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Ferrari Special Projects develops latest custom

Ferrari's Special Projects team is developing its fifth car for Ferrari collector and petro-chemical magnate Cheerag Arya, dubbed the Arya SP. Arya, who has seven Ferrari's including a 599 GTO and 599 XX, signed off the design after being shown twelve design sketches and now a clay model has been approved and development is set to begin. "I told the designers what I wanted and they presented me with a total of 12 designs.

Leonardo DiCaprio launches Formula E racing team

Formula E Star of the silver screen Leonardo DiCaprio has launched his own racing team. Called Venturi Automobiles, the new motorsport outfit will campaign a single-seater racing car in the first season of the Formula E all-electric championship next year. On Bing: see pictures of Leonardo DiCaprioOn Bing: see pictures of Formula EWhat is Formula E?

Rent-an-Aventador: Exotic-car rental companies cater to client needs

For those who adore exotic sports cars but want to avoid the staggering depreciation, high maintenance costs and laughable insurance premiums required for ownership, there is a solution: exotic-car rental. At its new Los Angeles airport location, Black & White Car Rental recently displayed its latest acquisition, a Lamborghini LP-700-4 Aventador to be used in a fleet that includes Ferrari 458s, Mercedes-Benzes and even daily drivers such as the Toyota Camry. “Obviously this car isn't our bread and butter,” said Dan Darvish of Black & White.