Streaking along the ocean shore at 190 m.p.h., the Ferrari is a red blur against the blue, a waft of 500-h.p. combustion that arrives on the ebb of a parabolic whine. Screeching through a U-turn, the car speeds toward Ocean Boulevard. Seconds ahead of a pack that includes the cars of Mario Andretti and Austria's Niki Lauda, the Ferrari roars down the main thoroughfare past three porno theaters, two derelict hotels and assorted pawnshops. It will be a long afternoon for 36-year-old Swiss Racer Clay Regazzoni. Another hairpin right will bring him back to the sea, and the hulking stern of...
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