1994 Ferrari 348 Spyder on 2040-cars
United States
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This particular example is a well-maintained and thoroughly documented example complete with service records back to 1995 and book set. Finished in a wonderfully elegant color combination of grey with dark blue interior, this car was sold new on 31 May 1995 in San Antonio, Texas. Its original window sticker price was $121,900. The car remained in Texas until 2004, at which point it was relocated to California, where it has remained since. It has been regularly serviced with the following work performed since 2011: new starter, new clutch, rebuilt climate control unit, timing belt replacement (May 2013), and routine servicing. The car is in very good largely original cosmetic condition. The paint is in very good condition, with excellent luster and few blemishes. A few small chips have been touched up, and the front bumper has light road rash and a small crack at the bottom of the valence. The front deck lid has almost no marks on it, and the lights are in excellent shape. The wheels and in very good shape, with no significant curb rash and just a few minor marks. The glass and lights are excellent as is the top, which looks virtually unused. The interior is in good condition. The leather is intact and nice overall, though there is some wear on the driver’s seat bolster and some creasing on the seats. The instruments are in very good condition and the dashboard is in good condition, although the leather on the instrument binnacle is shrinking slightly. The switches and controls are in very good to excellent shape, though some of the black interior components such as the ashtray lid have become tacky, a common issue with Ferraris of this period. The car was fitted with an expensive aftermarket stereo system as well. The engine compartment and front compartment are both in original and very clean condition, in keeping with a properly maintained, low-mileage car. The front compartment is surprisingly large and in essentially as new condition. |
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Le Mans-raced 1953 Ferrari 340/375 MM headed to auction
Sat, 09 Feb 2013Vintage Ferrari models show up on the auction circuit all the time, but few can match this particular '53 340/375 MM Berlinetta Competizione in terms of historical significance. Not only did the machine compete in the 1953 24 Hours of Le Mans, but this particular model managed to finish in second place before being disqualified for taking on extra brake fluid during a stop. More importantly, a total of three Formula One world champions have driven this car in competition at events like the Spa 24 Hours, Pescara 12 Hours and the Circuit of Guadeloupe.
The coolest part for us? Umberto Maglioli managed to set a public road stage record with this machine during the Carrera Panamericana by averaging 138 miles per hour over 223 miles. The effort was good enough to land the team a sixth place finish overall, and the record still stands to this day for any road stage anywhere. The 340/375 MM Berlinetta Competizione is up for auction in restored condition at the RM Auction event in Paris this week. Check out the full press release below for more information.
Ferrari chief staying on to launch new models in October
Tue, 09 Sep 2014Luca di Montezemolo has been running Ferrari since 1991. That's a whopping 23 years already, and having been born the same year that Ferrari was founded, Montezemolo is now 67 years old. But don't expect him to be stepping down any time soon.
Addressing the rampant rumors circulating the paddock at Monza this weekend, the hereditary Marquis of Montezemolo (pictured above at the unveiling of the 458 Speciale in Frankfurt last year) insisted that he is not about to leave Ferrari. Not before 2017, anyway, having signed as recently as this past March to stay on another three years. (After that, it's anyone's guess, with some suggesting that controversial Fiat scion Lapo Elkann could take his place.) But in dismissing the rumors, the affable and long-serving Ferrari chairman did reveal some new product plans.
First of all, according to racing site Autosport.com, Luca confirmed that the Prancing Horse marque "will present a fantastic new car" at the Paris Motor Show next month, widely expected to be a new variant of the 458: either the new Speciale Spider or the turbocharged 458 M. While he was at it, though, Montezemolo also revealed a new limited edition model to be presented in California.
Ferrari to be spun off from Fiat Chrysler
Wed, 29 Oct 2014The recently merged Fiat Chrysler Automobiles empire has ambitious plans for growth, and it's going to need some big bucks in its coffers in order to enact them. Part of that cash injection is coming from the floating of its IPO on the New York Stock Exchange, but now FCA has announced a further capital campaign to be based on the enormous asset that is Ferrari.
FCA's board of directors has just approved the separation of Ferrari from the rest of the group as a separate entity. Once that separation is complete, Ferrari will put 10 percent of its shares on the stock market "in the United States and possibly a European exchange" as well.
This isn't the first time that the idea of a Ferrari IPO has been raised. Sergio Marchionne, chief executive of Chrysler, Fiat and Ferrari (pictured above), first raised the idea four years ago. Former Ferrari chairman Luca di Montezemolo nixed the idea, but now that he's been discharged, it appears there's nothing to get in the way of Marchionne's desires.