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Manor GP exits bankruptcy, secures Ferrari engine deal

Those who considered Manor Grand Prix down for the count may be in for a surprise as the struggling Formula One team is clawing its way back onto the grid. According to the latest intel, the outfit has not only re-emerged from bankruptcy proceedings, but it's also secured an engine deal for this season. Now if the name Manor doesn't ring any bells for you, it's probably because it never raced under that name. At least not in F1. Manor Motorsport has been competing in lower-level formulae since 1990, and secured an expansion slot in the big leagues in 2009. By the time it actually reached the grid, it had secured title sponsorship from Virgin, and was subsequently taken over by Marussia, under whose banner it competed for several season until things started to unravel late last season. After Jules Bianchi crashed at the 2014 Japanese Grand Prix, it fielded only one car (that failed to finish) at the subsequent Russian Grand Prix and then dropped off the grid altogether. After failing to make it to the season closer in Abu Dhabi, the team was declared bankrupt. In an effort to regroup and make it back on the grid for the 2015 championship, it appealed to its rivals for special dispensation to run last year's car this season. Unfortunately, some of the other teams rejected the proposal, and it looked like it was all over for the struggling backmarker. But it retained its slot on the entry list and paid its fees, and has now emerged from bankruptcy proceedings, eager to get back into the action – even if it misses the season opener in a couple of weeks in Australia. The team is now focusing on completing its original design for the 2015 MR04 chassis. And it appears to have cleared a major hurdle as Ferrari has reportedly agreed to supply the team with last year's engine. We'll just have to wait and see whether that will prove enough to get the team back up and running – especially since it already sold off many of its assets. News Source: ESPN F1 (1), (2)Image Credit: Paul Gilham/Getty Earnings/Financials Motorsports Ferrari F1 manor

Ferrari stock demand exceeding supply

As with the Ferrari cars, so it is with shares in the company's initial public offering: When Ferrari has a limited quantity of something to sell, demand far outstrips supply. Investors told banks weeks ago that bids for the $1 billion in stock – up to 18.89 million shares – would exceed the number of shares available over the entire expected range of $48 to $52. Ten percent of the company is going on the block' Bloomberg reports that the books close on the IPO on Monday at 4:00 pm. The final price will be set on Tuesday, and trading will begin Wednesday under the ticker symbol RACE on the New York Stock Exchange. Piero Ferrari, the son of Enzo Ferrari, will hold onto the ten-percent stake he currently has in the company. Fiat Chrysler will disburse the final 80 percent to its investors sometime in 2016. In combination with spinning Ferrari off from its parent company next year, the share sale is expected to put $4 billion into Fiat Chrysler coffers, which will be used to help fuel the growth of Alfa Romeo, Jeep, and Maserati. Assuming all goes to plan, Bloomberg says Ferrari will be valued at roughly $12 billion, a number $1 billion greater than the valuation Fiat Chrysler CEO Sergio Marchionne put on Ferrari earlier this year and higher than the brand's own internal assessment. Related Video:

Ferrari steering wheel may hold key to rocket F1 starts

Ferrari's brilliant getaways at the Australian Grand Prix were key to its early victory challenge – and could well be the result of a unique approach to new start restrictions that Giorgio Piola has uncovered. Although Mercedes locked out the front row of the grid in Melbourne, it was a sensational getaway from Sebastian Vettel that helped the German swoop into the lead by the first corner. As team boss Maurizio Arrivabene said: "The start was super. I have to say both of the drivers, they start like two rockets. After that they were able to take an advantage, and that was good for us." Such great starts from Ferrari are nothing new – just look at Hungary last year – but as Piola's exclusive drawing reveals, the team may well have taken things to an all-new level in ensuring it does not miss any detail in this area. In-built advantage As early as pre-season testing, rivals had been alerted about what Ferrari was capable of by monitoring data from Barcelona. Red Bull boss Christian Horner said: "We saw that in pre-season testing their starts have been really strong." Even ahead of the race, there were rumours that Ferrari knew it would excel in this area. Its decision to not do a second run in Melbourne's Q3 was mainly fuelled by its desire to save a set of super soft tyres for the race. But another suggestion also emerged – that the team knew just how good its starts were so securing the second row of the grid was good enough for it to believe it had a shout of the lead on the first lap. A single paddle As Piola's comparison of Ferrari's 2015 and 2016 steering wheel arrangement shows, the team has been the most aggressive in changing its clutch configuration for this year. New rules mean that drivers can only use a single hand on a single clutch paddle for the race start – even if teams choose to keep a double-paddle arrangement for emergencies. Ferrari has opted for something totally different to its main rivals by abandoning a double paddle arrangement (see red arrows on above left image). Instead, it has a single 'rocker' paddle that stretches all the way across the back of the wheel. Investing in such a dramatic design change clearly points to it having unlocked a decent performance advantage. The exact reasons for this configuration are unclear, but it may be that it allows the driver a greater feel for the clutch bite point – and means he is better able to judge how to deliver the perfect getaway.