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A violent accident between a Ferrari 456 and a Volkswagen Gol that took place in Martinez, an affluent city located near the Argentine capital of Buenos Aires was caught on tape by a nearby security camera.

The video shows the blue Ferrari 456 after the driver lost control of the car as it heads slideways towards an oncoming Volkswagen Gol hatchback. The impact, as you can see for yourself in the security footage, is severe. Both drivers were taken to the hospital with serious but non-life-threatening injuries.

Although we could not confirm this, media reports from the country citing police sources state that the driver was not the owner of the car but a dealer employee who was taking the Italian supercar for its technical inspection.

Ferrari has announced the seven design schools that have been selected among 50 contestants from all over the world, to participate in the second stage of its World Design Contest that is organized in collaboration with Autodesk.

The schools that made it to the second round are: IED and IAAD from Turin (Italy), the London Royal College of Arts (UK) the European Design Institute Barcelona (Spain), Seoul’s Hong-ik College (Korea), the DSK Supinfocom from Pune (India) and the College For Creative Studies in Detroit (USA).