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This car is equipped with a 383 4 barrel, runs great, but will probably need a fuel pump in the near future. It has power brakes and power steering. The glass is all in great shape and the headliner is really nice. Door panels and dash pad are in excellent shape. The seats do have some rips and it will need new carpet. There is a rust hole on the passenger side floor board which I took a photo of, but that can be patched pretty easily. The rest of the undercarriage looks to be structurally sound. The body does have some rust, but is a good candidate for restoration and is pretty solid. The stainless is in beautiful condition. The bumpers are not show quality, but can be cleaned up and be presentable for a driver car. The grill is in nice shape, factory headlight covers are in great shape. When I got the car it actually did have a brake pedal and did work, but has a slow leak somewhere (upon purchase car would have to be trailered or towed due to lack of brakes). I purchased a brand new master cylinder, wheel cylinders for all 4 corners, and two rubber brake hoses (all pictured), so it just needs a little elbow grease to get the brakes up to par. The previous owner was driving this car over the summer. I purchased this car 3 weeks ago with plans of doing an on-frame restoration when a local car that I had been trying to purchase for some time now became available. I now don't have the room or time to put into this vehicle. I'm starting this auction at much less than I paid for the car, mostly due to the fact that the brakes were working when I purchased and now they're not. This is a 2-door hard top and is a fairly rare car. I'm selling this at a very fair price and will not take less than my starting bid. Please bid on this car if you want to purchase it. Feel free to contact me with any questions and I will answer as soon as possible with the best of my knowledge. The car will have to be picked up as soon as possible after purchase. It is also for sale locally and I reserve the right to take it off Ebay if it sells. I am not interested in any trades. This car has a lot of potential and with some work could be an absolutely beautiful car. |
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Ferrari borrows $2.6 billion to finance FCA spinoff
Tue, Dec 1 2015Ferrari announced Monday that it is borrowing about $2.6 billion to finance its spinoff from Fiat Chrysler Automobiles. Here's how it breaks down: Ferrari NV, the automaker's parent company based in the Netherlands, is taking out loans totaling 2.5 billion euros. That's equivalent to $2.64 billion at current exchange rates, and is divided between a term loan of $2.12 billion and a revolving credit facility of $529 million. The larger term loan "will be used to refinance indebtedness owing to Fiat Chrysler Automobiles," among other purposes. That ought to constitute the lion's share of the $2.38 billion which the Prancing Horse marque was, according to reports last year, slated to pay its current parent company in order to help FCA fund its ambitious growth plans. The separate line of credit is earmarked "to be used from time to time for general corporate and working capital purposes of the Ferrari group." Though Ferrari is not expected to take any other Fiat Chrysler properties with it, the "group" in this case would include its various financial services and distribution arms around the world that may have been separately incorporated. As noted in the statement below, the financial arrangement "represents a further step towards the separation of Ferrari from the FCA Group," following the separate stock issues from both companies as independent from each other. FERRARI N.V. SIGNS ˆ2.5 BILLION SYNDICATED CREDIT FACILITY Ferrari N.V. (NYSE: RACE) ("Ferrari") announced today that it has entered into a ˆ2.5 billion syndicated loan facility with a group of ten bookrunner banks. The facility comprises a bridge loan (the "Bridge Loan") and a term loan (the "Term Loan") of ˆ2 billion in aggregate and a revolving credit facility of ˆ500 million (the "RCF"). Proceeds of the Bridge Loan and Term Loan will be used to refinance indebtedness owing to Fiat Chrysler AutomobilesN.V. (NYSE: FCAU) ("FCA") and other indebtedness and for other general corporate purposes. Proceeds of the RCF may be used from time to time for general corporate and working capital purposes of the Ferrari group. The Bridge Loan has a 12 month maturity with an option for Ferrari to extend once for a six-month period. Ferrari intends to refinance the Bridge Loan prior to its maturity with longer term debt, including through capital markets or other financing transactions. The Term Loan, which comprises a majority of the total facility, and the RCF each have a maturity of five years.
Dodge to resurrect Scat Pack?
Fri, 27 Sep 2013Before social media ever existed, if automotive enthusiasts wanted to be noticed or recognize other fans, they joined a car club. For Dodge muscle car lovers from 1968 through 1971, that group was known as the Scat Pack. Just like the Charger, Challenger and Dart nameplates, it looks like the Scat Pack could be getting a resurrection by Chrysler.
Automotive News is reporting that Chrysler recently renewed its trademark on the Scat Pack name, and while this is in no way a guarantee that the name will return, AN talked to Tim Kuniskis, Dodge President and CEO, who stoked the fire a little more. In the article, Kuniskis said that the name is "a very important part of our history" and added that "we like the whole idea of having a Scat Pack of cars." Scat Pack models were identified by their bumblebee stripes and helmet-wearing bumblebee logo, and the idea of a modern Scat Pack doesn't seem all that outlandish in light of recent vehicles like the Charger SRT Super Bee and the Ram 1500 Rumble Bee Concept.
What do you think, is this a cool idea, or is it just an unwelcome bit of nostalgia? Have you say in Comments.
Ferrari stock sale pegged for October, or later
Sat, Jun 6 2015The Ferrari IPO is still coming, but it won't be before Columbus Day (Monday, October 12, that is), according to Fiat Chrysler Automobiles CEO Sergio Marchionne. The outspoken exec is blaming tax reasons for the fourth-quarter date, according to a report from Reuters. Marchionne said a full year needed to pass between FCA's October 13, 2014 Wall Street debut and any additional listing. This isn't the first delay in the Ferrari IPO. FCA was originally supposed to make a 10-percent offering of Ferrari during second or third quarter of 2015, before officially pushing things back to the third quarter of this year. Now, it's unclear if Ferrari will even go public before the dawn of 2016. Related Video: News Source: ReutersImage Credit: Marco Vasini / AP Earnings/Financials Government/Legal Chrysler Ferrari Fiat Sergio Marchionne FCA fiat chrysler automobiles










