Ferrari

Increased sales of high end vehicles calls for specialised insurance

According to statistics from IHS Automotive, luxury automakers such as Aston Martin and Lamborghini, sold more cars in 2015 than ever before and they estimate that luxury sales will account for about 13.5% of all new vehicle sales in 2020. On the local front, the National Association of Automobile Manufacturers of South Africa (NAAMSA) states…

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Authorities in France seize supercars from dictator in Equatorial Guinea

Teodoro Mbasogo, president of Equatorial Guinea, may need to restock his garage in France now that police have seized 11 supercars owned by the African dictator’s son. GTSpirit.com reports that French authorities seized the vehicles at Teodoro Obiang Nguema Mbasogo’s home in Paris. Among them were two Bugatti Veyrons, a Maserati MC12, a Porsche Carrera…

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Even the best drivers can crash a Ferrari into the sea!

Even the better drivers may cause the accidental “boo-boo”. This was the message after a heavily modified Enzo Ferrari crashed into the ocean during the Targa Newfoundland Rally 2011. We would like to share this story from Wheels24: The supercar, valued at R11m, was piloted (and owned) by Zahir Rana, who also owns ZR Auto…

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