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You select the area around the wheel a little bit, then scale it up. Then you do it to the back. That's really the easy answer. it just takes a bit of messing around to figure it out. My roommate did a TON of these, he got really advanced, I will have to snag and post some.
Shoot and I was going to post some totally random PS stuff. Not at all ferrari related but here's one I finished. The bunnies are a logo for a friends company, doing a little x-mas kick for him. Image Unavailable, Please Login