People
Mon Nov 04 2013 16:04:35 GMT+0000 (Coordinated Universal Time)
Police To Auction $1.6 Million Ferrari Enzo Abandoned In Dubai.
A British expat fled Dubai last year, leaving his $1.6 million Ferrari Enzo behind to gather dust. On Wednesday, it will go up for auction in what might be the most expensive police sale in history. Why did he abandon the car in the first place?
In Dubai, debt is a crime. Many debtors flee the country to avoid jail time, leaving behind cars and other property to bake in the hot sun. Dubai's traffic department director, Major General Mohammed Saif Al Zaffin, reports that this particular Enzo was wanted by Interpol and was left in a parking space twenty months ago after accruing too many parking tickets.
The Dubai government has the right to auction off any vehicle abandoned for over six months. The auction itself will host a total of 129 seized vehicles, 23 of which are luxury cars. They carry fines of around $27,000 (DH99,000). Some were abandoned due to these fines, others due to the debts of their owners, and others were abandoned when their owners fled after an accident.
A red Enzo in good condition can fetch between $1.4M to $1.85M, but there's no telling how much this deserted example has depreciated in the Dubai sun and sand.
Tue Mar 05 2013 19:21:53 GMT+0000 (Coordinated Universal Time)
Ford Pinto – The mother of all bad cars. This car is an abomination, with an exploding gas tank that killed thousands of people, and maimed even more. Ford actually had a radio spot that claimed, “Pinto leaves you with that warm feeling,” can you believe it? A better “saddle” tank was used in the Capri, but the bean counters decided a human life (worth $200,725 dollars) and the lawsuits were cheaper than spending $5.08 per car to fix the problem. When the Pinto was hit, the doors would crumble, trapping owners inside the burning car. Even though Ford tested the Pinto 40 times in secret, with it exploding every time, they still refused to fix it. The Ford Pinto is the most reprehensible decision in the history of American engineering.