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Ferrari stock sale pegged for October, or later

The 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

Marchionne could become Ferrari CEO

Don't think that just because FCA is spinning off Ferrari into a separate company that Sergio Marchionne is giving up any control. Not only is he already chairman of the Prancing Horse, but he might also become its next CEO after Amedeo Felisa steps down, anonymous insiders claim according to Automotive News Europe. The dual roles would put the sportscar brand's future in Marchionne's hands, while he continues to run FCA. Rumors of Felisa stepping down emerged in July, but Ferrari never made an official announcement. The reports suggested that he could leave in September. Execs at the Prancing Horse are now working to decide on a replacement, but there's nothing official in place yet, according to Automotive News Europe. Felisa might maintain an advisory role after retiring, as well. If Marchionne takes charge, the move would come just as Ferrari becomes a newly independent entity. The Prancing Horse's necessary paperwork is already filed with the US Securities and Exchange Commission, and the IPO is expected in October. Marchionne took over as Ferrari's chairman last year after Luca di Montezemolo's resignation. As boss, he intends to increase production to 10,000 units a year from 7,000 annually under Montezemolo. Among the projects in development is a revived Dino. Related Video:

Ferrari F12 TdF debuts at Finali Mondiali event at Mugello

It's been almost a month since Ferrari revealed the new F12 TdF. But outside of a select cadre of customers, nobody has gotten to see it until this weekend at the Mugello circuit in Italy. The TdF is the more extreme version of the F12 Berlinetta – similar to how the 599 GTO was an upgraded 599 GTB Fiorano, or the 458 Speciale an upgraded 458 Italia. It benefits from a more potent version of the Berlinetta's 6.3-liter V12 producing 769 horsepower and 520 pound-feet of torque. It also features a rear-wheel steering system, 87 percent more downforce, and 240 pounds less weight to motivate. The result is a 0-62 time of 2.9 seconds, a top speed of over 211 miles per hour, and a Fiorano lap time of 1:21. A trio of TdFs hit the track this weekend at Mugello – one of several circuits owned by Ferrari in Italy – located in the Tuscan countryside and frequent venue for motorcycle and DTM races. It also played host this weekend to the Finali Mondiali – the company's year-end racing spectacle where the winners of the various Ferrari Challenge series duke it out for top honors, where private owners (as part of the Corse Clienti program) are invited to drive their racing and XX track machinery, and where Ferrari often unveils something new. In addition to the F12 TdF's debut, this year saw the presentation of the 488 GTE and GT3 racers as well. Both Sebastian Vettel and Kimi Raikkonen were on hand to show off what the TdF could do in front of the cheering crowds. With only 799 examples to be built (and all of them rumored to have already been sold), this may present the closest opportunity you'll get to see the new F12 TdF up close.