1999 Ferrari Modena on 2040-cars

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Marchionne wants Maserati to be FCA's new Ferrari

Fiat Chrysler Automobiles is gearing up to spin Ferrari, its most profitable brand, off into another company, and float its stock on the open market. That means it's going to need another profit-driver to generate income for the rest of the group. And according to its chief executive Sergio Marchionne, that mantle will soon be picked up by Maserati. FCA is betting big on Maserati, which has long stood as a niche marque with a limited array of models and low sales numbers. In addition to the recently introduced Ghibli and Quattroporte sedans – now crucially offered with diesels and all-wheel drive – Maserati is preparing to roll out the Levante crossover that promises to do for the Modenese marque what the Cayenne did for Porsche. Due in part to the success of its first crossover, Porsche turned itself from a niche sports car manufacturer into an immensely profitable automaker that was (nearly) capable of buying out the entire Volkswagen Group. Maserati's resurgence is part of a two-pronged assault FCA is plotting against its German rivals. Maserati will be charged with taking on the higher end of the Mercedes, BMW, and Audi ranges (from the E-Class, 5 Series and A6 upwards). Meanwhile, Alfa Romeo will go after the lower end of the luxury spectrum with the new Giulia (aimed at the C-Class, 3 Series and A4) and other models to follow. FCA aims to turn Maserati and Alfa Romeo (along with Jeep) into global brands, broadening the narrow geographical appeal they have held until now. In order to generate enough profit to support the rest of the group as Ferrari has, Maserati will need to find a way to increase its profit margins. Bloomberg reports that Ferraris command a 13-percent profit margin, and while the ten percent that Maseratis list for is still triple that of the FCA average, slow sales are forcing some dealers to offer deep incentives that cut significantly into that margin. Related Video:

2019 Tokyo Auto Salon features one of the coolest auctions we've seen

In just over a week, the Tokyo Auto Salon will host one of the coolest auctions we've seen in years. Jalopnik spotted BH Auction's listings, and it's a cornucopia of hot machinery you won't typically find at American auctions like Gooding & Company or Barrett Jackson. While Japanese cars make up most of the listings, Ferrari, Porsche, BMW and even Dodge all have at least one car going up for auction. We won't include everything here, but you can check out the full list on BH Auction's website. There are 50 lots at the auction, including nine Nissan Skylines, nine Ferraris and two Porsche Carrera GTs. Some of our other favorites include a Honda S800 coupe, a Toyota Miniace truck, a Mitsubishi Willys Jeep and a 1955 Mercedes-Benz 300 SL gullwing with the V8 from a W124 Mercedes-Benz E60 AMG that's estimated to sell for between $1.25 million and $1.5 million. Related Video: News Source: BH Auction via Jalopnik Audi Dodge Ferrari Honda Mitsubishi Nissan Porsche Toyota Auctions Autoblog Minute nissan skyline mercedes-benz 300 sl

This rare vintage Ferrari is not like the others

This particular Ferrari profiled by Petrolicious is attached to many of the vital names we've come to associate with the brand, like Dino, Scaglietti, Ascari, and Formula 1. What it doesn't have is the kind of engine we've come to associate with Maranello: at the front of that delicious bodywork is a 2.0-liter four-cylinder with 172 horsepower. The car is a 1955 Ferrari 500 Mondial Series II Scaglietti-bodied spider, its engine derived from the 2.0-liter engine used in the Ferrari 500 race car that Alberto Ascari used to win the F1 World Championship in 1952 and 1953. We can only wonder if any of today's cars will provide the same joy at being a barn find as this one did for its affable owner, retired US Navy Admiral Robert Phillips. He discovered it in the back of a dealership in 1960 - it had been sitting unused in Ohio and California for years - and almost walked away from it. He only bought it when he realized it had a four-pot engine. He paid two-thirds of his yearly salary at the time for it, the handsome sum of $2,225. In today's money that's about $18,000. Phillips says there are only three left with the original engines, so odds are that his car's value is exponentially more than the inflation-adjusted purchase price. One of them is going on the block with RM Auctions next month which looks a lot like this one, and they've listed it as "Price on Request." Phillips is our kind of owner, though - one who believes his car is meant to be driven, and who wants to pass it on to another driver when the time comes. His vehicle has quite the history, too, making its way to the Americas thanks to a call from the president of Venezuela to Enzo Ferrari. Check out the video for its beautiful story. Related Video: