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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.

CA man accused of stealing same Ferrari twice

Cars get stolen all the time. It's an unfortunate reality, but a reality nonetheless. It's just unusual when the same guy steals the same car twice, but that's what apparently occurred recently in Fontana, CA.
That's where one Earnie Hooks was arrested late last month driving a black Ferrari 458 Spider. According to police, Hooks was intoxicated when he arrived at a roadside checkpoint, and when they ran the plates, they found the car was reported as stolen.
Hooks managed to evade police (not too hard to imagine given the car he was driving) and later abandoned the car, which was taken to the impound. Around 3 am the next morning, though, someone broke into the impound and stole the car... again. Hooks was found five days later in Studio City, still driving the stolen Ferrari. He was arrested and somehow still had the gall to plead not guilty to the charges of car theft and resisting arrest.

Ferrari officially teases successor to Enzo throne

You're looking at our best view yet of the upcoming successor to the Ferrari Enzo. Rumors kicking around the web insist the new reigning monarch of the Italian kingdom will carry the "F150" name when it bows, otherwise known as the Special Limited Series. Word has it Ferrari has focused all of its experience in Formula One to create the new model. According to the manufacturer's official online magazine, the new ultracar will boast a carbon fiber monocoque chassis built in "an almost handmade style" using four types of the composite. We aren't sure exactly what that means, but the design should keep weight to a minimum.
Power should come courtesy of an 800 horsepower V12 engine married to a HY-KERS system good for an additional 100 hp. Early estimates say the creation will tip the scales at under 3,000 pounds, which means the vehicle will be a performance marvel. Sounds like a party.