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Auctions: Ferrari 458 with $1M wheels still hasn’t found a buyer [w/video]

Filed under: Aftermarket, Videos, Ferrari

2011 Ferrari 458 Italia with Vossen Wheels front three-quarter

Rule number one of modifying a car: When it comes time to sell, people want to pay for the car, and could care less how much you spent in the aftermarket. This is a lesson that the guys at Latitude Wheels in Miami are currently learning.

The wheel company’s “flagship show car,” a 2011 Ferrari 458 Italia was put up for sale on eBay weeks ago, as reported by Jalopnik. The price? Just a shade under $1.3 million. For a 458 Italia. That normally starts around $230,000. Yeah.

Latitude justifies the car’s price based on a very expensive set of wheels. To be exact, the 21-inch fronts and 22-inch rears are forged Vossen Precision Series wheels. Mounted on Pirelli rubber, Latitude claims the package is worth over $1 million. Add onto that the $20,000 in Novitec Rosso carbon fiber pieces – none of the fun, performance stuff Novitec is known for – and you come to an eBay starting price of $1,290,000.

The auction closed on Wednesday night, without so much as a bid. Check out the promotional video Vossen put together below.

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Ferrari 458 with $1M wheels still hasn’t found a buyer [w/video] originally appeared on Autoblog on Sat, 27 Jul 2013 13:15:00 EST. Please see our terms for use of feeds.

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Report: No $1M prize winners in contest to crack Toyota sudden acceleration syndrome

Filed under: Safety, Technology, Toyota

Last year, Edmunds asked its readership to recreate a mechanical or electrical cause of sudden unintended acceleration of the kind that allegedly plagued Toyota in 2009 and 2010. The prize for coming up with verifiable proof of mechanical failure causing SUA was a cool $1 million dollars. Perhaps unsurprisingly, that contest just concluded without a winner.

Over the course of the year, Edmunds readers were unable to come up with proof that a mechanical or electrical fault caused the accidents that led to Toyota’s drastic recall. That backs up NASA’s finding that absolved Toyota of any wrongdoing. With mechanical failure ruled out as a viable cause of SUA, we’re left with an uncomfortable thought: Short of those dealing with binding floor mats or those sticky recalled pedals, driver error was almost certainly the culprit for the flurry of unintended acceleration claims.

No $1M prize winners in contest to crack Toyota sudden acceleration syndrome originally appeared on Autoblog on Fri, 27 May 2011 14:02:00 EST. Please see our terms for use of feeds.

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“World’s biggest dating site for married people” offers Clarkson £1m to be spokesperson?

Filed under: Etc., Marketing/Advertising, UK, Celebrities

It seems there aren’t many news cycles that go by without a celebrity being accused of cheating on their spouse. But for some reason, when Top Gear host Jeremy Clarkson is alleged to have been caught making out with a production assistant on the Top Gear World Tour, he gets a £1 million ($1.64M U.S.) offer to be the spokesperson for an adultery website.

The Guardian reports that dating site Ashley Madison (motto: “Life is short, have an affair”) has placed the bounty on Clarkson’s head in hopes that the Top Gear host will work as the site’s public face. The Guardian feels Clarkson would be a lousy spokesperson for the site given the fact that his alleged affair was anything but discreet, but the site doesn’t seem to feel that way.

An Ashley Madison spokesperson reportedly told the paper “what he has or hasn’t allegedly done isn’t important, he has made discreet adultery a major talking point.” We’d add that if Ashley Madison were looking for a more discreet cheater that hasn’t been caught, he or she certainly wouldn’t be a spokesperson for the site… unless they wanted to be caught.

Further, we’re guessing the £1 million offer has a lot more to do with the website trying to gain some publicity for itself, as the chances of Clarkson taking them up on the offer are slim to none. And for the record, Clarkson and his assistant both claim the alleged affair never happened.

[Source: Guardian]

“World’s biggest dating site for married people” offers Clarkson £1m to be spokesperson? originally appeared on Autoblog on Fri, 08 Apr 2011 11:03:00 EST. Please see our terms for use of feeds.

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Report: Ahmadinejad’s tired 1977 Peugeot 504 draws $1M bid

Filed under: Auctions, Etc., Peugeot, Middle East

Mahmoud Ahmadinejad's 1977 Peugeot 504

Peugeot 504 – Click above for high-res image gallery

Iranian President Mahmoud Ahmadinejad recently put his 1977 Peugeot 504 on the auction block. The original price for a ’77 504 was in the neighborhood of $9,000, and a used one like Ahmadinejad’s could fetch $2,000 in its local market. The bidding just got a massive shot in the arm, however, because someone thinks the car is worth a million bucks.

The million-dollar bid came from an Arab country but further details have not been released. Proceeds from the sale of the 504 will be used to build a low-income housing project.

Gallery: 1968-1983 Peugeot 504

[Source: CNN]

Report: Ahmadinejad’s tired 1977 Peugeot 504 draws $1M bid originally appeared on Autoblog on Sat, 08 Jan 2011 12:09:00 EST. Please see our terms for use of feeds.

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