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Neiman Marcus adds $65,000 Fiat 600 Jolly look-alike to Fantasy Gifts collection

Neiman Marcus recently released its Fantasy Gifts collection - a part of its Christmas catalog - that includes his and hers Island Cars featuring bespoke touches by Lilly Pulitzer. The vehicles are customized versions of the Island Car built by Island Car Limited in West Palm Beach, FL. The compact beach machines are manufactured to look like the Fiat 600 Jollys that were made in 1959 and from 1961 to 1964. The new ones cost $65,000 each. Neiman Marcus' Island Cars comes with signature Lilly Pulitzer prints, towels, tote bags, swim trucks for him, as well as a caftan (a long, loose dress) for her. Other than these extras, the beach-oriented cars share a lot of the same components as the ones built by Island Car Limited. The vehicles are built off a composite construction and compared to an original Jolly are lower, wider, and have more storage space. The Island Cars are powered by the company's own electric motors and lightweight batteries. Island Car Limited doesn't say what kind of range or batteries the compacts have, so we're assuming the vehicles are Neighborhood Electric Vehicles. While $65,000 is a lot of money for an electric vehicle that doesn't have doors, Hagerty values the average price of a 1964 600 Jolly at $44,400. Looking for something more powerful from the Neiman Marcus catalogue? There's always the Infiniti Q60 Red Sport. Related Video: News Source: Neiman MarcusImage Credit: Neiman Marcus Celebrities Design/Style Green Fiat Coupe Electric Special and Limited Editions neiman marcus neiman marcus christmas book

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.

2020 Fiat 500X Sport expands lineup and color palette

Fiat trotted out the new and improved 500X at the 2018 LA Auto Show. This year the Italian carmaker follows up at Automobility LA with the new 500X Sport trim intended to bestow a "youthful, sporty appearance" on the 500X lineup. That starts with the Rovente Red hue added to the color palette, "rovente" being Italian for "scorching." The Sport gets a new front fascia that omits the rugged-looking moldings on the Trekking trims, puts fog lights in discrete housings at the lower corners, and paints the lower lip in body color. Along the sides, the normally dark wheel arch liners and side moldings are swapped for body color as well, while the mirrors and door handles get dark-finish accents to go with a Sport badge on the front fender. In back, dark-finish trim across the tailgate and twin, chrome-finish tailpipes let the Fiat clan know this one is the feisty one. Standard fit is a set of 18-inch wheels in a new design. For the first time on the 500X model, 19-inch wheels are an option, wrapped here in Michelin CrossClimate all-season tires. Up top, buyers can take advantage of another new option, a black roof. The interior goes dark top and bottom. Instead of the light-colored upper space, the headliner and pillars have been finished in deep gray materials while the new Sport seats wear black fabric with vinyl inserts and a gray "500" logo. Bright flashes come in the aluminum pedal trim covers and instrument panel bezel finish. The steering wheel invites grip with "techno-leather" and Alcantara, plus proper paddle shifters. Alcantara also adorns the brow over the gauge cluster, the gauges themselves done up with tweaked graphics. Motivation comes from the same 1.3-liter turbocharged four-cylinder found in the rest of the 500X lineup in the U.S., putting out 177 horsepower and 210 pound-feet of torque through a nine-speed automatic to all four wheels with on-demand all-wheel drive.  When the 500X Sport goes on sale in early 2020, dealers will ask $26,895 plus a $1,495 destination charge, for a total of $29,390. Pricing puts the Sport above the $27,740 Trekking while the top trim remains the $30,990 Trekking Plus.