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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.

Ferrari going with turbo V8s, hybrid V12s

More for less – that's what automakers are striving for: more output with less fuel. For some that means downsizing and employing turbochargers. For others, it means going hybrid. With its latest models, Ferrari has embraced both – or rather, either – but don't expect its twelve-cylinder engines to get a set of snails, or its V8s to get an electric assist. The latest intel paints a picture of Ferrari going two different routes. As it is, the company offers (much like it has for the past several decades) both V8 and V12 supercars, and it's bringing both types into the modern era, but in different ways. As demonstrated with the California T and 488 GTB, Maranello's eight-cylinder models will shrink in capacity but add turbochargers to increase their output while decreasing their fuel consumption. Meanwhile the engine in the LaFerrari showcases the direction in which its twelve-cylinder models will go: hybrid V12 powertrains. "There will be no turbos on our V12s," an unnamed source reportedly told Autocar. "Expect instead to see 48-volt systems on the next generation." With the eight-cylinder models already having adopted their turbochargers, that means we can expect the replacements for the FF all-wheel-drive shooting brake and F12 Berlinetta two-seater to go hybrid in their next iteration. We'd expect the former to arrive first, with the hybrid F12 to arrive sometime thereafter. The company first toyed with the prospect of a hybrid twelve with the 599 HY-KERS concept showcased at the 2010 Geneva Motor Show. The first production application for the hybrid system was on LaFerrari, but of course the Scuderia developed a much smaller 1.6-liter V6 that's both turbocharged and electric-assisted for Formula One. Related Video:

Ferrari is debuting a new car Thursday

In a social media blast across its Twitter, Instagram and Facebook accounts, Ferrari released a seven-second teaser for a new car that is set to debut Feb. 28. A few subtle details hint at what it might be. Accompanying the short teaser clip were two short sentences: "Tomorrow, the Prancing Horse family welcomes a new member," it says. "Make room for new thrills." The clip flashes several up-close parts of the car including a grille, an air intake, a steering wheel with paddle shifters, a drive mode selector, a tachometer, and the top of an engine. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The engine is the most revealing part of the clip. It appears to be the V8 from the 488 Pista, which separates itself visually with carbon fiber covers, rather than the red covers seen in other Ferraris. If it is indeed that V8, it could potentially align with the report that Ferrari would be debuting a hybrid V8 supercar this year. This would just be sooner than we were expecting it. A secondary intriguing part of the video is the gear selector. The clips shows the normal modes seen on other Ferraris, including Wet, Sport, Race, CT off, and Esc off. But there's a sixth blurry white spot, which could be absolutely nothing, or it could indicate another type of driving mode. What would be important enough to add a driving mode? Maybe a hybrid? All we can do is speculate, but thankfully, only for a day more. Check back for the full reveal and full information on Feb. 28. Related Video: News Source: Ferrari Auto News Ferrari Coupe Performance Supercars supercar ferrari 488 pista