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Apple announces CarPlay in-car iPhone interface

Apple, maker of tech items like the iPhone, iPad and Mac line of computers, is extending its reach into the automotive market, making a fairly big announcement ahead of the Geneva Motor Show. No, it hasn't bought Tesla (yet). Instead, Apple has announced CarPlay, an all-new means of controlling an iPhone through your car.
Now, this doesn't strike us as some gimmicky thing. It's become increasingly common for automakers to take advantage of the high-speed data streams its customers enjoy on their smartphones in order to integrate navigation, traffic, audio and other infotainment items into a car's touchscreen interface. The Chevrolet Spark and Sonic are two prime examples of this move, using an iPhone's data stream for Siri integration and data for a third-party navigation app.
Owners will be able to plug in their iPhones to their cars via the USB port and gain control of a number of the device's functions, all through a car's touchscreen.

Race Recap: 2013 Italian Grand Prix is mistakes, gremlins and metronomes [spoilers]

The low-downforce, 5.793-kilometer circuit in Monza, Italy is known as the Temple of Speed, but only a few of the qualifying performances would have clued you into it. Sebastian Vettel and Mark Webber in the Infiniti Red Bull Racing chassis' lined up first and second, and it didn't seem like Vettel had to work too hard to do so. Nico Hülkenberg truly lived up to his nickname, The Hulk, and put his Sauber third on the grid, a massive drive and turn-of-speed that even he didn't expect, especially with his teammate Esteban Gutiérrez down in 13th.
The rest of the top ten was what you might expect. Shenanigans at Ferrari ended up with Felipe Massa out-qualifying Fernando Alonso for fourth and fifth, a situation that led to Alonso calling his team either "stupid" or "genius," depending on how you translate his Italian, his sarcasm and his honesty. They were followed by Nico Rosberg in the Mercedes-AMG Petronas, the soon-to-be Infiniti Red Bull driver Daniel Ricciardo in the Toro Rosso, the McLaren duo of Sergio Perez and Jenson Button and the second Toro Rosso of Jean-Eric Vergne.
Why wasn't Kimi Räikkönen at Lotus in that group? Because his car only had the pace to make 11th on the grid, so he said. And behind him, Lewis Hamilton - who "drove like an idiot," in his words - in the second Mercedes.

Ferrari officially files SEC paperwork to register future IPO

Late last year FCA announced plans to spin off Ferrari into a separate company, and after a long wait that process has finally become official. The Prancing Horse has now filed the necessary prospectus and other documents with the Securities and Exchange Commission to hold an initial public offering on The New York Stock Exchange. The paperwork doesn't mention a specific date for the Italian sportscar maker's IPO, but it's expected sometime in October. At this point, the documents also don't include some other vital data about the IPO. Ferrari lists neither the number of shares being offered nor their price. The company also doesn't have a stock symbol yet. UBS, BofA Merrill Lynch and Santander are acting as joint book runners for the deal. As part of the IPO, FCA initially intends to sell 10 percent of Ferrari's shares on the stock market. Another 10 percent of the company still belongs to Piero Ferrari. FCA is holding onto the remaining 80 percent in the short term for financial reasons but intends to distribute them to shareholders in early 2016. After the spin-off, about 24 percent of Ferrari would be owned by Exor, 10 percent by Piero Ferrari, and 66 percent by public shareholders, according to the SEC documents. FCA boss Sergio Marchionne believes that Ferrari could be worth over $11 billion. Although, his estimate might be slightly high. According to Reuters, Wall Street is actually putting the value somewhere between $5.5 billion and $11 billion. If you're thinking about investing in the company or just want to read the nitty-gritty about the brand's financial health, the entire SEC filing can be read here. Ferrari Files for Initial Public Offering LONDON, July 23, 2015 /PRNewswire/ -- Fiat Chrysler Automobiles N.V. ("FCA") announced today that its subsidiary, New Business Netherlands N.V. (to be renamed Ferrari N.V.), has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission ("SEC") for a proposed initial public offering of common shares currently held by FCA. The number of common shares to be offered and the price range for the proposed offering have not yet been determined, although the proposed offering is not expected to exceed 10% of the outstanding common shares. In connection with the initial public offering, Ferrari intends to apply to list its common shares on the New York Stock Exchange.