Ferrari F430 Challenge Concludes its 2007 Season at the California Speedway

430 Challenge and Shell Historic Racing Entice Ferrari Enthusiasts

ENGLEWOOD CLIFFS, N.J., Aug. 8 /PRNewswire/ -- Ferrari North America, Inc., will be returning to Fontana's California Speedway after two years on the weekend of August 10-12. Open to the public, the race weekend will include Ferrari 430 Challenge and Shell Historic vintage racing events. Now in its 14th racing season in the North America, the Ferrari Challenge Series (utilizing race-prepared 430 Challenge vehicles) offers Ferrari owners who are not professional racers the opportunity to compete against other Ferrari owners in a highly competitive racing series at world-class venues throughout the U.S. and Canada, and is regarded as the longest-running series of its type in North America.

"For more than 60 years Ferrari has been synonymous with the very same passion that our owners, drivers and fans experience as they watch all levels of Ferrari competition worldwide. We are proud to continue showcasing this tradition," said Maurizio Parlato, president and CEO of Ferrari North America, Inc. The Ferrari Challenge 2007 season extends through a total of 7 races, including two within Canada (the Circuit Gilles Villeneuve, coinciding with Montreal's annual Formula One race, June 8-10th; and Mont Tremblant, Quebec, June 15-17, at the home track of Ferrari's North American driving school), as well as the season's World Finals, held October 25-28 in Italy.

The Ferrari Challenge is one of the numerous "exclusive" experiences that Ferrari offers its customers -- and whether owners are actually racing in the series, dining in the luxurious VIP hospitality tents, participating in weekend driving clinics or socializing with those that share their enthusiasm for Ferrari, the weekend festivals provide a unique atmosphere and incomparable experience. General public can enjoy the races, peruse the paddock areas, and enjoy the overall Ferrari-festival type of atmosphere.

The Challenge Series is one of the many assets Ferrari provides exclusively for its owners, and together with experiences such as the annual Ferrari Rally (www.ferrarirally.com), and Ferrari's North American Driving School in Mont Tremblant, Quebec (www.experienceferrari.com), the company continues to provide environments where owners can enjoy their cars in the manner for which they were intended - with top performance and through unique opportunities and venues.

Tickets for the Fontana Ferrari Challenge Race weekend are available online at http://www.californiaspeedway.com/buy_tickets/list_of_events/

The race will be broadcast on Speed TV on October 13th and 14th. The Ferrari Challenge Series is organized by Ferrari North America, Inc., and sanctioned by the Grand American Road Racing Association. Sponsors for 2007 include Motorola, Shell, Pirelli, Sabelt and Officine Panerai. Complete Challenge information can be found on www.ferrarichallenge.com. Ferrari North America, Inc. is headquartered in Englewood Cliffs, N.J., and is the exclusive authorized North, Central and South American importer of Ferrari vehicles including the 599 GTB Fiorano V-12 sports coupe, F430 Berlinetta, F430 Spider convertible sports car, and 612 Scaglietti (luxury performance 2+2). For more information please visit www.ferrariusa.com.

Source: Ferrari North America, Inc.