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Marchionne's FCA-GM merger might come after Ferrari spinoff

Sergio Marchionne is continuing to rumble about working out a merger with General Motors, but don't expect anything big to happen before at least early next year. That's because Marchionne would likely wait for the Ferrari spin-off to be complete before beginning his next big deal, according to Automotive News. While the Ferrari IPO on the New York Stock Exchange is expected in the coming weeks, that only concerns 10 percent of the shares. The remaining 80 percent of stock is being distributed among shareholders in 2016. Piero Ferrari holds the final 10 percent with no intention to sell. This strategy allows FCA to claim 80 percent of the Prancing Horse's profits in the automaker's 2015 financial results. According to Automotive News, the tactic has other advantages, as well. FCA would be flush with cash by waiting for the spin-off to be complete, and it would keep Ferrari separate if a GM merger actually happens. Marchionne thinks Ferrari could be valued at over $11 billion in the IPO, and it could make FCA $3.3 billion richer when complete. Marchionne believes a combined FCA/GM could sell 17 million vehicles a year globally and rake in $30 billion in earnings. In the CEO's opinion, the two automakers are wasting money by developing components to do the same things on their vehicles. Although, so far the General's top execs are rebuffing all of his advances.

Ferrari-driving kid's parents charged by Indian police [w/video]

Earlier this month, we reported on a video that was circulating the internet which showed a young boy driving a Ferrari F430 on a street in India while other children watched and two adults recorded the whole thing. And that was all that we knew at the time. Now, there is more information about the car, the kids and their parents thanks to an article in the Daily Mail. As it turns out, a wealthy businessman let his son drive the Ferrari as a present for his ninth birthday and recorded the whole thing while his six-year-old son was riding shotgun.
According to the report, the father, Muhammad Nizam, faces charges and possibly the seizure of the car for letting his son get behind the wheel. Oddly enough, the video is still up on YouTube, and we have it posted for you below.

Bid on Floyd Mayweather's Ferrari Enzo in New York

Floyd Mayweather has a bit of a thing for supercars. Heck, he bought 100 cars from one dealership alone. While his Ferrari Enzo is just one of many impressive cars in his collection, it's certainly special. And it's for sale. The 295th example in a run of 400 was done up in Rosso Corsa over black leather and sold new to a buyer in Dubai who barely ever drove it. Mayweather bought it from its original owner last year and put it in his collection, alongside so many other Ferraris and Bugattis. He only drove it some 200 miles, though, leaving this as one of the lowest-mileage Enzos around with just 560 miles on the odometer. Now that Mayweather is retired, he's putting the Enzo up for auction, consigning it to RM Sotheby's for its upcoming Driven By Disruption sale in New York next month. The record for the highest price paid for an Enzo at auction currently stands at over $6 million, set at Monterey this past summer by - you guessed it - RM Sotheby's. But that was the very last example, made for Pope John Paul II, with just 111 miles on it. The next highest price (also achieved by RM) was recorded a year prior at $1.925 million. That all-black example had three owners who clocked over 8,000 miles on it. The auction house anticipates that this example will sell for $3-3.5 million. Given the celebrity provenance and low mileage on this example, we won't be at all surprised to see it reach that amount. 2003 Ferrari Enzo Chassis no. ZFFCW56A130135440 Engine no. 79706 Assembly no. 52427 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. Wheelbase: 104 in. - The 295th Enzo of 400 produced - Just two owners and 560 miles from new - Formerly owned by renowned boxer Floyd Mayweather - Surely one of the finest Enzos extant FERRARI'S 21ST CENTURY SUPERCAR At the Paris Motor Show in 2002, the pressure was on for Ferrari to unveil its latest supercar. The company was back on top after years of struggling both in motorsport and in sales, and it was clear that their next supercar, the successor to the Ferrari F50, would be a monumental milestone for the company.