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First Ferrari LaFerrari hits the auction block

If you haven't laid down your $1.4 million to be one of 499 people to own the new Ferrari LaFerrari by now, then you're already too late. Fortunately, Ferrari's new hybrid supercar has just been listed by German auction site SEMCO Gmbh, meaning that you still have a shot at owning one, but it'll cost you - dearly.
With just 124 miles on the odometer, this particular LaFerrari is being listed at 2.38 million euros - more than $3.2 million USD. But hey, at least that includes the Value Added Tax, eh? If the seller manages to command that asking price, it would be an incredible return on investment every bit as fast as the car itself, which in case your mind needs refreshing, is very fast indeed. Top Speed? Try 217 miles per hour and a 0-60 time of under three seconds.

This is what it's like to drive Magnum PI's Ferrari 308

In the pantheon of 80s pop culture, few cars have such provenance as the Ferrari 308. Sure, vehicular icons like the DeLorean and Pontiac Trans Am (especially in time machine and KITT guise) made us swoon back in the day, but there's something about the bright red Italian that makes it stand out; perhaps it is the 308's performance credibility, at least when compared to other memorable cars of its ilk.
Our fondness for Magnum PI's Ferrari 308 is shared by Oscar Verdugo, who's featured in the video you'll see below. Brought to you by theAFICIONAUTO, this video highlights the bond between the men and women who own and love such so-called star cars, and it focuses on one particular 1981 Ferrari 308 GTSI. Scroll down to watch the video below.

BMW, Ferrari, VW cars use tungsten mined by terrorists

Bloomberg Markets is reporting that BMW, Volkswagen and Ferrari have been using tungsten ore sourced from Columbia's FARC rebel terrorists. The extensive story focuses on Columbia's illegal mining trade and calls into question the provenance of the rare ore that is used not only in crankshaft parts production, but is also found in the world's computing and telecommunications industry for use in screens.
The ore is mined by the FARC (Fuerzas Armadas Revolucionarias de Colombia, or Revolutionary Armed Forces of Colombia - People's Army), and exported to Pennsylvania, where it is refined. The refined ore is then sent over to Austria, where a company called Plansee turns it into a finished product. Now, it's important to note that we aren't talking about the world's supply of tungsten here. In 2012, Plansee's American refinery purchased 93.2 metric tons of tungsten, valued at $1.8 million. That's peanuts, with the entire Colombian tungsten mining industry producing just one percent of the world's supplies.
That doesn't make indirectly supporting FARC any more acceptable, though. BMW, VW and Ferrari are all committed to not accepting mineral supplies from the Democratic Republic of Congo, which is also in the grips of a guerrilla insurrection funded, in part, by illegal mining. The same commitment would figure to extend to Colombian mining, but as BMW points out, it's difficult for a multi-national manufacturer to know where every item in its supply chain comes from. A company spokesperson says as much, telling Bloomberg, "These few grams out of the billions of tons of raw materials passing through the BMW supply chain are of no practical relevance."