Two speed-loving Canadians have had the keys to their hoon machines taken away. A 2008 Ferrari 430 Scuderia and a 2008 BMW M6 were caught speeding up Mount Seymour in British Columbia, hitting speeds of up to 200 km/h (about 126 miles per hour) in a 60 km/h zone, as well as narrowly missing a mother who was walking with her two children. As you'd expect, the cars were impounded, but the provincial government is taking things a step further. Both vehicles are going to be sold. In fact, the Ferrari has already moved on to a new home and the M6 is set to hit the auction block in the very near future.

The Ferrari is owned in part by a relative of the person driving at the time. That relative will receive 50 percent of the proceeds from the sale, while the other owner receives 30 percent. The government is going to hold on to the rest. The owner of the M6 also receives 30 percent but the government keeps the other 70. The reason for the payouts? To clear notes on each car with the owners respective banks.

[Source: CNews]

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