Advertising:
1990 Ferrari 348 Ts on 2040-cars
US $35,000.00
Year:1990
Mileage:50761
Location:
Dallas, Texas, United States
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Up for sale is this beautiful 1990 Ferrari 348 TS in Rosso Corsa (racing red) with tan leather interior. This Ferrari has 50761 miles and has been maintained and serviced by Norwood of Dallas since I have owned it. I have documents dating prior before I purchased indicating a well kept vehicle being serviced through its life by various Ferrari dealerships. This car comes with original tool kit wrapped it original leather tool pouch. The catalytic converters have been deleted for sound quality but do come with the car. The catalytic converters are a simple bolt in procedure. The Simpson 5 point race harnesses were installed in the car prior to my ownership but original OEM seatbelts and tracks and motors do come with the car. Aftermarket Sony cd player has been installed as well as 6 disk cd changer in the front baggage compartment prior to my ownership. I have owned this car since July, 2010, I purchased from a reputable dealer who had oversaw the timing belt change and valve timing job. I purchased this car with only 47130 miles and since 2010 I have only put 3631 miles on this car, mostly highway and back country driving. Interstate battery installed in 2014 and been maintained with a battery tender. NO 1-4, 5-8 lights on, NO SLOW DOWN light on. Only light that comes on is of coarse the seatbelt light. Front lights pop right up and operate. Air conditioning blows cold for a car over 20 years old. These Ferraris do not have power steering! The power windows do function and do go up and down but not as fast as newer cars, this is to be expected with older Ferraris. Photos included show actual real time condition of car, notice that driver seat on bolster has started to fade from getting in and out of the vehicle. Overall this car is a top and defiantly turns heads and is a great enjoyment to own and drive. Serious buyers ONLY! Have any questions? Call Race 214-244-0998.
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Ferrari 348 for Sale
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Ferrari to pay Fiat Chrysler $2.8B prior to spinoff
Sat, 15 Nov 2014Fiat Chrysler Automobiles is trying to get capital together in a hurry to finance the automaker's growth plans. Among its strategies to raise money, Ferrari will be spun off from the FCA mothership next year with an initial public offering. However, the Italian supercar maker will be a couple billion dollars poorer at the start of its new life.
According to a filing with US regulators obtained by Automotive News, FCA intends to "enter into certain other transactions including distributions and transfers of cash from Ferrari currently estimated at 2.25 billion euros ($2.8 billion)" before it spins the supercar maker off. Those funds might include paying a dividend to investors, and FCA possibly transferring some of its debt to the Prancing Horse.
The Ferrari IPO will likely be in the second or third quarter of 2015, according to Automotive News. Ten percent of the automaker will go onto the public market in the US and possibly Europe too, and 80 percent will be distributed among current FCA shareholders. The other 10 percent is held by co-chairman Piero Ferrari, according to AN.
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