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

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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:

Jay Leno's Garage kicks off season 2 Wednesday

A few days ago, we wrote about the upcoming season of Jerry Seinfeld's Comedians in Cars Getting Coffee. Now the second season of Jay Leno's Garage is nearly here with a full 12-episode run. The previous season did well. The first episode was CNBC's most-watched original series ever, with 916,000 viewers tuning in when it aired in early October. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The first episode of season two launches on CNBC on Wednesday, June 15th, and it focuses on supercars. Nick Cannon is one of the stars in this week's episode, and he shows off his Ferrari California – a car which Cannon likes to drive at cruising speeds. The other guests during the second season include actor-turned-racecar-driver Patrick Dempsey, comedians Tim Allen and Dan Aykroyd, musician Brad Paisley, and Caitlyn and Kendall Jenner, according to TVNewser. Related Video: News Source: CNBC via AdweekImage Credit: Getty Images Auto News Celebrities Ferrari Special and Limited Editions Supercars Jay Lenos Garage jerry seinfeld cnbc

Meet the man that discovered and restored the oldest existing Porsche

Luciano Rupolo is an absolutely fascinating gentleman. He was born in France but spent nearly his entire life in Italy as an auto mechanic running his own shop. His grandfather and father instilled a love of sports cars in him that he carried on by historic racing in Italy for decades. He saw his life-long automotive passion repaid when he found and restored the car that might have been the first Porsche registered for the road.
You can spot in his garage a split-window Corvette, Ferrari 250 GTE and other exotics, but Rupolo's most interesting automotive story concerns his Iso Grifo Competizione (pictured above). The sports coupe was found in the Canary Islands as little more than a shell, but Rupolo got help from a prestigious source for its restoration. The result is a motoring masterpiece.
Rupolo is a fantastic storyteller with a captivating, tale to tell. Settle in, scroll down and watch the bittersweet documentary about his life with one of the first Porsches.