Well I played around with the materials last night. I think I have something that is a little better. I am definately more into the geometry aspect of modeling.....not the aesthetic, but I will keep trying.
As far as the "Ferreri" logo is concerned....... this is just a personal decision made on my part. Believe me.... I am not trying to change anyone's mind here.
I just did not want anyone to think I did not know how to spell Ferrari.
The text "erreri" is modeled as extruded text and I have not colapsed the stack. Therefore anyone who should have the model can easily modify the text to say whatever they like.