a love for elevated lifestyle and commodities. One of those interests is cars, more specifically Porsche, who has collaborated with on one-of-one vehicles and accompanying clothing items in the past, and now he's set to link up with it for another project as Aimé Leon Dore has just teased its latest Porsche 356 A collaboration. This marks the duo's third joint project.Little information has been given about what the new project will entail, but we do have a first glance at what the next collaborative car will look like. The teaser image shows that the car has been styled with a glossy, navy blue paint job and comes equipped with white-wa...
While we've seen several Porsches with the crystal erosion design from artist Daniel Arsham in the past, never has one been ready for the races. This year, we'll see the Porsche 992 GT3 Cup Eroded 3023 compete at Carrera Cup France driven by professional race car driver Arthur Mathieu."I am very proud to be able to race this car with a Daniel Arsham Livery. Daniel is an artist that I have admired for years. I find that his work allows people to experience Art in everyday objects and in everyday life," says driver Arthur Mathieu. "Here, the Porsche 992 that I will drive for the entire 2023 season in the Porsche Carrera Cup France seems to be a relic from 3023. It’s a huge honor to race a Porsche... But it’s even better in an Arsham Porsche.The competition race car is found in white with blu...
"There’s one model that was never released as a Type R; the S2000. Until now." Those are the words of Evasive Motorsports, a California-based modification unit that has a penchant for tuning your favorite JDM cars, such as the Honda S2000.Now, it reveals a car of many a petrolhead's dreams: the Honda S2000 R. Using a Honda Civic Type R FK8s two-liter turbo engine, the restomodded S2 comes with 302 BHP, making for a considerable increase over the stock car's 237 BHP output. It's still rear-wheel-drive, living up to the tuning company's wish of wanting the "S2000R to be fun."To ensure optimum fun and driveability, Evasive Motorsports adds a carbon fiber Mugen air intake, a custom intake manifold, a titanium exhaust system from Origin Fab, a MoTeC ECU, a Koyo Racing radiator, and of course, a...