Yet, another Ferrari has bit the dust. One of the 16 (now 15) Ferrari 360 Challenge Stradales that were imported to New Zealand and Australia was crashed this week after a father handed over the keys to his son. We can imagine the reluctance that the father had when handing the keys to his best car over to his son and now we are sure that he is regretting this decision.

For years Ferrari and Pininfarina have worked together on different projects – but now they are going to be closer than ever before. This week a report from Reuters stated that Piero Ferrari (son of Enzo) will be joining three other “prominent figures of the Italian automotive industry” - which include Alberto Bombassei (chairman of the Brembo brakes company), and Marsiaj family (the family that runs the Italian seatbelt manufacturer Sabelt).

The news of this change came shortly after Tata released their plans to place a 100 million euro stake in the company. This money will go to creating the new Pininfarina electric car that Bollore is helping to develop. It will also reduce the shares that the Pininfarina family has at this time.

Hybrids are becoming a more popular vehicle for people to drive. The fact that they are safer for the environment is something that many people love about them. This love is shared by Formula One who has decided that only hybrids will be able to race starting in the 2009 season.

This new rule is being put into force by the FIA who stated that starting next year racers must drive hybrid cars in order to comply with the Kinetic Energy Recovery System. Formula One stated that it will take until 2013 before all of the changes from the new system to take effect – but it will start with the 2009 season.