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FCA delays distribution of Ferrari shares

Even if you can't afford an actual Ferrari, soon you can own a part of the famous company thanks to its upcoming initial public offering. FCA will put 10 percent of the Prancing Horse on the market in the third quarter of this year. However to reap extra money for 2015's bottom line, the rest of the sports-car maker's stock will remain undistributed for a little longer. According to Automotive News, the strategy is quite simple to understand. FCA is holding off until the first quarter of 2016 to divvy up the remaining Ferrari stock to shareholders. By doing so, the automaker gets to claim 80 percent of the Prancing Horse's profits for its 2015 financial numbers. While FCA is already showing strong results through Q1 2015, being able to add extra cash on the balance sheet is always a plus. FCA hasn't set a specific date for the IPO, but Ferrari stock was announced to be traded in the US and possibly on a European exchange, as well. According to Automotive News, FCA currently owns 90 percent of the company, and Piero Ferrari has the remaining 10 percent, which he isn't selling. Related Video:

You can apply to attempt to break the world record for fastest blindfolded driver [w/video]

The Guinness-certified world record for "fastest speed for a car driven blindfolded" is 186.12 miles per hour, set by Mike Newman in a Porsche GT2 last year at Bruntingthorpe Proving Ground in England. Then earlier this year, Newman said he'd go for the 200 mph mark - something he might want to talk to fellow Bruntingthorpe speed demons Vmax200 about. UK firm Extreme Motorsport, which seems to have been set up solely to set blindfold driving and riding records, wants to wrest the record from Newman using a Ferrari 458 Challenge and the even longer runway at Elvington Airfield in York, England.
Strangely, it appears the terms "legally blind" and "blindfolded" equate to the same thing. The Guinness record and Extreme Sports say "blindfolded," but Newman and the man who held the record before him, Turkish pop singer Metin Sentürk, are legally blind and neither of them wore blindfolds during their record attempts.
No matter - the real point is that Extreme Motorsport is casting about for a driver to set a new record. The could-be-shady part is that Extreme is pretty vague about what's involved; they'll provide the car or the motorcycle, but you have to "choose a charity and pledge to give them all the funds you raise above the entrance fee and for any other personal expenses you may need to participate in the challenge." Extreme doesn't give any indication of how much that entrance fee might be.

Ferrari reopens wind tunnel after 18-month refurb

Ferrari is not a company used to being behind the curve, but if you've been wondering how the Scuderia has lost so much territory on the Formula One circuit to a relative newcomer like Red Bull, part of the answer could come down to its wind tunnel.
Seriously, the wind tunnel? Yes, the wind tunnel. Aerodynamics play an increasingly vital role in F1 racing, and while Red Bull has one of the best in the business, Ferrari's hasn't been running right for some time now.
A year and a half ago Ferrari shut down the galleria del vento at its headquarters in Maranello, citing problems with "correlation" - that is, a major discrepancy between the results it got in the wind tunnel, in CFD computations and on the racetrack. Having narrowed the problem down, the Scuderia embarked upon a major overhaul. It's been using Toyota's facility in Cologne, Germany, in the meantime, but as team principal Stefano Domenicali put it, not having your own wind tunnel on premises "is like playing basketball with one hand behind your back." Now the renovations reportedly complete, however, and Ferrari will begin using its wind tunnel again next month.