1987 Ferrari Testarossa Base Coupe 2-door 4.9l on 2040-cars

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Ferrari FXX-K Evo sprouts wings and looks ready to fly

The winged devil you see above is the Ferrari FXX-K Evo. All those protuberances are there for a reason – from the reshaped front fascia with its carbon fiber splitters to the twin-profile rear wing and fixed fins – and that's to produce downforce. Some of the most important aero bits are hidden where you can't see. Vortex generators affixed to the belly of the beast and a massive rear diffuser help suck the FXX-K Evo to the track. A path of air travels from the hood, over the canopy, and ultimately to the rear wing, all in an effort to optimize flow and increase high-speed stability. At 124 miles per hour, says Ferrari, the bits and baubles push toward the earth with 1,411 pounds of downforce. In addition to the aero tweaks, Ferrari made adjustments to the FXX-K's suspension, fitted it with a redesigned steering wheel, and installed a larger interior display. Owners of previous FXX-K models can opt to have these upgrades added to their cars, and a limited number of new Evos will be produced. These 1,050-horsepower hybrid gasoline-electric machines aren't meant for the street. Instead, Ferrari arranges a nine-race schedule for owners who wish to stretch the FXX-K's legs out on the track. And if you're lucky enough to own one, we certainly hope you find enough time to take part in the high-speed festivities. Related Video:

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:

Ferrari IPO worth $1 billion to launch imminently

Or maybe not. Back in July, we reported that Ferrari's initial public offering could come any day, based on what FCA honcho Sergio Marchionne told reporters at an international economic forum. Marchionne himself ensured investors that the Maranello automaker was "days away" from filing the paperwork. That didn't happen. Now it's October, and the rumormill is churning about all things Ferrari IPO on the news that the company has filed amended IPO documents with the SEC on September 22. Like last time, the launch is apparently imminent – as early as today, reports CNBC – and sources are hearing an offer of $1 billion in stock, or roughly 10 percent of what FCA believes Ferrari to be worth. Back in July, Marchionne insisted that Ferrari was worth as much as $11 billion, despite experts at the time pointing out that this was much higher than even the company's internal assessment of the brand's value. Bloomberg is also reporting that demand for Ferrari stock may exceed supply by as much as 10 times, even before the IPO. Much of this value (as much as half) is derived from the brand as intellectual property, as opposed to its assets or profitability. Part of the brand value equation is Marchionne's attempt to reposition Ferrari as a "luxury" brand, as Business Insider notes – the word "luxury" is mentioned 151 times in the document. The broad universe of branded Ferrari goods, like luxury clothing and toys, are a strong illustration of Ferrari's power as a brand. For traditionalists and Ferrari fans jittery at the thought of their beloved manufacturer subject to the whims of shareholders, a few calming notes. Tech Times reports that the documents confirm that Ferrari will remain incorporated as an Italian company. More importantly, there's no indication at present that Ferrari's new emphasis on "luxury" will change their product plans, meaning ever-faster exotic cars will continue to roll out of Maranello for now.Related Video: