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New Ferrari California T gets new twin turbo V8 with 49% more torque (+video)

The new California T (pictured) revealed ahead of a Geneva debut It’s been a long time since Ferrari gave one of its cars a turbo charged engine, not since the late ’80s and the Ferrari F40, but that all changes – and no doubt points the way to the future – as the Ferrari California T gets revealed ahead of a debut next month at the Geneva Motor Show. Based on the V8 Ferrari build for the Maserati Ghibli, the California T’s new engine is a 3.8 litre twin turbo with 552bhp and a mountain of torque, 557lb/ft, a massive 49 per cent more than the current California produces. That improves performance marginally – 0-62mph in 3.6 seconds and a top speed of 196mph – but has a big impact on economy; the new California T improves on the current California by 15 per cent, recording official figures of 27mpg and 250g/km.

Rare video of a nearly $2 million, 600-hp Ferrari-powered boat

There are times when auction items carrying multimillion-dollar estimates can be dismissed as too pricey to spend serious amounts of time dreaming about. “A toy for a rich man, too expensive to be enjoyed,” you say to yourself. But then there things so undeniably appealing that they push all other thoughts aside and whisper, “Find a way to buy me.

Transportation secretary Ray LaHood to step down

WASHINGTON -- Transportation Secretary Ray LaHood, 67, who raised awareness about the dangers of distracted driving, said he will leave President Obama's Cabinet after a replacement is confirmed. LaHood, a former Republican congressman from Illinois, has led the Department of Transportation since 2009. He announced his departure today on the agency's website.