Ford CEO's bid fails

Jim Farley, head of Ford, tried to buy a 1972 Ferrari Dino 246 GT at an online auction but lost out in a close bid. He pushed his maximum offer to 336,000 euros, but another bidder outbid him by 892 euros, reaching 337,000 euros. However, the auction ended without a sale because the reserve price was not met.

Car's history and condition

The 1972 Ferrari Dino 246 GT was built in Maranello, Italy, and originally delivered to a car dealership in Reno, Nevada. It spent most of its life in California from 1975 until 2023, which helped maintain its condition. The car's design was influenced by Italian designers at Pininfarina, and its body was crafted by Scaglietti, a renowned coachbuilder.

Restoration and upgrades

The Dino underwent significant restoration, including a complete overhaul of the braking system in 2020 and a suspension redo in 2024. In 2025, an air conditioning system using R134a gas was added. The car's body was stripped and repainted in its original Rosso Chiaro color at a specialized restoration shop in New York.

Engine and performance

Under the hood, the car has a 2.4-liter V6 engine. In Europe, it produces 192 horsepower and can accelerate from 0 to 100 km/h in 6.5 seconds. In North America, due to emissions regulations, the power is slightly reduced to 175 horsepower, with a 0 to 100 km/h time of 7.1 seconds. Power is sent to the rear wheels via a 5-speed manual transmission.

Interior and rarity

Inside, the car features fixed bucket seats trimmed in Nero leather, a leather-wrapped steering wheel, and a complete Veglia Borletti instrumentation panel. It also has a Becker Europa II radio and 14-inch Cromodora alloy wheels. Ferrari produced only 2,487 Dino 246 GT coupes between 1969 and 1974. A car in this condition typically sells for between 323,000 to 416,000 euros, which explains Farley's interest in acquiring it.