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If Ford went and tested a NASCAR engine in a production Ford Fusion, it'd just be silly. Ferrari testing its new 1.6-liter, turbocharged V6 Formula One engine in a LaFerrari hypercar is not silly - it's excellent.

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Ferrari is quick to point out that while output across its lineup has jumped roughly 100 horsepower in the last four years, fuel consumption and emissions are down nearly 30 percent. Such gains in efficiency are made through a holistic approach, including engine tuning, aerodynamics, tires, and so on.

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Every year, each Formula One team on the grid designs a brand-new car and builds a handful of them for use at grands prix around the world. So what happens to the old ones? Well, the less important ones might get scrapped, unfortunately. The more important ones might find their way into museum collections. But then there's a whole class of collectors who buy them for use at historic racing events or private track days.

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If you just so happen to be ordering a new Ferrari, the craftsmen over at Schedoni will be glad to outfit you with a full set of fitted luggage for your new Italian Stallion. But if you want to go a slightly different route, Ralph Lauren is here to help you out. And why shouldn't he? Among his unparalleled car collection are a number of highly coveted Ferraris – including a 250 GTO, a 375 Plus and not one, but two Testa Rossas. (Remember, one TR recently set the world auction record at $12

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Valentino Rossi tests a Ferrari F1 car – Click above for high-res image gallery

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Click above to watch the video after the jump

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Click above for a high-res gallery of the Ferrari 16M Scuderia Spider

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Click above for a high-res gallry of last year's BMW Sauber F1.08 reveal

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We wish we could understand how Dietrich Mateschitz thinks, but we just can't. After years of sponsoring F1 teams, the Red Bull chief decides to buy one outright. That wasn't enough, so he buys a second one. Then he sells half of that team to former F1 driver (and fellow Austrian) Gerhard Berger. Then he says he wants to sell it off altogether, but instead he buys it back.

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Click the Scuderia Spider for a high res gallery

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Ferrari announced during the first practice day of this weekend's Monza GP that Kimi Raikkonen's contract has been extended by one year. This mean's he's locked into service with the scuderia until the end of 2010, which is the same time Felipe Massa's contract runs out. Terms of the extension weren't disclosed, but the fact that Ferrari re-signed the Iceman means they aren't nearly as worried about his recent form as the rest of the paddock appears to be. It also means that Fernando Alonso can

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Click on the image above to jump to our 52-image high-resolution gallery

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click above image for more high-res shots of the Ferrari F430 Scuderia

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