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NHTSA fines Ferrari $3.5 million for missing reports

Ferrari will pay a $3.5 million penalty for family to comply with oversight requirements set forth by the National Highway Traffic Safety Administration.
The federal agency that oversees road safety in the United States announced Friday morning that Ferrari had not submitted early warning reports for the past three years. These reports help the agency identify potential or existing safety threats.
In the wake of the rolling recalls for defective General Motors ignition switches, there has been considerable scrutiny of NHTSA's handling - or mishandling - of these early warning reports. Friday's fine is an indication the agency is taking its enforcement mandates more seriously, albeit against a manufacturer that has no large-scale presence on American roads.

1964 Ferrari 250 GTO sees Petrolicious embracing gorgeousness

We've never, ever accused Petrolicious of slacking when it comes to the quality of cars it features. Each week brings a new, exciting, rare vehicle that has some special quality or provenance to it. But this week's video... it's beyond everything else the series has ever done.
That's because it stars the legendary Ferrari 250 GTO, also known as (possibly) the most expensive vehicle ever sold. Only 36 were ever built, and this particular 1964 example was the first of the Series II range. Rather than some tinkerer or restorer behind the wheel of this masterpiece, Derek Hill, son of the first American Formula One World Champion, Phil Hill, is on hand for the interview and is slotted into the tight cockpit of the Rosso Corsa masterpiece.
This particular GTO was raced multiple times by Hill Sr., and it recorded wins at Daytona and Nassau, thanks in part to its 300-horsepower, 3.0-liter V12 engine. That makes it a bit special for the younger Hill, who can speak with some authority about this car's provenance - and wheel it rather well himself, as he's a fairly accomplished racer in his own right. Of course, if you're like us, you'll forget everything Hill says and will go completely slack-jawed as soon as that V12 starts to sing.

$80M Ferrari deal would make Vettel world's highest-paid sportsman

Formula One is in for a big shakeup next season, as the only two multiple World Champions on the grid are kicking off a game of musical chairs. Just who will end up where has yet to be figured out, but the overwhelmingly prevailing wisdom has Sebastian Vettel, who has already announced his departure from Red Bull, inking a contract with Ferrari worth 150 million pounds sterling for three years - that works out to over $80 million per year.
If the reports are true, that would make Vettel (pictured above with his assumed new teammate Kimi Raikkonen) the highest-salaried sportsman in the world. Compared to Vettel's rumored $80 million/year, soccer player Cristiano Ronaldo was paid $52 million last year and NFL quarterback Matt Ryan got $42 million, just ahead of soccer player Lionel Messi at $41.7 million. Boxer Floyd Mayweather was reportedly paid a whopping $100 million last year, but that's based on how many fights he fights and wins, putting him on a different earnings spectrum.
Those figures are also just for salaries, and do not include sponsorship and endorsement deals - and therein may lie part of the reason for Vettel's reportedly stratospheric salary. In addition to his salary from the Red Bull team with which he's won four World Championships, Vettel also pulls in a large retainer from Infiniti, which sponsors both the team and himself personally. In departing Red Bull, he'd undoubtedly have to sever the tie with Infiniti as well.