1985 Ferrari 308 Gtsi Quattrovalve on 2040-cars

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Ferrari's modular next-gen platform is under construction

Ferrari and Altair ProductDesign are teaming up to create a next-generation platform for the automaker's future vehicles, reports Automotive News. The platform will provide Ferrari with a base for several new flagship models, claims Altair in a press release that is no longer available, noting that the engineering and design company has worked with Ferrari for more than 10 years. According to the report, vehicles on the next-gen platform are expected to be lighter and better performing, and the platform will reduce vibration, noise, and harshness. Altair's designers and engineers worked alongside the automaker's manufacturing, design, and engineering teams in Italy to create the platform. Altair currently works with an extensive list of automakers on various design and engineering aspects for vehicle chassis. We reached out to Ferrari to get a better idea of what Altair is bringing to the table, but the automaker declined to comment about its relationship with suppliers or on future products. As previously reported, a modular platform would help Ferrari cut development time and share more parts within its lineup. The next generation of the Ferrari California is the first model expected to utilize the new platform and is predicted to be unveiled sometime next year.Related Video: News Source: Automotive News-sub.req., Altair ProductDesignImage Credit: GIUSEPPE CACACE/AFP/Getty Plants/Manufacturing Ferrari Coupe Lightweight Vehicles Performance Supercars

1962 Ferrari 250 GTO Sells For $38 Million At Auction

A 1962 Ferrari 250 GTO became the most expensive car ever sold during an automotive auction Thursday night when a buyer paid $38 million for the vehicle at a Bonhams event. Only 39 of the racers were ever built, and it is a favorite among collectors. One reportedly sold for $52 million in a private sale. If true, it would be the most expensive car ever purchased. Another Ferrari GTO built for legendary racecar driver Stirling Moss sold for $35 million in 2012. Thursday's sale broke the auction record set at a Goodwood auction last year of a Mercedes W196R that was driven by Juan Manuel Fangio to wins in the 1954 German and Swiss Grand Prix races by $8 million. Pretty good for a car that went to the auction block with no reserve, meaning there was no minimum price set for the sale of the car, though bidding started at $11 million, according to the Los Angeles Times. The Ferrari 250 GTO was the star of the show, but it wasn't the only rare Ferrari on the auction block. Bonhams brought ten of the most collectable Ferraris in the world on stage, including a 1962 250 GT Short-Wheelbase Speciale Aerodinamica that went for $6.875 million, a 1953 250 Mille Miglia Berlinetta driven to racing victory by Phil Hill for $7.26 million and even a 1978 312 T3 Formula One car for $2.31 million. All told, the Ferraris sold for $65.945 million, according to Autoblog.

FCA likely won't sell more than 10% of Ferrari stake

The initial public offering of Ferrari on the stock market is likely coming in the second or third quarter of this year, but apparently the exact stake of the Prancing Horse set to hit the exchange isn't final. When FCA first announced the plan to spin off Ferrari, the idea was for 10 percent of the stock to go on the open market in the US and maybe also in Europe. Another 10 percent would go to company vice chairman and Enzo's son Piero Ferrari, and the remaining 80 percent would be divided among current shareholders, including a large portion for the Agnelli family. FCA CEO Sergio Marchionne hasn't finished tweaking those numbers, though. Last month, he indicated the automaker might put more than 10 percent of Ferrari on the market to boost liquidity. However, the original proposal has now returned to the table. "I don't believe we will go above 10 percent," Marchionne said, according to Automotive News, but also noted things weren't final. By increasing the Ferrari stock on the open market for the IPO, FCA decreases the amount going to current shareholders, according to Automotive News. With that being the case, don't expect too much of the Prancing Horse to be offered up to investors when the stock hits the market. Related Video: