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Ferrari stock sale pegged for October, or later

The Ferrari IPO is still coming, but it won't be before Columbus Day (Monday, October 12, that is), according to Fiat Chrysler Automobiles CEO Sergio Marchionne. The outspoken exec is blaming tax reasons for the fourth-quarter date, according to a report from Reuters. Marchionne said a full year needed to pass between FCA's October 13, 2014 Wall Street debut and any additional listing. This isn't the first delay in the Ferrari IPO. FCA was originally supposed to make a 10-percent offering of Ferrari during second or third quarter of 2015, before officially pushing things back to the third quarter of this year. Now, it's unclear if Ferrari will even go public before the dawn of 2016. Related Video: News Source: ReutersImage Credit: Marco Vasini / AP Earnings/Financials Government/Legal Chrysler Ferrari Fiat Sergio Marchionne FCA fiat chrysler automobiles

Ferrari LaFerrari is beautifully redundant

The successor the Ferrari Enzo has officially bowed. Ferrari pulled the sheets back on the oddly named LaFerrari at the 2013 Geneva Motor Show, calling the machine the "maximum expression" of what defines the automaker. In this case, that includes a 6.3-liter V12 engine with 789 horsepower married to a 160-hp electric motor. The combination is good for a full 949 hp and 663 pound-feet of torque, and Ferrari says the LaFerrari can punch to 62 miles per hour in under three seconds. Keep your foot planted and 124 mph will click by in a scant seven seconds, while top speed sits at a lofty 205 mph.
Engineers turned to a total of four different types of hand-laminatated carbon fiber to create a chassis that's both stiffer and lighter than would have otherwise been possible. With a 41/59 weight distribution, carbon-ceramic brakes and ultra-light calipers, the LaFerrari is unlike anything we've seen from the company to date. The automaker says its creation is the fastest in its long history. You can take a look at the in-depth press release below for more information, and be sure to check out the model's new site here.

Vettel wins in Hungary as Ferrari finishes first and second

Sebastian Vettel won a tense Hungarian Grand Prix on Sunday in a Ferrari one-two that stretched his championship lead to 14 points after Mercedes rival Lewis Hamilton sportingly surrendered third place to his team mate. The German, savoring his fourth win of the season and 46th of his Formula One career, took the chequered flag 0.9 seconds ahead of team mate Kimi Raikkonen. The Finn had looked faster than Vettel for most of the afternoon. "I'm over the moon, that was a really difficult race," said the winner, who had to wrestle with a skewed steering wheel on a sweltering afternoon at the Hungaroring and had no room for error. Hamilton finished fourth after slowing down on the last lap and allowing Finnish team mate Valtteri Bottas to go past, despite the loss of vital points to the Briton's championship challenge. Bottas had let Hamilton through on the 45th of the 70 laps, on the assurance that his team mate would hand back the place if he could not overtake the Ferraris, and the triple champion duly kept his word. "Really thanks to Lewis for keeping the promise in the end and letting me by," said Bottas. "I don't think every team mate would have swapped back." Hamilton, whose radio was malfunctioning for some of the race and would have had more of a chance had he got past Bottas earlier, said he had done what he had to do. "It's tough in the championship but I'm a man of my word," he said. "I did say that if I can't overtake them I would let him back through." On a circuit where overtaking is notoriously hard, the top five all finished in their starting order with Max Verstappen fifth for Red Bull. The Dutch teenager was handed a 10-second stop and go penalty for colliding with his Australian team mate Daniel Ricciardo on the opening lap. The impact ended Ricciardo's race, with the car stranded on the track and fluid leaking from the broken radiator, and brought out the safety car. "It's not on. It was amateur to say the least. It's not like he was trying to pass – there was no room to pass," said an angry Ricciardo. "I don't think he likes it when a team mate gets in front. You've got the whole race to try and repair the mistake but the pass was never on. It wasn't even a pass, it was a very poor mistake." Fernando Alonso, who celebrated his 36th birthday on Saturday, gave struggling McLaren their best finish of the season so far by taking sixth place and also setting the fastest lap of the race.