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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.

Ferrari names Edwin Fenech head of North American office

Ferrari North America has been sailing without a captain for the past several months since its previous chief executive, Marco Mattiacci, was called home to Italy to run the Scuderia. But now the Italian automaker has announced a new capo to run the office in New Jersey, and his name is Edwin Fenech.
Not to be confused with the French-Italian actress Edwige Fenech (who obviously showed up in our research before the Ferrari exec did), Edwin Fenech has a long history of running regional offices for the Prancing Horse marque. Prior to making the jump to the North American division, Fenech ran the company's operations in the Middle East, Africa, Asia Pacific and China, and previously served as sales and marketing director for France and sales manager for all of Europe.
Now in charge of Ferrari's largest market, Fenech will be responsible for expanding the company's presence not only in the United States - in which Ferrari has been present now for sixty years - but also in Canada as well as Central and South America.

Ferrari 458 Speciale speeds toward Frankfurt

When the doors open at the Frankfurt Motor Show in a few weeks, there'll be loads of new cars and new versions of existing ones. And as far as the latter category goes at least, this will undoubtedly be what show-goers will look forward to most.
What we have here is the Ferrari 458 Speciale - the successor to the 360 Challenge Stradale and 430 Scuderia, and the hard-core version of the 458 Italia. It was expected to carry the name Monte Carlo, but then Ferrari has never been fond of letting the press dictate what it would call its cars. But forget the nameplate: what really matters is what it's got to offer.
For starters, the award-winning, high-revving 4.5-liter V8 has been retuned to deliver 605 cv (596 hp by our standards), up from 562 hp in the standard 458, while torque remains the same at 398 lb-ft. But the other side of the power-to-weight ratio (quoted at 2.13 kg/cv) is the extra mass Ferrari has cut out of the equation: the 458 Speciale's dry weight is quoted at 1,290 kg (2,844 lbs), representing a significant drop from the 458 Italia's 1,485 kg (3,274 lb) curb weight.