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Ferrari-Maserati dealer folds in Las Vegas casino

The ten-year-old Penske Ferrari Maserati dealership located inside the Wynn resort in Las Vegas, where non-Ferrari owners had to pay $10 to walk among the cars, is closed. Word is that the Ferrari franchise is moving to Towbin Motorcars, which you'll know for being the home of the former "King of Cars," and more recently where Floyd "Money" Mayweather has bought 100 cars, including three Bugatti Veyrons. According to Ferrari Chat almost the entire Penske-Wynn staff will make the move, including the highly regarded service department. This being Las Vegas there are, naturally, various theories about why the only Ferrari franchise in the state of Nevada is leaving one of the state's marquee locations. We got a tip a month ago from reader Johnny Autos that Ferrari pulled the franchise, and if there is any truth to that, rumors at Ferrari Chat suggest it part of the reason could have been Steve Wynn flipping his LaFerrari before the 18-month no-sale period had elapsed. Wynn supposedly sold his $1.5 million supercar to Naples Motorsports in Florida for $3.5 million, Naples is asking $5 million for it and using it for the elementary school run in the meantime. On the other hand, Vegas Tripping says Wynn is letting the dealership go in order to get ready for the Alon – another casino – to open across the street in three years. That story believes Wynn will build a pedestrian bridge and rearrange shops on the Wynn side so that customers enjoy the kind of grand entry he would want. And then there's the theory that Penske is getting out of the Ferrari dealership business to focus on commercial trucks. No matter where the truth is in all of this, what matters to you is that you won't be able to spend $10 to check out Ferraris on the strip anymore. Which means more money for the penny slots.

Ferrari to be spun off from Fiat Chrysler

The 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.

Colani's land speed record Ferrari for sale

Everyone knows that Ferraris are designed to go fast, but their performance is measured by a number of different metrics. This particular example, however, was designed with one goal in mind, and that was top speed. And now it's up for sale. The one-of-a-kind creation was the work of Professor Luigi Colani. The car started life as a Testarossa, but was extensively modified and entirely rebodied in order to pursue a high-speed run at the Bonneville Salt Flats. That meant an aerodynamically optimized body designed by Colani to dramatic and wind-cheating effect, and substantially reworked mechanicals as well. The flat-twelve engine was fitted by German firm Lotec with a pair of turbochargers to drive output beyond 750 horsepower. The 1989 Ferrari Testa D'Oro Colani - so named, we gather, for its gold cam cover - was clocked at 218 miles per hour back in 1991, winning its class at Bonneville and far outstripping the 201-mph top speed quoted by Ferrari for the F40 that was all the rage at the time. The vehicle has now been put up for sale by Purosangue Maranello, where (as you can see from the images in the gallery above) it sits alongside another one-off Ferrari: the four-door Pinin concept of 1980 (to say nothing of the Minardi F1 racer in the other corner). If it's a completely unique Prancing Horse you're after, Purosangue (Italian for "pure blood" or "thoroughbred") seems to be the place to look. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.