512 Tr Coupe Air Conditioning Alloy Wheels Anti-brake System:abs Leather Seat on 2040-cars
North Wales, Pennsylvania, United States
Body Type:Coupe
Vehicle Title:Clear
Fuel Type:Gasoline
For Sale By:Dealer
Make: Ferrari
Model: Testarossa
Warranty: Unspecified
Mileage: 21,000
Sub Model: Base
Power Options: Power Windows
Exterior Color: Red
Interior Color: Tan
Number of Cylinders: 12
Ferrari Testarossa for Sale
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- 1986 ferrari testarossa - only 19,345 miles - recent major service
- 36k miles!!! nice condition, great driver, classic red/tan color combo(US $54,900.00)
- 1986 testarossa only 27k miles impeccable condition all records free shipping!!(US $65,555.00)
Auto Services in Pennsylvania
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Auto blog
Ferrari borrows $2.6 billion to finance FCA spinoff
Tue, Dec 1 2015Ferrari announced Monday that it is borrowing about $2.6 billion to finance its spinoff from Fiat Chrysler Automobiles. Here's how it breaks down: Ferrari NV, the automaker's parent company based in the Netherlands, is taking out loans totaling 2.5 billion euros. That's equivalent to $2.64 billion at current exchange rates, and is divided between a term loan of $2.12 billion and a revolving credit facility of $529 million. The larger term loan "will be used to refinance indebtedness owing to Fiat Chrysler Automobiles," among other purposes. That ought to constitute the lion's share of the $2.38 billion which the Prancing Horse marque was, according to reports last year, slated to pay its current parent company in order to help FCA fund its ambitious growth plans. The separate line of credit is earmarked "to be used from time to time for general corporate and working capital purposes of the Ferrari group." Though Ferrari is not expected to take any other Fiat Chrysler properties with it, the "group" in this case would include its various financial services and distribution arms around the world that may have been separately incorporated. As noted in the statement below, the financial arrangement "represents a further step towards the separation of Ferrari from the FCA Group," following the separate stock issues from both companies as independent from each other. FERRARI N.V. SIGNS ˆ2.5 BILLION SYNDICATED CREDIT FACILITY Ferrari N.V. (NYSE: RACE) ("Ferrari") announced today that it has entered into a ˆ2.5 billion syndicated loan facility with a group of ten bookrunner banks. The facility comprises a bridge loan (the "Bridge Loan") and a term loan (the "Term Loan") of ˆ2 billion in aggregate and a revolving credit facility of ˆ500 million (the "RCF"). Proceeds of the Bridge Loan and Term Loan will be used to refinance indebtedness owing to Fiat Chrysler AutomobilesN.V. (NYSE: FCAU) ("FCA") and other indebtedness and for other general corporate purposes. Proceeds of the RCF may be used from time to time for general corporate and working capital purposes of the Ferrari group. The Bridge Loan has a 12 month maturity with an option for Ferrari to extend once for a six-month period. Ferrari intends to refinance the Bridge Loan prior to its maturity with longer term debt, including through capital markets or other financing transactions. The Term Loan, which comprises a majority of the total facility, and the RCF each have a maturity of five years.
Fast and Furious 7 has resumed filming, and here's proof
Sat, Feb 8 2014It seems that Fast and Furious 7 is finally back in production. The UAE-based Speeed spotted crews from the movie filming in Abu Dhabi with help from the local police. According to Speeed, the production worked with the constabulary to shut down several roads in the metropolis and simulate a police chase with a Ferrari 458. This is the first real evidence that Fast and Furious 7 is still being made. After production of the flick was suspended in the wake of Paul Walker's death, the future of the film was put in doubt. Then it was announced that the film was being rewritten, and Vin Diesel said that the release date had been pushed back to April 10, 2015. Walker is rumored to still appear in the movie because several of his scenes were completed prior to his passing. Scroll down to watch the scene being filmed, and, if you're a fan of the series, get excited for next year when we can actually see it on the big screen. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.
Hot Wheels loses Ferrari diecast contract to Chinese company
Thu, Dec 11 2014If you're anything like this writer, chances are you've got a diecast model or two kicking around the house. And if one of those models replicates a Ferrari, chances are it's made by Hot Wheels. The Mattel brand secured an exclusive contract from the Maranello automaker in the late 1990s, but the latest word from Hemmings has it that Ferrari has ended its partnership with Hot Wheels and awarded it instead to the May Cheong Group. Unless you're an avid diecast collector, you may not have heard of May Cheong, but you may have heard of its brands Maisto and Bburago. Both brands are longtime players in the model car market, but it's the Bburago part of the deal that's particularly interesting. Founded in Italy, Bburago made a name for itself largely due to the scale Ferrari models it made back in the day. But when the Prancing Horse marque awarded the exclusive contract to Mattel, and with increasing competition from the Far East, Bburago collapsed. May Cheong swept in and scooped it up, and now the Italian model brand, along with its onetime rival Maisto, will be producing diecast Ferraris once again. Whether Bburago will use any of its old tooling to resume production of Ferrari scale models or start from scratch with all-new equipment remains to be seen, as does the matter of whether either it or Maisto will be able to produce the same quality of models as Hot Wheels has with some of its higher-end offerings. Like most collectors, this writer's looking forward to finding out. Looks like it's time to buy another display case.