1969 Ford Mustang Fastback "r" "rare Rainbow Of Colors" on 2040-cars

Auto blog

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.

LaFerrari 3D model adds depth to Maranello's new supercar

At its recent Geneva Motor Show unveiling, we couldn't help but spend a good long time gawking at the new LaFerrari supercar. It isn't just that it's the newest top-line Ferrari, or even that it picks up where the Enzo left off - it's just that there's so much to look at, from the ductwork in its long nose to the delicate artistry of its sideview mirrors. There's so much aerodynamic wizardry in play on every surface that you just want to pick it up in your hand and look underneath to take a closer look every which way - even underneath.
Sadly that's not possible, but we may just have the next best thing. Autoblog reader Giorgio has come up with this clever interactive 3D model of the LaFerrari, and we think it's neat enough that you might want to take a look - check it out by scrolling below. And don't forget - we love featuring what our car-crazed readers are up to, whether here or on our Facebook page, so keep those tips coming.

'World's Most Expensive Car Crash' results in 10 charged [w/video]

Justice is slowly being served to those drivers who were involved in a 10-car pile up in Japan last year that saw eight Ferrari models, one Lamborghini and three Mercedes-Benz vehicles hauled off for scrap. As you may recall, the lead driver lost control of his machine, pin balling into those following behind and doing some $4 million in damage in the process. Now the 61-year-old lead driver and nine others have had their cases sent to prosecutors.
The group are currently being charged with suspicion of violating traffic laws. We'll take a moment to wait for the laughter to die down before continuing.
Prosecutors claim the drivers were exceeding the speed limit and not paying attention to the road when the incident happened. Six people were injured in the dust up, but everyone survived. The group was on their way to a supercar event in Hiroshima. Feel free to watch the original news reports below.