Ferrari’s first fully electric car, the Luce, has made automotive history after a bespoke version of the vehicle sold for a record $40 million at a charity auction in California.

The tailor-made Ferrari Luce “Chassis 0” was sold during Monterey Car Week on Saturday, becoming the most expensive new car ever sold at auction, according to collector car auction company RM Sotheby’s.

The winning bid was 36 times the car’s original estimate of $1.1 million.

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Ferrari USA celebrated the landmark sale in an Instagram post, saying, “The bids kept climbing. Then, history was made,” while describing the transaction as a new record for the highest-priced new car ever sold at auction.

The sale comes months after Ferrari unveiled the Luce in May. The electric model features a distinctive bubble-like design that differs significantly from the Italian automaker’s traditional angular styling and has received mixed reactions from some Ferrari enthusiasts.

Ferrari previously described the Luce as “a different sort of Ferrari for a different sort of Ferrari client.”
The Luce is powered by four electric motors, with one motor driving each of its four wheels.

The exclusive “Chassis 0” features a pearl-like semi-gloss finish with a personalised pigment that produces changing reflections ranging from green to violet when struck by light.

Its interior is equally distinctive, featuring Perla Le Mans metallic leather and black design elements against a predominantly white background.

Ferrari said proceeds from the record-breaking auction will go to The Ferrari Foundation to support educational initiatives.

Following the auction, the vehicle will return to Maranello, northern Italy, where it was built, before being delivered to the unnamed winning bidder in the first quarter of 2027.

Meanwhile, deliveries of the regular Ferrari Luce, priced at about €550,000 ($640,000), are expected to begin in the fourth quarter of 2026.

The Kano State Government has announced the completion of 867 projects across the state under the administration of Governor Abba Yusuf.

The Commissioner for Public Procurement, Projects Monitoring and Evaluation, Nura Maaji, disclosed this during a media briefing in Kano on Sunday.

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Maaji said the completed projects represent 55.68 per cent of the 1,557 projects undertaken by the administration since its inception, while about 42 per cent of the projects are still ongoing.

According to him, the projects have a cumulative contract value of N996.29 billion, with N695.20 billion approved through Notices of No Objection and N444.75 billion in payment certificates vetted by the ministry.

He said the projects cut across several sectors, including urban infrastructure, rural development, mass housing, roads, bridges, healthcare, education, traffic management and other public infrastructure.

The commissioner disclosed that the eight metropolitan Local Government Areas accounted for 598 projects valued at N299.36 billion, while the 36 rural LGAs accounted for 653 projects valued at N287.90 billion.

He added that cross-cutting projects covering more than one LGA were valued at N159.50 billion, while statewide and other interventions amounted to N249.54 billion.

Maaji listed some of the major projects as the approximately N113.19 billion mass housing scheme at Rijiyar Gwangwan in Dawakin Kudu, N24.77 billion Katsina Road expansion in Fagge and Dala LGAs, and the N21.90 billion Modern Cities infrastructure programme.

Others include the N27.74 billion Madobi-Yako-Kafin Maiyaki-Kiru Road intervention and the N22 billion Rural Model City Project covering the 36 rural LGAs.

However, Maaji said the Dawakin Kudu Mass Housing Project and the Rural Model City Housing Project were among high-value projects still awaiting relevant due process procedures.

On financial oversight, he said N444.75 billion in payment certificates had been vetted, representing 44.64 per cent of the cumulative contract value and about 63.97 per cent of the N695.20 billion approved through Notices of No Objection.

The commissioner said the ministry would continue to monitor project implementation, address bottlenecks and strengthen certification processes to ensure value for money.

US President Donald Trump has threatened to bomb Oman if the country obstructs efforts to reach a deal with Iran over the Strait of Hormuz.

Trump made the threat on Monday during an interview with Fox News journalist Trey Yingst, amid ongoing discussions between Oman and Iran concerning control and navigation through the strategic waterway.

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“If Oman gets in the way, we’ll bomb the shit out of them,” Trump told Yingst, referring to the talks between Oman and Iran while the United States pursues its own discussions with Tehran.

Iranian and Omani officials have been negotiating for weeks over future maritime navigation arrangements through the Strait of Hormuz. Iran’s foreign ministry said on Monday that both sides were working towards a joint declaration.

The Strait of Hormuz has become a major flashpoint amid the ongoing Middle East conflict. Iran effectively restricted traffic through the waterway at the beginning of the war on February 28, while Trump has repeatedly insisted that the strategic route should be under US control.

On Friday, Trump said he could even declare the Strait of Hormuz part of US territory. Iran rejected the position, insisting that the crucial waterway would “remain Iranian.”

Before the outbreak of the US-Israeli war against Iran, the Strait of Hormuz was regarded as an open international waterway. The route is critical to global energy supplies and carries significant volumes of oil and other commodities.

Iran has used its control over the strait as leverage against US-led efforts to weaken its military capabilities and force Tehran to abandon its controversial nuclear programme.

Trump also called on Iran to surrender, saying Tehran should “put up the white flag of surrender.”

Despite the growing tensions and the political pressure surrounding the conflict ahead of the November midterm elections in the United States, Trump said he was not in a hurry to reach a deal.

He further disclosed that his administration maintains a direct back-channel with officials of Iran’s Revolutionary Guard.

“They’re good poker players, but they’re dying,” Trump was quoted as saying.