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A take on perfection: Peter Giacobbi’s unbelievable home built Ferrari

21 July, 2015

As a child, Peter Giacobbi was an avid fan of motorsport who admired legendary drivers like Juan Manuel Fangio and Wolfgang von Trips. He also admired their weapons of choice, holding Ferrari’s beautiful 250 Testa Rossa above all others.

Image: Petrolicious

So when he found a handmade, all-aluminium Testa Rossa body in Italy, it didn’t take him long to arrive at an ultimate conclusion that would see him embark on one of the most memorable and emotional restorations we’ve ever seen.

“I looked at it, and I said ‘I have to do it,’” Peter says.

The team at Petrolicious met up with Peter and his car to produce this amazing video, titled Building a Dream.

Image: Petrolicious

Weighing in at 2300 pounds, or just over one tonne, Peter’s near-authentic creation makes use of a 4.4-litre engine from a Ferrari 365, capable of 400hp. While the engine may not be original, it has similar aesthetics to the original, and is faster.

Only when he was finally able to get behind the wheel of his own comparable beast was Peter able to fully comprehend the challenge his childhood heroes faced every time they got behind the wheel.

“I discovered it after driving it and racing it several times. They’re not only heroes — they’re supermen.”

“It’s the most fun and the most rewarding project that I’ve ever worked on. If somebody offered me a real one in exchange for it, I don’t think I would take it. Because this is what I want.”

Image: Petrolicious

This isn’t just a case of ‘built not bought’, this is a passion for cars and motoring at its most raw. Bravo, Peter.

Fraser Cars – low flying into the fourth decade

10 July, 2026

With almost three and a half decades under its belt, Fraser Cars is one of New Zealand’s longest-surviving car manufacturers. The company first opened its doors for business in 1988, during the boom time for kit manufacturers. During the ’80s, around 40 different companies were building kits and turnkey cars for this niche market. Of those, only Fraser and Almac Cars (established 1981) are still in business today.
Most of the new kit car companies were killed off in the cradle by the threat of new legislation that never eventuated and definitively by the sudden availability of high-performance Japanese cars when the floodgates to second-hand imports were opened. The now long-retired founder of the company, Neil Fraser, first came across Lotus Seven replicas while racing Lotus Cortinas in the early ’80s. He regularly found himself racing against a little Caterham, a Lotus Seven–styled car built in England. He was very impressed by its simplicity and handling. In 1986 Fraser built his own Lotus Seven–type car, using the knowledge he had gained from several close looks at the Caterham.

2027 Star Insure Calendar Competition Terms and Conditions

2 July, 2026

2027 Star Insure Calendar Competition
We’ve partnered up with Star Insure in search for 13 outstanding classic cars to feature across the 2027 Star Insure Calendar and the December issue of NZ Classic Car Magazine. One standout entry wins the ultimate honour: cover placement on both the calendar and the magazine, with the remaining 12 featured across the monthly pages.
Email your photo to [email protected] and include your full name, postal address, phone number and vehicle details (year, make and model). Entries close Friday, 31 July 2026. *T’s & C’s apply.
Read more to find out the full details >>