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Le Mans-raced 1953 Ferrari 340/375 MM headed to auction

Vintage Ferrari models show up on the auction circuit all the time, but few can match this particular '53 340/375 MM Berlinetta Competizione in terms of historical significance. Not only did the machine compete in the 1953 24 Hours of Le Mans, but this particular model managed to finish in second place before being disqualified for taking on extra brake fluid during a stop. More importantly, a total of three Formula One world champions have driven this car in competition at events like the Spa 24 Hours, Pescara 12 Hours and the Circuit of Guadeloupe.
The coolest part for us? Umberto Maglioli managed to set a public road stage record with this machine during the Carrera Panamericana by averaging 138 miles per hour over 223 miles. The effort was good enough to land the team a sixth place finish overall, and the record still stands to this day for any road stage anywhere. The 340/375 MM Berlinetta Competizione is up for auction in restored condition at the RM Auction event in Paris this week. Check out the full press release below for more information.

Ferrari worth over $11 billion, says Marchionne ahead of IPO

We all know that cars from Ferrari sell for hundreds of thousands, if not millions of dollars. But how much is Ferrari worth as a company? At least ten billion, according to its chairman. Speaking at the launch of the revised Fiat 500 in Turin on Friday, Fiat Chrysler CEO and Ferrari chairman Sergio Marchionne said he expected the vaunted Maranello-based supercar manufacturer and racing team to be valued at over 10 billion euros, or about $11 billion at current exchange rates. As Bloomberg points out, that would make Ferrari alone account for some 60 percent of the value of its parent company Fiat Chrysler Automobiles, which is currently valued at over 16 billion euros. That may seem like an aggressive estimate, but we won't have to take Marchionne at his word for long. After having floated an Initial Public Offering on the New York Stock Exchange last year, Fiat Chrysler is preparing to do the same with its Ferrari unit as soon as October. FCA will not, of course, be selling off all of its shares. The projected scheme would have ten percent (worth about one billion by Marchionne's estimates) of Ferrari's shares floated on the NYSE. Another 10 percent is expected to remain in the hands of founder Enzo's son (and company vice chairman) Piero Ferrari's hands. The remaining 80 percent is slated to be distributed among Fiat Chrysler's existing stakeholders.

Ferrari SF-15T will look to reclaim former F1 glories in 2015

The parade of cars for the 2015 Formula One World Championship continues apace, as Scuderia Ferrari has unveiled the vehicle that fans of the Italian team will doubtlessly be hoping drivers Sebastian Vettel and Kimi Raikkonen will pilot to victory. After the questionable styling of last year's vehicles, this new Ferrari continues the trend of more aesthetically pleasing designs. The vacuum-cleaner-like snout of last year's F-14T has been replaced with a longer, rounded bill that feeds more gracefully towards the cockpit. The new front end is arguably the most noticeable change for 2015, while changes elsewhere on the open-wheeler's body are mere evolutions of last year's design. In fact, that's kind of the theme around the SF-15T. The brake-by-wire system, clutch and gear ratios (which are locked after the first race) have all been optimized based on last season's experiences, while the weight of the car has increased by just 11 kilograms, as per sporting regulations. Take a look at Ferrari's batch of images showing its new challenger, and let us know whether you think this new design will fare better than last year's troubled F-14T. TECHNICAL FEATURE OF THE SF-15T The SF15-T the sixty first car built by Ferrari specifically to take part in the Formula 1 World Championship. It is the second car made by Ferrari since the reintroduction of turbo engines in 2014. The first year of these new regulations was extremely challenging for the Scuderia and the lessons learned have been applied vigorously to the SF15-T to create a car that is in every respect a large step forwards with respect to the F14-T. Chassis The most striking visual difference between the SF15-T and its predecessor is the lowering of the front end of the car in accordance with the change of regulations for the 2015 season. After a few seasons of rather unappealing aesthetics, the 2015 rules permit the SF15-T an attractive nose shape which also brings excellent aerodynamic performance. Aside from the nose area, the regulations for 2015 are largely unchanged. This has given the Team a stable base on which to engineer a much stronger chassis than the year before: A casual glance at the back of the car reveals a much more tightly packaged rear end which allows more downforce to be extracted from the critical surfaces around the rear of the car. The rear wing family has been extensively redesigned to deliver stable performance in corners while producing a larger DRS effect on the straights.