A car crash shuts down the Pacific Coast Highway (PCH) in Malibu, California, as police struggle to find out what happened.

A fire-red Ferrari Enzo wrecked near Decker Road and police are still searching for the driver.

According to Sgt. Philip Brooks, Stefan Erikssen says he was the owner of the Ferrari Enzo, but was only the passenger when it crashed.

Erikssen says that the driver, named "Dietrich," ran off.

Police say that they suspect the Ferrari may have been involved in a race with a Mercedes-McLaren SLR.

Brooks says, "Whoever was in the Ferrari and a Mercedes came out to Malibu for a little race," adding that the Ferrari was likely going "in excess of 120 mph when the accident occurred. It skidded up the side of the hill and most likely went airborne."

"The fact [is] that the passenger is the registered owner of the vehicle, from the Beverly Hills/Bel Air area; the passenger had blood on his mouth; and both airbags on the car deployed, but only the driver's side airbag had blood on it, not the passenger side."

According to local NBC4 reports, the Ferrari Enzo, a limited-edition vehicle worth between $600,000 and $1 million with 650 horsepower, has a published top speed of 225 mph. The impact sheared the car in half, with the entire front section separated from the rest of the vehicle.

Brooks jokes, "For a million dollars, you get a very good passenger-safety system, and apparently in this case it did work."