2008 Ferrari F430 Spider F1 on 2040-cars

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You can apply to attempt to break the world record for fastest blindfolded driver [w/video]

The Guinness-certified world record for "fastest speed for a car driven blindfolded" is 186.12 miles per hour, set by Mike Newman in a Porsche GT2 last year at Bruntingthorpe Proving Ground in England. Then earlier this year, Newman said he'd go for the 200 mph mark - something he might want to talk to fellow Bruntingthorpe speed demons Vmax200 about. UK firm Extreme Motorsport, which seems to have been set up solely to set blindfold driving and riding records, wants to wrest the record from Newman using a Ferrari 458 Challenge and the even longer runway at Elvington Airfield in York, England.
Strangely, it appears the terms "legally blind" and "blindfolded" equate to the same thing. The Guinness record and Extreme Sports say "blindfolded," but Newman and the man who held the record before him, Turkish pop singer Metin Sentürk, are legally blind and neither of them wore blindfolds during their record attempts.
No matter - the real point is that Extreme Motorsport is casting about for a driver to set a new record. The could-be-shady part is that Extreme is pretty vague about what's involved; they'll provide the car or the motorcycle, but you have to "choose a charity and pledge to give them all the funds you raise above the entrance fee and for any other personal expenses you may need to participate in the challenge." Extreme doesn't give any indication of how much that entrance fee might be.

Ferrari borrows $2.6 billion to finance FCA spinoff

Ferrari announced Monday that it is borrowing about $2.6 billion to finance its spinoff from Fiat Chrysler Automobiles. Here's how it breaks down: Ferrari NV, the automaker's parent company based in the Netherlands, is taking out loans totaling 2.5 billion euros. That's equivalent to $2.64 billion at current exchange rates, and is divided between a term loan of $2.12 billion and a revolving credit facility of $529 million. The larger term loan "will be used to refinance indebtedness owing to Fiat Chrysler Automobiles," among other purposes. That ought to constitute the lion's share of the $2.38 billion which the Prancing Horse marque was, according to reports last year, slated to pay its current parent company in order to help FCA fund its ambitious growth plans. The separate line of credit is earmarked "to be used from time to time for general corporate and working capital purposes of the Ferrari group." Though Ferrari is not expected to take any other Fiat Chrysler properties with it, the "group" in this case would include its various financial services and distribution arms around the world that may have been separately incorporated. As noted in the statement below, the financial arrangement "represents a further step towards the separation of Ferrari from the FCA Group," following the separate stock issues from both companies as independent from each other. FERRARI N.V. SIGNS ˆ2.5 BILLION SYNDICATED CREDIT FACILITY Ferrari N.V. (NYSE: RACE) ("Ferrari") announced today that it has entered into a ˆ2.5 billion syndicated loan facility with a group of ten bookrunner banks. The facility comprises a bridge loan (the "Bridge Loan") and a term loan (the "Term Loan") of ˆ2 billion in aggregate and a revolving credit facility of ˆ500 million (the "RCF"). Proceeds of the Bridge Loan and Term Loan will be used to refinance indebtedness owing to Fiat Chrysler AutomobilesN.V. (NYSE: FCAU) ("FCA") and other indebtedness and for other general corporate purposes. Proceeds of the RCF may be used from time to time for general corporate and working capital purposes of the Ferrari group. The Bridge Loan has a 12 month maturity with an option for Ferrari to extend once for a six-month period. Ferrari intends to refinance the Bridge Loan prior to its maturity with longer term debt, including through capital markets or other financing transactions. The Term Loan, which comprises a majority of the total facility, and the RCF each have a maturity of five years.

Chris Harris wrings out Ferrari F40 and F50 on track

Chris Harris one of the most beloved of British automotive journalists, and yet Ferrari doesn't seem inclined to take him off its black list. Something about having shined the light on the way Maranello sets up its cars for press evaluations, years ago... So the only time the auto scribe and video host we know as Monkey gets his hands on a Prancing Horse-emblazoned steering wheel is when a private owner offers Harris a drive. Fortunately, that seems to happen all the time, but rarely in such a fashion as it has for this latest video.
Here the owner of not only an F40 but also its successor the F50 has lent Harris both of his anniversary-edition Ferrari supercars and insisted that he drive them aggressively. So off they went to the Anglesey circuit in Wales to see how these precursors to the Enzo and LaFerrari fare alongside one another decades after they first hit the road.