Ferrari

Italian officials arrested 15 people involved in selling imitation Ferraris online. Wannabes could buy the knock-offs for only $30,000, a fraction of what the real thing would cost. Predominately made with pieces from American Pontiacs, included only a few pieces from the real 328 GTB. 14 cars, along with altered authentication papers, have been sold.

This story makes me ponder why people buy luxury goods. Is it only important that everyone thinks you're driving a Ferrari? Or is the real thing worth the price tag?

Do you think you could spot a counterfeit sports car, as well as you could spot counterfeit Gucci sunglasses?

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Apparently, RAZRs aren't just for cute, preteen girls and Hollywood Hotties anymore. Motorola has announced a new MOTORAZRmaxx V6 Ferrari Mobile Challenge Phone that puts the vvvrooom back into cell phones and will certainly please the sports car aficionados out there.

According to an Italian news source, the MOTORAZRmaxx V6 Ferrari Mobile Challenge Phone Limited Edition is a cell and luxury item in one - the signature Ferrari badge decorates the external body of the phone, which comes loaded with Ferrari related digital material (think the tingling sounds of the Ferrari engine). Motorola said that this mobile phone RAZRmaxx V6 Ferrari Challenge is basically a 3G phone with HSDPA high-speed data download technology. For more about it, just read more