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Ferrari to be spun off from Fiat Chrysler
Wed, 29 Oct 2014The recently merged Fiat Chrysler Automobiles empire has ambitious plans for growth, and it's going to need some big bucks in its coffers in order to enact them. Part of that cash injection is coming from the floating of its IPO on the New York Stock Exchange, but now FCA has announced a further capital campaign to be based on the enormous asset that is Ferrari.
FCA's board of directors has just approved the separation of Ferrari from the rest of the group as a separate entity. Once that separation is complete, Ferrari will put 10 percent of its shares on the stock market "in the United States and possibly a European exchange" as well.
This isn't the first time that the idea of a Ferrari IPO has been raised. Sergio Marchionne, chief executive of Chrysler, Fiat and Ferrari (pictured above), first raised the idea four years ago. Former Ferrari chairman Luca di Montezemolo nixed the idea, but now that he's been discharged, it appears there's nothing to get in the way of Marchionne's desires.
'Ring Queen Sabine Schmitz battles Ron Simons in Porsche vs Ferrari scrap
Tue, 04 Jun 2013We hope you have seven minutes to kill. RSR Nürburgring recently took the time to pit Sabine Schmitz and her slightly modified Porsche 911 GT3 RS against Ron Simons and his Ferrari 458 Italia in a sparring match around the infamous Green Hell. The clip begins with the two drivers engaging in a smidgeon of smack talk before the two get down to the business of beating each other's doors off around one of the most challenging courses in the world. Simons calls his car superior to Schmitz's 911, while Schmitz says she's up against nothing more than a Fiat driven by an old Dutch man.
Don't hold any punches, you two.
We won't spoil the finale for you, but we will say the tango is worth watching. At the end, the loser calls for a rematch. We can't wait to see that throwdown. Check out the clip below for yourself.
LaFerrari XX prototype pushed so hard that its suspension fails
Sun, 13 Jul 2014Ferrari has a real challenge on its hands. It made the new LaFerrari hybrid hypercar so extreme already that it left little room to crank it up to 11 and turn it into an XX development prototype like it did with the Enzo and the 599 before it. So it's really going to have to push the envelop to take it that extra step.
That's what it has apparently set out to do with this LaFerrari prototype at Monza, where the Prancing Horse marque was spotted preparing the upcoming LaFerrari XX. In fact, testers ran the prototype so hard that they broke the car's right rear suspension. Which is bound to happen, we guess, when you try to find that extra bit of performance in a vehicle that's already one of the most capable ever devised, but only goes to show how much deeper Ferrari will have to dig to find that even sharper edge.
Either that or Ferrari's working on some sort of four-wheel steering system with automatic camber adjustment... See for yourself in the video below.