The Ferrari F50 is a mid-engined range-topping sports car made by Ferrari. The F50 was introduced in 1995 to celebrate the company's 50th anniversary. The car is a two door, two seat convertible with a removable hardtop. It has a 4.7 L naturally-aspirated 60-valve V12 engine that was developed from the 3.5 L V12 used in the 1992 Ferrari F92A Formula One car.
Only 349 cars were made, one fewer than Ferrari estimated they could sell. This was, in the words of Ferrari spokesman Antonio Ghini, because "Ferraris are something cultural, a monument. They must be hard to find, so we will produce one less car than the market." The last F50 was produced in Maranello, Italy in July 1997.
The F50's engine predated the car; it was used in the Ferrari 333 SP for the American IMSA series in 1994, allowing it to become eligible for the stock engine WSC category.
A Michigan insurance company suing to force the federal government to pay $750,000 for wrecking a rare Ferrari in Kentucky has questioned whether it was simply an accident.
Motors Insurance said its investigation showed the high-performance car was being driven toward a dead-end in a Lexington, Ky., industrial park in 2009 “with no outlet to other roads.”
There is “good reason” to believe that an FBI agent and a federal prosecutor “were taking an extremely rare and exceedingly fast Ferrari out for a joyride,” the insurer’s attorney, Richard Kraus, said in a new court document filed last week.
The 1995 Ferrari F50, one of only 50 in the U.S., was stolen in Rosemont, Pa., in 2003 but recovered five years later in Kentucky. Motors Insurance, based in Southfield, says it gave authorities permission to keep it stored there during the criminal case.
The U.S. Justice Department has been tight-lipped about the crash and released just one document to the insurer, an email from Assistant U.S. Attorney J. Hamilton Thompson who was a passenger. He said he was invited for a “short ride” before the Ferrari was to be moved from an impound garage.
The driver, FBI agent Fred Kingston, 34, lost control and the car hit bushes and a small tree, Thompson said.
The government has asked U.S. District Judge Avern Cohn in Detroit to dismiss the lawsuit, saying it has civil immunity when controlling certain goods. Kraus said he’s been “stonewalled” in getting any information and asked the judge to allow him to interview people familiar with the crash.
Cohn met privately with both sides on June 13. Lawyers for the U.S. Justice Department declined to comment.
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Only 349 cars were made, one fewer than Ferrari estimated they could sell. This was, in the words of Ferrari spokesman Antonio Ghini, because "Ferraris are something cultural, a monument. They must be hard to find, so we will produce one less car than the market." The last F50 was produced in Maranello, Italy in July 1997.
The F50's engine predated the car; it was used in the Ferrari 333 SP for the American IMSA series in 1994, allowing it to become eligible for the stock engine WSC category.
A Michigan insurance company suing to force the federal government to pay $750,000 for wrecking a rare Ferrari in Kentucky has questioned whether it was simply an accident.
Motors Insurance said its investigation showed the high-performance car was being driven toward a dead-end in a Lexington, Ky., industrial park in 2009 “with no outlet to other roads.”
There is “good reason” to believe that an FBI agent and a federal prosecutor “were taking an extremely rare and exceedingly fast Ferrari out for a joyride,” the insurer’s attorney, Richard Kraus, said in a new court document filed last week.
The 1995 Ferrari F50, one of only 50 in the U.S., was stolen in Rosemont, Pa., in 2003 but recovered five years later in Kentucky. Motors Insurance, based in Southfield, says it gave authorities permission to keep it stored there during the criminal case.
The U.S. Justice Department has been tight-lipped about the crash and released just one document to the insurer, an email from Assistant U.S. Attorney J. Hamilton Thompson who was a passenger. He said he was invited for a “short ride” before the Ferrari was to be moved from an impound garage.
The driver, FBI agent Fred Kingston, 34, lost control and the car hit bushes and a small tree, Thompson said.
The government has asked U.S. District Judge Avern Cohn in Detroit to dismiss the lawsuit, saying it has civil immunity when controlling certain goods. Kraus said he’s been “stonewalled” in getting any information and asked the judge to allow him to interview people familiar with the crash.
Cohn met privately with both sides on June 13. Lawyers for the U.S. Justice Department declined to comment.
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