Ferrari has unveiled the fastest road-car it has ever produced, ahead of the vehicle’s debut at the Geneva Motor Show (March 8-18)

The F12 Berlinetta can streak from 0-100km/h in 3.1 seconds and continue up to 200km/h in just 8.5 seconds, thanks to a host of powertrain and design changes.

This impressive Ferrari Hydroplane set an unrivalled world record in 1953 and is now set to fetch around $1.5 million at RM Auctions’ Monaco Sale.

Developed in 1952 by wealthy Italian industrialist Achille Castoldi and Ferrari Grand Prix racers Alberto Ascari and Luigi Villoresi, the speedy craft, propelled by a 4500cc V12, handily won the world speed record the following year.

The boat piloted by Castoldi averaged speeds well over 150 mph in 1953. It broke the 24 nautical miles record in the 800 kg category as the Arno XI averaged 102 mph.

Ferrari has confirmed the revised 2012 California convertible will get more power, a lower body weight and a new optional handling package.

The model will be about 30kg lighter and will deliver an additional 30 HP. Both the exterior and interior will also be improved.

The changes in weight and power have cut the car’s zero-to-62 mph (0-100 kilometers per hour) acceleration time to 3.8 seconds.

An extremely rare Ferrari 250 GTO which had a £6,000 price tag when it was manufactured in 1963 has been sold for more than £20m ($31m).

This 1963 model – number 5095 – is believed to have been sold by British businessman Jon Hunt, who bought it in 2008 for a then world record £15.7million.

This makes the Ferrari classic sportscar, second most expensive car in the world today, and definitely the most expensive in Great Britain.

Vertu has unveiled the Constellation Quest Ferrari, a luxury smartphone inspired by the Ferrari 458 Italia sports car.

The most striking feature of the product is the iconic Cavallino Rampante, intrinsically crafted from polished stainless steel and embedded in the titanium battery cover. The Ferrari logo is embossed in the leather on the front of the handset.

The luxury handset is meticulously crafted from the most luxurious of materials such as polished sapphire crystal, Ferrari calf leather and polished black ceramic.

Tod’s has teamed up with Italian automaker Ferrari to create the Tod’s for Ferrari lineup which includes this red iPad 2 case.

The Ferrari iPad case is embellished with a discreet and iconic Prancing Horse stamped on the front cover.