All Kind Automotive

Using Formula 1 expertise, Ferrari put almost all of the car's controls on the steering wheel, including the indicator switches, windshield wipers, long beam, horn, engine start button, Manettino switch, suspension de-coupling, gearshift paddles, audio volume and track selection system.

The story has it that Dan Bilzerian, owner of a ‘tricked-out’ 1965 427 Shelby Cobra, placed a bet that his American muscle car can beat his friend Tom Goldstein's 2011 Ferrari 458 Italia in a quarter mile race.

On March 9, 2011, the two men brought their cars down to the Las Vegas Motor Speedway racetrack and put their money where their mouth is. And no, we won’t spoil the surprise by telling you who won the bet. Video follows after the break.

Underneath all the new and revised carbon fiber body panels (now with more louvers!) is a Ferrari 458 Italia. Named after a Sicilian raceway, the Siracusa has received a respiratory performance boost to 590 horsepower / 434 kW and 560 Nm / 413 lb-ft representing gains of + 20 hp and + 20 Nm / 15 lb-ft over the standard model.

At this year’s Bologna Motor Show in Italy, Ferrari unveiled the fabulous 458 Challenge, a competition model boasting the standard model's 4.5-liter V8 capable of 570 hp. To promote the new racer, Ferrari also organized a series of tests at the Valencia circuit in Spain, inviting its own test drivers and Challenge Cup competitors to share their thoughts about the car. According to Raffaele De Simone, the 458 Challenge is faster than its predecessor, the F430 Challenge, but also easier to drive, while Maurizio Mediani was impressed with the double-clutch gearbox. Scroll down for the video.

While the Challenge keeps the 458 Italia's direct injection 4.5-liter V8 with an output of 570 hp at 9,000 rpm intact, Ferrari's engineers have made modifications to the gear ratios and calibration of its dual-clutch F1 gearbox to further improve torque at lower revs. The 458 Challenge is equipped with the E-Diff electronic differential already employed on the road-going version, a first for Ferrari's track-only cars. Another first for a Ferrari Challenge model is the adoption of the firm's F1-Trac traction control system.

Being that Ferrari considers itself as something out of this world that is not subject to the same unwritten rules as the rest of the automakers, the company did not publish a broadly available press release to inform the media, and consequently, the public, about a problematic product that puts at a fiery risk the lives of its clients. Instead, the Italian brand simply answered questions to individual media outlets such as CNN through its spokespersons.

We'll remind you that Ferrari has admitted through its UK spokesperson that it is currently investigating the 458 fires. According to media reports, in the past three months, a total of 11 Ferrari 458 Italia models (including this latest incident in China) have crashed with five of them being ruined by fire. Grab a bag of chips and enjoy the short film "A qualcuno piace caldo" right after the break.