1985 Ferrari 308 Gtsi Quattrovalve on 2040-cars

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NHTSA fines Ferrari $3.5 million for missing reports

Ferrari will pay a $3.5 million penalty for family to comply with oversight requirements set forth by the National Highway Traffic Safety Administration.
The federal agency that oversees road safety in the United States announced Friday morning that Ferrari had not submitted early warning reports for the past three years. These reports help the agency identify potential or existing safety threats.
In the wake of the rolling recalls for defective General Motors ignition switches, there has been considerable scrutiny of NHTSA's handling - or mishandling - of these early warning reports. Friday's fine is an indication the agency is taking its enforcement mandates more seriously, albeit against a manufacturer that has no large-scale presence on American roads.

What's the smarter investment, Ferrari stock or a Ferrari?

Fiat Chrysler Automobiles is gearing up to spin Ferrari off into its own company, and float some of its shares on the stock market. But buying and trading in Ferrari stock could face a rather unlikely competitor from within. As Bloomberg points out, the values held by classic Ferraris keeps going up, and by no small margin. Even something as relatively humble as the 80s-era Testarossa, for example, has nearly doubled in value over the past year alone. Meanwhile the value of some models – particularly those built in the 1950s, 60s, and 70s – have skyrocketed nearly seven-fold since 2006. Just look at the 250 GTO, one of the most coveted of classic Ferraris among collectors: not taking inflation into account, they were worth thousands in the late 60s, were already selling for hundreds of thousands in the 1980s, and by now are trading hands – on the rare occasion when they do trade hands – for tens of millions. One sold in 2004 for $10 million, and another in 2013 for over $50 million. Those kinds of increases can make a vintage Ferrari seem like a sound investment. That might make it difficult for Ferrari's stock to compete. The company hopes investors will view it as a luxury goods manufacturer along the likes of Prada, Hermes, or Louis Vuitton Moet Hennessy, the stocks of which tend to increase in value at a greater rate than those of most automakers. But even the best of those luxury stocks have merely doubled in value since 2006, compared to the aforementioned seven-fold increase enjoyed by some classic Ferraris over the same period. Add to that the prospect of actually getting to enjoy owning a classic Ferrari – albeit at the risk of damaging it and hindering its value – and the idea of investing in Maranello's products instead of its stock can seem like a much more enticing prospect. Related Video:

Ferrari is debuting a new car Thursday

In a social media blast across its Twitter, Instagram and Facebook accounts, Ferrari released a seven-second teaser for a new car that is set to debut Feb. 28. A few subtle details hint at what it might be. Accompanying the short teaser clip were two short sentences: "Tomorrow, the Prancing Horse family welcomes a new member," it says. "Make room for new thrills." The clip flashes several up-close parts of the car including a grille, an air intake, a steering wheel with paddle shifters, a drive mode selector, a tachometer, and the top of an engine. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The engine is the most revealing part of the clip. It appears to be the V8 from the 488 Pista, which separates itself visually with carbon fiber covers, rather than the red covers seen in other Ferraris. If it is indeed that V8, it could potentially align with the report that Ferrari would be debuting a hybrid V8 supercar this year. This would just be sooner than we were expecting it. A secondary intriguing part of the video is the gear selector. The clips shows the normal modes seen on other Ferraris, including Wet, Sport, Race, CT off, and Esc off. But there's a sixth blurry white spot, which could be absolutely nothing, or it could indicate another type of driving mode. What would be important enough to add a driving mode? Maybe a hybrid? All we can do is speculate, but thankfully, only for a day more. Check back for the full reveal and full information on Feb. 28. Related Video: News Source: Ferrari Auto News Ferrari Coupe Performance Supercars supercar ferrari 488 pista