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Ferrari Raises $1.5 Million for the American Red Cross Hurricane Relief Effort

Ferrari Raises $1.5 Million for the American Red Cross Hurricane Relief Effort

Nov 19 2012, 4:01pm CST | by

Car sells for about three times sticker price

Over the weekend during the inaugural running of the Grand Prix of America in Austin, Texas Ferrari auction off a vehicle with all proceeds going to the American Red Cross. The vehicle Ferrari...

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1 year ago

Ferrari Raises $1.5 Million for the American Red Cross Hurricane Relief Effort

Nov 19 2012, 4:01pm CST | by

Car sells for about three times sticker price

Over the weekend during the inaugural running of the Grand Prix of America in Austin, Texas Ferrari auction off a vehicle with all proceeds going to the American Red Cross. The vehicle Ferrari auctioned off was the first F12berlinetta in the United States. The vehicle will carry an MSRP of over $315,000 when it's officially available next year.

The car that Ferrari auctioned off for charity sold for $1,125,000, a significant premium over the sticker price. Ferrari raised additional funds during the weekend from donations bringing the total donated to the American Red Cross to $1.5 million.

A V12 engine that produces well over 700 hp powers The Ferrari auctioned off. The car sends that power to the road through a paddle-shifted dual clutch transmission. That massive 12-cylinder engine also produces a huge amount torque with 80% of that torque available at 2500 RPM.

 

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Shane is a self described car aficionado. He loves muscle cars, but also knows how green cars work. He has years of experience in testing cars and writes about cars with deeply felt emotions.

 

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