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FCA delays distribution of Ferrari shares

Even if you can't afford an actual Ferrari, soon you can own a part of the famous company thanks to its upcoming initial public offering. FCA will put 10 percent of the Prancing Horse on the market in the third quarter of this year. However to reap extra money for 2015's bottom line, the rest of the sports-car maker's stock will remain undistributed for a little longer. According to Automotive News, the strategy is quite simple to understand. FCA is holding off until the first quarter of 2016 to divvy up the remaining Ferrari stock to shareholders. By doing so, the automaker gets to claim 80 percent of the Prancing Horse's profits for its 2015 financial numbers. While FCA is already showing strong results through Q1 2015, being able to add extra cash on the balance sheet is always a plus. FCA hasn't set a specific date for the IPO, but Ferrari stock was announced to be traded in the US and possibly on a European exchange, as well. According to Automotive News, FCA currently owns 90 percent of the company, and Piero Ferrari has the remaining 10 percent, which he isn't selling. Related Video:

Vettel says halo would have saved Wilson, Surtees

Sebastian Vettel reckons the aesthetics of the new halo protection system do not matter as long as it helps save lives in Formula 1. The Ferrari driver ran with the device for the first time on Friday, after teammate Kimi Raikkonen tested it on Thursday. The halo, however, was subject to harsh criticism from some drivers like world champion Lewis Hamilton, who said it was the "worst-looking mod in F1 history". Force India Nico Hulkenberg was also against the device and labelled it as "horrible". Four-time champion Vettel, however, is convinced drivers like Justin Wilson and Henry Surtees - who died after being hit in the head by objects during races - would still be alive today had the halo system been used in their cars. "First of all, to go around is okay. You can see what you need to see," Vettel told reporters on Friday. "I think we can improve the system in terms of aesthetics and also in terms of how much it's in your way, but I tested it as well in the simulator and I think we will see evolutions of it very soon. "In principle I agree it doesn't look very nice but equally it helps increase the safety, it helps saving lives. "There would be at least two drivers in the last four years there I remember that would still be around – Henry Surtees and Justin Wilson – if we had this type of system. "I think it can be very ugly but nothing justifies not having these two guys around." Additional reporting by Roberto Chinchero This article by Pablo Elizalde originally appeared on Motorsport.com, the world's leader in auto racing news, photos and video.Related Video:

For his last act, Marchionne will outline an EV/hybrid roadmap this week

MILAN/LONDON — Fiat Chrysler (FCA) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world's seventh-largest carmaker remains in the race in the absence of a merger. The 65-year-old will present FCA's strategy to 2022, his final contribution to the company he turned around and multiplied in value through 14 years of canny dealmaking. After failing to secure a tie-up he said was necessary to manage the costs of producing cleaner vehicles, Marchionne needs to show the group can keep churning out profits on its own, even as emissions rules tighten, SUV competition intensifies and worries around his succession abound. Marchionne had long refused to jump on the electrification bandwagon, saying he would only do so if selling battery-powered cars could be done at a profit. He even urged customers not to buy FCA's Fiat 500e, its only battery-powered model, because he was losing money on each sold. But Tesla's success and the need to comply with tougher emissions rules have forced Marchionne to commit to what he calls "most painful" spending. "FCA is way behind rivals in terms of hybrid and electric vehicles and they need to hit the accelerator to convince investors they can close that gap," said Andrea Pastorelli, a fund manager at 8a+ Investimenti. Germany's Volkswagen, Daimler, BMW and U.S. rivals GM and Ford have committed to spending billions of euros each in coming years to try produce profitable cars powered by cleaner fuels. FCA needs to present a clear roadmap, just like Volvo Cars, which ditched diesel from its best-selling XC60 SUV, launched a new electric brand and pledged to shift all brands to hybrid by 2019, a banking source close to FCA said, noting: "The tech divide determines winners and losers in the industry." Marchionne has already said half of the wider FCA fleet will incorporate some elements of electrification by 2022, while luxury marque Maserati will spearhead FCA's electrification drive by making all new models due after 2019 electric. But its plans remain vaguer and less advanced than most big rivals and some investors wonder about the capital required to make vehicles compliant, and what share of spending can go to electrification given FCA's numerous demands.