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Petrolicious highlights Andy Greene's love of Ferrari in "The Caretaker"

The next stop on the Petrolicious tour of the nation's car stories is Savannah, Georgia. The crew sat down with restorer Andy Greene of Andy Greene's Sports and Vintage Race Cars, and he waxed poetic about his love of Ferraris. See, the shop will work on vintage models and classic road racing cars from other brands, but when it comes to Ferrari, any model from any year can find a place in Greene's garage.
And we'll admit that the yellow Ferrari 250 SWB helps make Greene's case. You can see for yourself what he's talking about in the video below.

Ferrari to pay Fiat Chrysler $2.8B prior to spinoff

Fiat Chrysler Automobiles is trying to get capital together in a hurry to finance the automaker's growth plans. Among its strategies to raise money, Ferrari will be spun off from the FCA mothership next year with an initial public offering. However, the Italian supercar maker will be a couple billion dollars poorer at the start of its new life.
According to a filing with US regulators obtained by Automotive News, FCA intends to "enter into certain other transactions including distributions and transfers of cash from Ferrari currently estimated at 2.25 billion euros ($2.8 billion)" before it spins the supercar maker off. Those funds might include paying a dividend to investors, and FCA possibly transferring some of its debt to the Prancing Horse.
The Ferrari IPO will likely be in the second or third quarter of 2015, according to Automotive News. Ten percent of the automaker will go onto the public market in the US and possibly Europe too, and 80 percent will be distributed among current FCA shareholders. The other 10 percent is held by co-chairman Piero Ferrari, according to AN.

Mick Schumacher in F1 Ferrari test scores second-fastest lap at Bahrain

MANAMA, Bahrain — Mick Schumacher, son of seven-times world champion Michael, made his Formula One test debut for Ferrari in Bahrain on Tuesday and lapped second fastest behind Red Bull's Max Verstappen. On a surprisingly wet day at the same track where his father won the first grand prix in the Middle East with Ferrari 15 years ago, Schumacher was 0.597 seconds slower than the 21-year-old Dutchman. His time of 1 minute 29.976 seconds was set on the softest, and fastest, C5 tires — softer than anyone else's — and he completed 56 laps on a day where track time was limited by bad weather washing out much of the middle of the day. "I really enjoyed today. It felt like home in the garage from the very first moment with a lot of people that know me since I was very young," he said. The 20-year-old German, who made his Formula Two debut at the Sakhir circuit over the weekend and finished eighth and sixth in the two races, had been top with five minutes remaining before Verstappen went faster. It was still the first time since 2012 that a Schumacher had led an official Formula One time chart. "The SF90 is incredible because of the power it has, but it is also smooth to drive, and that's why I enjoyed myself so much," said Schumacher. "I was impressed by the braking power an F1 car has. It seemed to me you could brake later and later and the car would have made the turn anyway." The reigning European F3 champion will also test with the Ferrari-powered Alfa Romeo team (formerly Sauber) on Wednesday. Tuesday's test was Mick's first experience of a modern F1 car, although he did drive his father's 1994 title-winning Benetton at the Spa-Francorchamps circuit before the 2017 Belgian Grand Prix. Michael Schumacher, who still holds the record of 91 grand prix wins, won five of his titles with Ferrari in a golden period from 2000 to 2004. He last raced for the team in 2006 before a comeback with Mercedes from 2010-12 and has not been seen in public since he suffered severe head injuries in a skiing accident in the French Alps in December 2013. Mick, who joined the Ferrari academy in January, was the only debutant on track in a rain-hit session that followed Sunday's second grand prix of the season. Lewis Hamilton, Sunday's race winner for Mercedes after Ferrari's Charles Leclerc suffered a late engine problem, was sixth fastest.