Report: Ferrari cuts Toronto lawyer a deal to replace his flooded California [w/video]

Filed under: Convertible, Performance, Etc., Videos, Ferrari, Canada, Luxury

Canadian lawyer Howard Levitt's 2010 Ferrari California gets stuck in a flood on his way to the airport.

A Ferrari might be the last vehicle you’d want to be driving when streets are submerged in water, but Toronto lawyer Howard Levitt was unfortunate enough to be behind the wheel of his $200,000+ Ferrari California when the tunnel he was driving through started to fill up. It was July, when parts of the Canadian city were flooded, but he was determined to make his flight to a court appearance the next day. So Levitt abandoned his metallic blue supercar in the middle of the street and took a cab to the airport, the National Post reports.

The car subsequently was totaled, and the insurance company covered the damage, so after completing his court assignment (and a column for the Financial Post that was due the same day), Levitt began to search for a replacement for his California – driving his 1994 Dodge Viper in the meantime. He decided on a 2014 California in the same metallic blue to replace his 2010 model. When he approached Ferrari to put in an order, the Italian marque was waiting for him, having heard of his mishap. The company offered him a “very generous” deal on a 2014 model; an undisclosed amount less than the after-options retail price of around $300,000.

The new Ferrari is expected to be delivered to Levitt in November, and we can only hope another flood doesn’t catch him off guard. We’re not so sure Ferrari would offer him another “very generous” deal. Feel free to watch the short video below, despite its rather static nature, which we included to precisely show the sad fate of Levitt’s fallen California.

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Ferrari cuts Toronto lawyer a deal to replace his flooded California [w/video] originally appeared on Autoblog on Thu, 05 Sep 2013 16:04:00 EST. Please see our terms for use of feeds.

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Report: Ferrari cuts Toronto lawyer a deal to replace his flooded California [w/video]

Filed under: Convertible, Performance, Etc., Videos, Ferrari, Canada, Luxury

Canadian lawyer Howard Levitt's 2010 Ferrari California gets stuck in a flood on his way to the airport.

A Ferrari might be the last vehicle you’d want to be driving when streets are submerged in water, but Toronto lawyer Howard Levitt was unfortunate enough to be behind the wheel of his $200,000+ Ferrari California when the tunnel he was driving through started to fill up. It was July, when parts of the Canadian city were flooded, but he was determined to make his flight to a court appearance the next day. So Levitt abandoned his metallic blue supercar in the middle of the street and took a cab to the airport, the National Post reports.

The car subsequently was totaled, and the insurance company covered the damage, so after completing his court assignment (and a column for the Financial Post that was due the same day), Levitt began to search for a replacement for his California – driving his 1994 Dodge Viper in the meantime. He decided on a 2014 California in the same metallic blue to replace his 2010 model. When he approached Ferrari to put in an order, the Italian marque was waiting for him, having heard of his mishap. The company offered him a “very generous” deal on a 2014 model; an undisclosed amount less than the after-options retail price of around $300,000.

The new Ferrari is expected to be delivered to Levitt in November, and we can only hope another flood doesn’t catch him off guard. We’re not so sure Ferrari would offer him another “very generous” deal. Feel free to watch the short video below, despite its rather static nature, which we included to precisely show the sad fate of Levitt’s fallen California.

Continue reading Ferrari cuts Toronto lawyer a deal to replace his flooded California [w/video]

Ferrari cuts Toronto lawyer a deal to replace his flooded California [w/video] originally appeared on Autoblog on Thu, 05 Sep 2013 16:04:00 EST. Please see our terms for use of feeds.

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Report: Court upholds pension cuts to 100 retired GM execs

Filed under: Government/Legal, GM, Earnings/Financials

ARCHIV: Das Logo von General Motors und ein blaues Lichtband zieren das Renaissance Center in Detroit (Foto vom 08.06.11).

100 retired executives from General Motors will soldier on with smaller pensions after a trio of judges in the Sixth Circuit Court of Appeals in Cincinnati, ruled in favor of the automaker. The dispute stemmed from the requirements made by the Obama administration as part of GM’s bankruptcy and restructuring, according to a report from The Detroit News.

The gist of the suit is that the former execs thought their pensions were being calculated one way for the purpose of the cuts, while the automaker was actually counting a different way, with GM factoring in a salaried retirement plan into the executive retirement plan. The judges in the appeals case sided with a 2011 ruling by US District Court Judge George Caram Steeh.

One of the conditions for the bailout was that GM needed to trim all executive pensions worth over $100,000 per year by up to two-thirds. Not surprisingly, some execs weren’t pleased about this. As The Detroit News notes, former CEO Rick Wagoner saw his pension fall from $20 million to $8.5 million.

According to The News, trimming the pensions of the top executives alone saved $221 million per year, while overall pension and health care cuts added up to $4.6 billion in savings.

Court upholds pension cuts to 100 retired GM execs originally appeared on Autoblog on Thu, 08 Aug 2013 16:01:00 EST. Please see our terms for use of feeds.

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Official: Honda Mean Mower hits 60 mph in 4 seconds, cuts to 130 mph [w/video] [UPDATE]

Filed under: Motorsports, Videos, Honda, UK, Specialty

Back in June, we reported that Top Gear was building what it hoped would become the world’s fastest lawn mower, and had solicited help from Honda and its British Touring Car Championship partner Team Dynamics. Well, they’ve finished the build and the resulting contraption is the Mean Mower. With a top speed estimated to be over 130 miles per hour, it should beat the 96.529-mph record set by Bobby Cleveland and his Snapper race mower at the Bonneville Salt Flats in September 2010, and take the cake as the fastest lawn mower ever.

Let’s start off with the specs: 109 horsepower, 309-pound curb weight and 0-60 mph in four seconds. Crazy numbers, but maybe you’ll be comforted that the lawn mower is a Honda HF2620 in name only, with a custom chassis made of 4130 chromoly, a 1,000cc engine from a VTR Firestorm, a paddle-shifted six-speed transmission, a bespoke suspension and wheels from an ATV. The body was sourced from the production mower, however.

Sure, it can cut grass – at 15 mph, double the top speed of a regular HF2620 – using two electric motors spinning 3mm steel-cutting cables at 4000 rpm, but the grass bag has been reengineered to house the fuel tank, a high-capacity oil cooler and a secondary radiator. So much for that clean cut.

Honda says that it has topped 100 mph on track, but there’s no video to verify this. (Please Honda!?) But there is a great teaser with reigning BTCC champion Gordon “Flash” Shedden mowing the lawn in a mean way, below.

UPDATE: A second video of the Mean Mower has been added below, this time featuring The Stig.

Continue reading Honda Mean Mower hits 60 mph in 4 seconds, cuts to 130 mph [w/video] [UPDATE]

Honda Mean Mower hits 60 mph in 4 seconds, cuts to 130 mph [w/video] [UPDATE] originally appeared on Autoblog on Wed, 17 Jul 2013 19:01:00 EST. Please see our terms for use of feeds.

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BMW cuts the glare with M3 Matte Edition for China

Filed under: Coupe, Performance, China, BMW

BMW M3 Matte Edition

BMW M3 Matte Edition – Click above for high-res images

Automakers have all sorts of different ways of celebrating milestone anniversaries. In the case of the M3, which turns 25 years old this year, BMW opted to roll out a series of special editions for individual markets. Japan, for example, got the Competition Fire Orange Edition. Here in the United States, we got the Frozen Gray edition. Australia got the Pure edition, and in China they got the Tiger edition. The latter proved so popular that BMW has opted to roll out a second special edition for the People’s Republic.

Called the Matte Edition, its defining feature, as you might have guessed, is the matte black paint job, complimented by black chrome trim, high-gloss 19-inch alloys to contrast with the low-gloss body, red brake calipers and an interior decked out with carbon fiber trim and red stitching. Mechanically, the Matte Edition is exactly the same as a stock M3, but the color scheme is one of the most attractive we’ve seen yet. Follow the jump for the official press release (translated into English).

Gallery: BMW M3 Matte Edition

[Source: BMW]

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BMW cuts the glare with M3 Matte Edition for China originally appeared on Autoblog on Tue, 29 Mar 2011 18:31:00 EST. Please see our terms for use of feeds.

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Worth the Paper Cuts: Cardboard Honda NSX racer assembly shots are awesome

Filed under: Motorsports, Coupe, Performance, Etc., Japan, Marketing/Advertising, Honda, Design/Style, Racing

Epson papercraft Honda NSX build – Click either image for high-res gallery

We were never the kinds of kids who could sit down and crank out a plastic model with any sort of aplomb. In fact, we have a stack of half-finished kits in the hall closet that fire disapproving glares at us every time we go for a fresh towel. Paper models, on the other hand, we can do. Few things are more entertaining that transmuting a flat piece of heavy stock paper into a 3D interpretation of, say, a Honda/Acura NSX racer.

You may recall that the printing gurus at Epson rolled out a full-scale cardboard replica of the Honda halo beast at the Tokyo Auto Salon earlier this year. Now a gaggle of photos detailing the construction process have surfaced via the web-scouring folk over at Jalopnik.

Now, here’s the really cool part. The whole build process is nearly identical to what you’d expect out of stitching together a much smaller papercraft model. How identical? Printer company Epson was kind enough to supply 1:24 scale design plans so that the rest of the world can crank out its own version of the car. Now if you’ll excuse us, it’s time to bust out the X-Acto knife.

Gallery: Epson Papercraft NSX Racer

[Source: Epson via Jalopnik]

Worth the Paper Cuts: Cardboard Honda NSX racer assembly shots are awesome originally appeared on Autoblog on Wed, 04 Aug 2010 13:01:00 EST. Please see our terms for use of feeds.

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