Ferrari Challenge Season Continues at Laguna Seca --- For 2008 Adds FXX Supercar and Formula One Demonstrations

August 8-10 Racing Weekend Provides Ferrari Owners and Fans With a Showcase of Rare Modern Ferrari Vehicles

ENGLEWOOD CLIFFS, N.J., Aug. 6 -- The North American Ferrari Challenge Series 2008 continues on with its sixth race of the season on August 8-10 at the Laguna Seca Raceway in Northern California.

This event will include demonstrations of the 860+ hp, limited edition, FXX supercars, which this season have been updated with an evolution package aimed to further improving the vehicle's handling and performance.

The weekend will also feature various formerly-raced Formula One vehicles. All events will be open to the public where they can enjoy the races or peruse the paddock areas.

Now in its 16th racing season in the U.S., the Ferrari Challenge Series (utilizing race-prepared F430 Challenge vehicles) offers Ferrari owners 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.

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 provides a unique atmosphere and incomparable experience.

The Ferrari Challenge Series is organized by Ferrari North America, Inc., and sanctioned by the Grand American Road Racing Association. 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 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, 430 Scuderia and 612 Scaglietti (luxury performance 2+2). For more information please visit www.ferrariusa.com .