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Scraps of a rare 1954 Ferrari 500 Mondial Spider Series I were just sold for about $1.9 million. The buyer could end up investing another $2 million just to restore the car, a Ferrari expert said. In "very good condition," the model can be worth up to $4 million to $5.5 million, the expert said. The remnants of a Ferrari 500 Mondial Spider Series I were recently sold at RM Sotheby's auction for about $1.9 million, and it may take another $2 million just to restore the car to its glory racing days, a Ferrari historian told Insider. "A Ferrari 500 Mondial Spider Pinin Farina in restored or at least very good condition is currently in the wide range between $4M and $5.5M," Birner wrote.
Persons: Pinin Farina, Franco Cortese, Cortese, Walter Medlin, Sotheby's, What's, Andreas Birner, Birner, Ferrari's, Ferrari, Organizations: Morning, RM, Pininfarina, Ferrari, Mondial, Mille, Sotheby's, Ferraris, New York Times, The Times Locations: Italian, Italy, Maranello
CNN —A hulk of dented, torn and scorched metal that was, decades ago, a Ferrari race car just sold at an RM Sotheby’s auction in California for $1.9 million. One of only 13 made, this 1954 Ferrari Mondial Spider Series I wasn’t one of Ferrari’s fabled V12 models but a an entirely different design. This car, a different 1954 Ferrari 500 Mondial Pinin Farina Spider, was offered for sale on the auction site Bring A Trailer in September, 2021. The most expensive Ferrari ever sold at auction was the 1962 Ferrari 250 GTO, which was also on the block at RM Sotheby’s. The price includes the RM auction house commission, and the buyer is undisclosed.
Persons: it’s, Ferrari, Pinin Farina, Franco Cortese, Pinin Farina Spider, Walter Medlin, Brian Rabold, drivable, Rabold, ” Rabold Organizations: CNN, Ferrari, Pininfarina, Ferrari Mondial Spiders Locations: dented, California, Scaglietti, United States
CNN —The Lamborghini Lanzador is only a concept car for now, but the Italian supercar maker says it offers a preview of the brand’s very first fully electric model which will go into production in 2028. With no space needed for a gas engine — in a gas-powered Lamborghini sports car, it would be behind the seats — the Lanzador has small back seats. Other automakers, like Rimac and Automobili Pininfarina (which uses Rimac technology), already sell electric two-seat supercars costing millions of dollars. Porsche — which like Lamborghini is part of the Volkswagen Group — took a similar approach with its first EV. Lamborghini has committed to selling only “electrified vehicles,” meaning either plug-in hybrid or fully electric, by the end of 2024.
Persons: Lamborghini, It’s, Stephan Winkelmann, Winkelmann, Rimac, Organizations: CNN, Lamborghini, luxe, Pininfarina, Porsche, Volkswagen Locations: Italian, Urus
Community: Inside Amazon's little-known Slack channel. And that's playing out inside an internal slack channel called #focus-and-pivot-info for employees put on performance improvement plans — also known as PIPs. Go behind-the-scenes of Amazon's little-known Slack channel here. Right as tech companies shrink their headcounts, AI is gaining popularity in the workplace, writes Insider's editor in chief for business, Matt Turner. Thousands of anonymous tech employees fretted over the future of tech compensation.
The electric Hummer, Porsche Taycan, Rivian R1T, and Pininfarina Battista are each a blast for different reasons. Kia EV6 GTThe 2023 Kia EV6 GT. Tim Levin/InsiderWarn your passengers to brace themselves before pinning it in Kia's new EV6 GT. The 2023 Kia EV6 GT. Porsche TaycanThe 2022 Porsche Taycan Cross Turismo Turbo S. Tim Levin/InsiderPorsches are renowned for their superior driving dynamics.
I've tested 25 electric cars from Tesla, Mercedes, Hyundai, Ford, and more. Picking an absolute favorite is tough, since I've had so many memorable experiences with so many interesting vehicles. Pininfarina BattistaThe Pininfarina Battista. The Battista has four motors (most electric cars have one or two) and cranks out a certifiably bonkers 1,900 horsepower. The Pininfarina Battista.
The unveiling of the 1,025 horsepower Dodge Challenger SRT Demon 170 has been long anticipated, and long delayed. Dodge had originally expected to just modify the Dodge Challenger Demon engine, which is capable of producing up to 840 horsepower. The 2023 Dodge Challenger SRT Demon 170 can reach 60 miles per hour in under two seconds. StellantisIntroduced in 2008, the modern Dodge Challenger shares much of its engineering with the four-door Dodge Charger and Chrysler 300 sedans. Options for the 2023 Dodge Challenger SRT Demon 170 include a Direct Connection Parachute Mounting System.
I've tested 20 electric cars, SUVs, and pickup trucks from Tesla, Ford, Porsche, Polestar, and more. But electric cars are quick, convenient, fun to drive, and quiet. Hours behind the wheel taught me some important lessons about range, charging, and our electric future. Charging can be more convenient than getting gasRecharging an electric car takes a whole lot longer than filling up on gas. The best ones offer spacious interiors and clever storageToday's electric cars typically use what's known as a skateboard platform, which is basically what it sounds like.
Tesla's Model Y is incredibly easy to charge, while Pininfarina's Battista packs mind-bending acceleration. The Tesla Model Y's Supercharging abilityThe Tesla Model Y. Tim Levin/InsiderTeslas are known for a lot of things — their minimalist interiors, their sporty performance, and, for better or worse, their boisterous mastermind, Elon Musk. But the one part of testing a Tesla Model Y that stuck with me more than any of that was Supercharging. The Tesla Model Y. Tim Levin/InsiderOnce you have a payment method set, Supercharging is as simple as pulling up to an available stall and plugging in. The Polestar 2's screensThe 2022 Polestar 2.
The Battista is made almost entirely out of carbon fiber, which is super light and rigid but also unforgiving over bumps and cracks. You can hear pebbles bouncing off of the supercar's floor as you drive. The Pininfarina Battista. Tim Levin/Insider
Indeed, as Insider reported last week, Mark Zuckerberg isn't ruling out the possibility of more layoffs at Meta. Amazon CEO Andy Jassy Dan DeLong/GeekWire1. Meta CEO Mark Zuckerberg Photo by Liu Jie/Xinhua via Getty2. The tech titans are known for paying the big bucks, but that's not the only way to make it in tech. Tech leaders like Ancestry CEO Deb Liu and Scale AI CEO Lucy Guo will appear on stage.
I tested the Pininfarina Battista, a dizzyingly quick electric supercar that costs $2.2 million and up. That's kind of what driving the Pininfarina Battista is like. The Pininfarina Battista. Tim Levin/InsiderThe $2.2 million, 1,900-horsepower electric supercar is mind-bendingly, frighteningly quick, recently claiming the world acceleration record for a street-legal car. The Pininfarina Battista.
I drove the Pininfarina Battista, a new electric supercar that costs $2.2 million and up. The Pininfarina Battista. Tim Levin/InsiderThe $2.2 million, 1,900-horsepower electric supercar is mind-bendingly, frighteningly quick, promising to hit 62 mph from a standstill in less than two seconds. The Pininfarina Battista. The Pininfarina Battista.
If anyone still needs convincing that electric cars need not be boring appliances, the Battista is a convincing, if costly, argument. Electric power promises more acceleration and power without tailpipe emissions and, for better or worse, without the cacophony of a V12. But Lamborghini’s current CEO, Stephan Winkelmann, has said that a proper electric supercar isn’t possible with today’s technology. The Pininfarina Battista puts his skepticism to the test, but, I fear, Winkelmann may just be right. The Pininfarina Battista has a $2.2 million price tag and outrageous performance Andi HedrickThe fully electric Battista was designed and assembled by a company spun off from the better-known Pininfarina design firm that crafted bodies for decades’ worth of beautiful Ferraris.
Lordstown Motors sold the factory to Foxconn earlier this year while Foxconn, in turn, agreed to build Lordstown’s electric pickup, the Endurance, there. Another California-based startup, Indi EV, has also agreed to have Foxconn build its car, the Indi One, there. Aside from road-going automobiles, Foxconn has also agreed to build an electric farm tractor, the Monarch MK-V, at the factory. Luxgen’s parent company, Yulon Group, and Foxconn created a joint venture called Foxtron in 2021 to develop and manufacture electric vehicles. Various Foxconn companies are part of an large industry group called the MIH, or Mobility in Harmony, consortium, which is jointly developing the basic electric vehicle engineering platform that underlies Foxconn’s electric vehicles.
From the "Great Resignation" to "quiet quitting" and even "quiet firing," there's a slew of new words that encapsulate the state of work today. Amazon, Meta, and other big tech firms have entered the "Great Hesitation." With economists and business leaders predicting a looming recession, leaders at large-cap tech companies are in an anxious waiting game — and they're starting to cut hiring and other costs as they prepare for the storm to hit. "I think all of these companies are in this so-called 'Great Hesitation,'" one tech-investment fund leader said. Injecting Amazon DNA into a startup by hiring its alumni is a common tactic, according to one 20-year Amazon veteran.
It’s the first model from Pininfarina, the legendary Italian firm that’s designed and built cars for other brands like Ferrari — but never came out with its own vehicle. The Pininfarina Battista. Tim Levin/InsiderAutomobili Pininfarina is technically separate from Pininfarina, the design house. Both under the umbrella of the Indian automotive giant Mahindra.
It’s the first model from Pininfarina, the legendary Italian firm that’s designed and built cars for other brands like Ferrari — but never came out with its own vehicle. The Pininfarina Battista. Tim Levin/InsiderAutomobili Pininfarina is technically separate from Pininfarina, the design house. Both under the umbrella of the Indian automotive giant Mahindra.
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