Ferrari loses trademark to iconic 250 GTO

Ferrari has lost a complicated legal battle to preserve the trademark to one of its most iconic models of all time – and one of the most expensive cars in the world. The Ferrari 250 GTO is a V12-powered road-legal race car made from 1962 to 1964. Now a landmark ruling by the European Union Intellectual Property Office could pave the way for replicas and kit cars copying the classic design of one of the rarest and most collectible Ferraris ever made.