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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:

Scuderia Ferrari dreams up the F1 car of the future

Formula One is in for a big shakeup, at least if all the parties can agree on a way forward at a meeting of the F1 commission today in Geneva. And this is the way Ferrari apparently hopes things will go. Dreamt up by the design department in Maranello, this concept represents Ferrari's vision for the F1 car of the future. Its got far more streamlined aerodynamics, a two-tier front wing, a much larger rear wing, and wheels that are still "open" but far more enveloped than anything we've seen to date, wrapped in low-profile tires like those proposed by Pirelli. The cockpit is still open as well, contrary to proposals to enclose them, with a conceptual helmet design that seems to meld into the bodywork – though we're not quite sure how that would be implemented, practically speaking. It's a pretty striking design, especially compared to the oddball shapes to which modern grand prix racers have evolved over recent years, with all their fragile appendages. Actually putting this into practice, though, is another matter entirely. Both McLaren and Red Bull were said to have shown their own evolutionary designs to the F1 strategy group, though they didn't release theirs to the public. This pie-in-the-sky proposal from Ferrari looks a bit closer to some of the radical, futuristic designs penned by Red Bull for Gran Turismo. Featured Gallery Ferrari Design Formula 1 Concept News Source: Ferrari Motorsports Ferrari Concept Cars Racing Vehicles F1 scuderia ferrari

LaFerrari XX to pack 1,050 hp

With 949 horsepower on tap, it would be hard to imagine Ferrari getting much more juice out of the 6.3-liter V12 hybrid powering its LaFerrari. But apparently, it's possible, as reports suggest that the forthcoming LaFerrari XX will pack somewhere closer to 1,050 hp.
This according to Top Gear, which reports that the successor to the Enzo-based FXX and the subsequent 599XX will be revealed next month in Abu Dhabi at the company's year-end Finale Mondiali extravaganza - the same event where, in years past, Ferrari has presented such extreme machines as the 458 Challenge Evoluzione, the aforementioned 599XX and the FXX Evoluzione.
When the subject of a LaFerrari XX first came up several months ago, Antonello Coletta - head of the department responsible for the XX program - said he couldn't picture the track version of the company's flagship hybrid hypercar being much faster or more powerful than the existing version. But where there's a will, there's a way. TG reports that the extra hundred horses have been corralled in the V12 and not in the electric motor, which will reportedly carry over essentially unchanged from the road-going model.