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Ferrari to be spun off from Fiat Chrysler

The recently merged Fiat Chrysler Automobiles empire has ambitious plans for growth, and it's going to need some big bucks in its coffers in order to enact them. Part of that cash injection is coming from the floating of its IPO on the New York Stock Exchange, but now FCA has announced a further capital campaign to be based on the enormous asset that is Ferrari.
FCA's board of directors has just approved the separation of Ferrari from the rest of the group as a separate entity. Once that separation is complete, Ferrari will put 10 percent of its shares on the stock market "in the United States and possibly a European exchange" as well.
This isn't the first time that the idea of a Ferrari IPO has been raised. Sergio Marchionne, chief executive of Chrysler, Fiat and Ferrari (pictured above), first raised the idea four years ago. Former Ferrari chairman Luca di Montezemolo nixed the idea, but now that he's been discharged, it appears there's nothing to get in the way of Marchionne's desires.

Race Recap: Monaco Grand Prix makes the kettle boil [spoilers]

It's not hard to believe that 80 percent of the action at the Monaco Formula One Grand Prix happened didn't have to do with straight-up racing. Mercedes AMG Petronas wasn't expected to maintain its obscene advantage over the field with Monaco being a short track that rewards corner speed over top speed, but they still ruled two of the three Free Practice sessions.
Off the track, Mercedes driver Lewis Hamilton said he thought it should be easier to beat his teammate and that he was hungrier than his teammate. Then came qualifying and Mirabeau, when Nico Rosberg had set the pole lap in the dying moments of Q3, and as the final few drivers tried to best it on their last chance - including Hamilton, who said he was on the lap that would have got him pole position - Rosberg overcooked it into Mirabeau and brought out a local yellow, killing everyone's chance to better his time. Although the sun was shining in Monaco, the paddock got cold as ice; Rosberg and Hamilton didn't look at one another, speak to one another or touch one another. Rosberg said, "It was an honest mistake." After the race, a disbelieving Hamilton said to the press, "I wish you could have seen the data."
They still lined up first on the grid, though, Rosberg ahead of Hamilton, followed by Daniel Ricciardo and Sebastian Vettel for Infiniti Red Bull Racing, Fernando Alonso and Kimi Räikkönen for Ferrari, Jean-Eric Vergne in the first Toro Rosso and Daniel Kvyat in the second in ninth, split by McLaren rookie Kevin Magnussen in eighth, and Sergio Perez in the Force India in tenth.

Ferrari Enzo split in half in crash could sell for millions

The 2004 Ferrari Enzo you see here is quite unlike any other. You see, back in 2006, tech entrepreneur Stefan Eriksson famously sliced this Enzo in half when he hit a pole along the Pacific Coast Highway while allegedly speeding at around 160 miles per hour (as you can see in the image below). And now you can bid to own it. RM Sotheby's will auction the infamous supercar in Paris on February 3. The supercar carries an estimate of between 1.5 million and 2 million euros ($1.6 million to $2.2 million at current rates). Eriksson initially claimed that a buddy was driving when the accident happened but eventually came clean. The authorities charged Eriksson with nine offenses, including grand theft, drunk driving, embezzlement, and illegal gun possession. He was later sentenced to three years in prison. Despite the horrendous damage, Eriksson's Enzo has survived. According to RM Sotheby's auction description, the Ferrari Technical Assistance Service rebuilt the car and added satellite navigation, a Bose stereo, reverse camera, power windows, and a subtle carbon fiber rear spoiler. The team also repainted the exterior in a beautiful shade called Nero Daytona and installed a Rosso interior, which replaced the original combo of Rosso Corsa on the outside and Nero inside. The car has covered 2,500 kilometers (1,553 miles) and remained in Europe since it was rebuilt from the untimely accident. The car also comes certified by Ferrari Classiche to confirm its authenticity. The Enzo is a special vehicle even without this one's great story, representing as it does a big leap forward for modern supercars. A 6.0-liter V12 with 660 horsepower sits behind the driver, and a six-speed sequential gearbox gets the power down. We can't wait to see what this interesting example brings at auction. PARIS 3 February 2016 Lot 138 2004 Ferrari Enzo Chassis no. ZFFCZ56B000135564 Engine no. 080164 Assembly no. 52696 ˆ1.500.000 - ˆ2.000.000 To be auctioned on Wednesday, February 3, 2016 Documents: French Certificat d'Immatriculation 660 bhp, 5,998 cc DOHC 65-degree V-12 engine with Bosch Motronic engine management and electronic fuel injection, six-speed electro-hydraulic computer-controlled sequential F1 transmission, limited-slip differential and traction control, front and rear pushrod-actuated double wishbones with horizontal external reservoir coil-spring damper units, and four-wheel ventilated carbon-ceramic disc brakes.