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XM Pacts With Ferrari on Factory-Installed Satellite Radios

Authored by Mark Hefflinger on August 8, 2007 - 4:12pm.

Washington - XM Satellite Radio, a provider of satellite radio services attempting to merge with rival Sirius, said that for the first time, a new Ferrari model will come with factory-installed XM, as well as the company's NavTraffic traffic information service. Both will be standard features on the Ferrari 612 Scaglietti, with Ferrari including three years of service with each vehicle.

tags: Radio | Music | Ferrari | XM |

Former Gizmondo Exec Crashes Rare $1 Million Ferrari in Malibu

Authored by Mark Hefflinger on February 23, 2006 - 3:11am.
Malibu, Calif. - A former executive at Gizmondo, a maker of handheld video game devices whose European unit recently declared bankruptcy, crashed a $1 million Ferrari Enzo on Tuesday while drag racing at 120 mph on the Pacific Coast Highway in Malibu, Calif. Stefan Eriksson destroyed the classic car -- of which only 400 were made -- as it sheared in half after hitting a power pole, while Eriksson escaped with only a minor cut on his lip. Police said Eriksson, whose blood alcohol level measured .09, claimed that the car was actually being driven by a German man named Dietrich, who he said fled the scene on foot after the accident. Authorities were unable to locate this person after a local search. The Los Angeles Times reported that Eriksson had at one point received a $100,000 car allowance from Gizmondo, and once raced in France's Le Mans road race in a Ferrari with Gizmondo branding. Eriksson resigned from the company shortly before a Swedish newspaper published a story claiming that he had been convicted of counterfeiting in Sweden.
tags: Ferrari | Malibu | Gizmondo | Crashe | Rare |