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Ferrari to pay Fiat Chrysler $2.8B prior to spinoff

Fiat 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.

Sebastian Vettel says he's struggling with his Ferrari in Silverstone

SILVERSTONE, England — Sebastian Vettel said he had struggled to get the right feel for his Ferrari after qualifying a disappointing sixth at the British Grand Prix on Saturday. The four-times world champion, and last year's race winner at Silverstone, will line up a row behind Monegasque teammate Charles Leclerc, in third, and with both the Red Bulls also ahead of him. It was the third race in a row that Vettel had been out-qualified by the 21-year-old, in Leclerc's first full season with Ferrari. Leclerc was on pole in Austria, with Vettel 10th after being sidelined with a power unit problem, and third behind the Mercedes drivers in France while the German was seventh. "I think I just struggled to extract what was in the car," Vettel told reporters. "I just couldn't get the right feel. Not happy with how it went. "I should be more competitive in the race but lately (I've) been struggling a little bit to just extract that one lap, get a great feel for the car. It's been a bit up and down the whole weekend. "It didn't look great on my side," he added of the session on a cold and overcast afternoon. "I struggled to feel the car today and just couldn't get on top of it. It wasn't the best day," added Vettel. Valtteri Bottas starts on pole for Mercedes with five-times world champion teammate Lewis Hamilton, the overall leader, alongside on the front row. The champions have won eight of nine races so far, with Red Bull's Max Verstappen taking the other. "Mercedes should be the favorites but I think we have a fair battle with the Red Bulls and take it from there," commented Vettel, who has not won a race since Belgium last August. "For sure Mercedes is very strong so they will be difficult to beat." Motorsports Ferrari Mercedes-Benz Racing Vehicles Sebastian Vettel

Winningest Ferrari ever feted by Petrolicious

When Petrolicious showed its video starring the legendary Ferrari 250 GTO, we weren't sure it could be topped. Now, barely two weeks later, it has. Somehow, the video crew of one of our favorite YouTube series has gotten its mitts on one of the rarest, winningest, and most unique Ferraris to ever rove the planet.
This is a 1957 Ferrari 625/250 TRC, a customized stunner originally owned by Ferrari importer John Von Neumann that won a number of races across the country during its heyday. There's a lot more to this car than its wins at the Grand Prix of Mexico, Laguna Seca, Riverside and Pomona (and others), though.
See, this car was originally bought by Von Neumann alongside a second 625/250 TRC. Both cars were already rarities, sporting a 2.5-liter four-cylinder race engine sourced from Ferrari's Le Mans efforts. Von Neumann took things a step further, acquiring a 3.0-liter V12, which was then shoehorned into the sleek TRC's body. Yes, wee little Ferrari with a big ol' engine. It's a hot rod, and is one of the best looking, best sounding cars we've ever seen.