Ferrari 430 Spider F1, One Of A Kind, M16 Front Bumper, Total Alcantara Interior on 2040-cars

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Ferrari's stock price falls off a cliff

The stock price skidded. The stock price stalled. Use whatever automotive analogy you want. It was a bad day for Ferrari on the New York Stock Exchange. Warning that sales growth would slow because of the economic slump in China, Ferrari NV watched its stock price slump accordingly. Shares of the company were down more than 13 percent in afternoon trading, falling to $34.64. Sprung from the Fiat Chrysler Automobiles less than four months ago, Ferrari's stock has lost a third of its value since its October initial public offering and is nearly half the price of its $62 high set days after the IPO. In a conference call with investors, chairman Sergio Marchionne said the company expected to ship approximately 7,900 vehicles this year. Marchionne said the company would be "fine" over the long term as long as it maintains a decades-long philosophy of maintaining strong demand. That means Ferrari won't follow some of its sports-car competitors who have broadened their vehicle portfolio's with the addition of SUVs. Marchionne bristled at such a suggestion. "You have to shoot me first," he told Bloomberg. But never say never? Previously, Ferrari had restricted its output to 7,000 vehicles per year. The company is already past that number, and Marchionne foresees the possibility that it could rise to approximately 9,000 by 2019. In a regulatory filing, Ferrari said, "we believe we can grow in a controlled manner while preserving the exclusivity of our brand by continuing to explore controlled growth in emerging markets to capitalize on the substantial wealth creation and the growing affluent populations in those markets." For now, those markets won't include China. Shipments there decreased 22 percent in 2015, even as worldwide output increased. Related Video:

Ferrari teases more specs on its Enzo successor

On its web site, Ferrari has divulged a little more info about the supercar that will succeed the Ferrari Enzo. The Ferrari magazine reported that everything the Scuderia has learned in Formula One has gone into its soon-to-be-revealed animal, and this latest disclosure shows just how much that's true. We don't know its length or width, but Ferrari says one of the targets for the car was "a reduction in height and wheelbase to match that of the 458 Italia."
Rory Byrne, the Ferrari F1 designer that's been involved in 11 world championships for the team, has spent three years contributing to chassis development. That chassis will be laid up by hand in the company's F1 composites department, each chassis composed of different kinds of carbon fiber and cured in an autoclave, F1 monocoque-style. That's part of where the lighter weight and vastly heightened torsional and beam rigidity versus the Enzo comes from. Just behind the tub - and behind the driver's back - will be the batteries and fuel tank, again, just as on an F1 car.
The cockpit will be personalized to the driver in a way that is rare among road cars, with each seat made-to-measure for the driver and then set in a fixed position in the cabin. The steering wheel and pedal box will move to accommodate pilots. What's more, we're told that "the occupant's feet are at the same level as the driving position." That, and the angle of the seatback, will provide "an extraordinarily racy feeling."

Skip Barber's favorite car is a Ferrari 275 GTB

"My name is Skip Barber," says the voice at the end of this Petrolicious video, "and I'm fortunate to drive a variety of cars. My favorite car is a Ferrari 275 GTB." If you've ever heard that name before, you'll know it carries a lot of weight, and if you've ever seen a 275 GTB up close – or driven one – you know what he's talking about. Barber is a multiple Sports Car Club of America national champion and one of only a handful of American drivers to have competed in Formula One. But he's arguably better known as the founder of his namesake racing and driving schools, which operate at dozens of locations across the country. He's usually linked most prominently to the iconic Lime Rock race course. Barber rescued the Connecticut circuit when its previous owners pulled out, putting the investment together with some alumni from his school. These days Skip is the sole remaining proprietor, but as you can see from the way he talks about it, he's justifiably proud with what he's done with the place. It's one of the few automotive race tracks in the country recognized on the US National Register of Historic Places, and still hosts top-level racing – including the United SportsCar Championship that will return for the Northeast Grand Prix this summer. Between the racing career he's had, the schools he's started, and the track he's preserved, it's safe to say that Barber has left an indelible impact on the motor racing scene in America. And at 79 years old, he's showing no signs of slowing down. Related Video: