Scuderia Ferrari Formula One team principal Fred Vasseur has hit out at the media for allegedly spreading rumors that delayed his contract extension. Vasseur was also frustrated about the speculation surrounding his driver, Charles Leclerc, and the team's chassis technical director, Loïc Serra.

Tuesday’s fast-paced F1 news includes Christian Horner’s prediction over Red Bull’s F1 2026 prospects being dismissed as Ferrari confirm the worst-kept secret of F1 2025 after Lewis Hamilton’s disqualification in China. Let’s blast through the day’s main F1 headlines at breakneck speed…

A red 1993 Ferrari F40 LM by Michelotto fetched $11 million during the annual Monterey Car Week in California.

Monterey Car Week gave one lucky buyer outside the original 599 allocation the chance to purchase a one-off, two-tone Tailor Made version of the sought-after sports car; it ended up being auctioned off for more than ten times the original base price.

Ferrari was caught out by the problem at the following weekend in China, where Hamilton was disqualified for excessive plank wear 24 hours after winning the sprint race from pole position. Hamilton’s team-mate Charles Leclerc was also excluded in Shanghai after his car was found to be underweight.

The 2025 Ferrari Daytona SP3 Tailor Made known as “599+1” sold for $26 million at RM Sotheby’s Monterey auction, the highest sale price ever for a Ferrari at auction, according to the automaker. Proceeds from the sale will benefit the Ferrari Foundation, a charity that funds educational and community projects.

Ferrari sold the car that it wasn't even planning to build, the Daytona SP3 599+1 for an eye-watering $26 million at an auction organized by RM Sotheby's

The alleged theft took place in the Melbourne, Victoria, Australia suburb Balwyn North on August 15. According to police, at approximately 1:30 am that morning a thief broke into the home and stole four sets of car keys. He also swiped a wallet and a pair of air pods, but the car keys were the main prize.

Half of the body is painted yellow, while the other half is finished in exposed carbon.

Not only is the 296 GTB the current Ferrari entrant in the ubiquitous GT3 sports-car racing class, it also uses a V6 turbo-hybrid powertrain like current Formula One cars. If that sounds appealing, and you have $365,