Credit crunched: The £100,000 Ferrari wrapped around a telegraph pole

It seems unbelievable, but the only thing seriously injured in this crash was the driver's ego.

The young man behind the wheel of this £100,000 Ferrari lost control as he sped through the streets of Adelaide, Australia, and smashed into an electricity pole.

The prang left the engine and bonnet wrapped around the structure.

Incredibly, the driver and his male passenger, who have not been named, received only minor injuries.

The five-year-old black Ferrari 360 Modena crashed a few minutes after residents saw it go past their houses at high speed.

One householder said: 'I was outside my house talking when we heard something fly up towards us and it was this black Ferrari.

'It sounded just like 'zing-zing' as it roared past. I have never seen anything travel as fast as that in my life.

'Those men were lucky to be alive because the pole split the car in two and it's ended up where the gearstick should be.'


The un-named driver and his passenger were taken to the Royal Adelaide Hospital for treatment, but their injuries were said to be not serious.

Pictures of the crashed vehicle resulted in one internet blogger commenting: 'I wonder what action the police will take with an idiot driving a Ferrari.'

Another commentator said: 'We're making a few assumptions here, but when a young guy is driving a Ferrari worth a quarter of a million bucks, and then splits it almost in two, someone's going to be grounded for life.'

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