1980 Ferrari 512bb on 2040-cars
St Catharines, Ontario, Canada
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1980 Ferrari 512 BB. Only 25,000 klms from new. This is a car that was brought to Canada after being sold new in Switzerland, then going to the UK for a couple years. Being a Canadian car, it did not have to go through the DOT certification that the cars had to do when being imported into the United States. This means that the doors were not cut open to allow the addition of cross members for side impact crashes, as well as various additions under the front clamshell. It makes this car more desirable that the average US car that is available on the market today. Its also a 512 that has never been involved in an accident, has the rare original bumpers, and has had a complete engine rebuild 4 years ago, and the transmission was also freshened up at this time. Total invoices add up close to $80,000 for all this work. Have a look at the engine photos, and you will see the detail and the newness in them. Anyone that has been watching these cars know that this model Ferrari is more than likely the next one to rapidly increase like the others have done. Limited production numbers (929 carbureted cars) always dictate which ones become super investments for the future. There is a Ferrari 512 BB running this weekend at the Amelia Island Auction in Florida, and for those who doubt the future value of this car, watch for the results of that auction. This car is not a distress sale, but it will be sold. The last one I had last summer sold to the first person that came to see it. Don't let this one pass you by if your looking for an investment car. I would expect the price to double on these in the next 10 to 15 years. This vehicle is avail for inspection (which I encourage) at anytime. If you fly into Buffalo NY, I will pick you up and bring you back to the airport when your finished viewing. I have the spare tire, just removed it to charge the battery.
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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.
Race Recap: Brazil ends the 2013 F1 season with whimpers, bangs [spoilers]
Mon, 25 Nov 2013When the grid lined up at the Autódromo José Carlos Pace in Brazil there were just 71 laps, almost 306 kilometers, until the end of the 2013 season. Sometimes the circuit in Interlagos is deciding a Championship winner or showcasing new talent, and sometimes it's merely deciding a winner. This year was the latter.
2013 World Champion Sebastian Vettel in the first Infiniti Red Bull Racing lined up in front of Nico Rosberg in the first Mercedes-AMG Petronas, Fernando Alonso in the first Ferrari, Mark Webber in the second Red Bull and his final Formula One race, Lewis Hamilton in the second Mercedes, Romain Grosjean in the Lotus, Daniel Ricciardo in the first Toro Rosso and his final race for the team before moving to Red Bull, his teammate Jean-Éric Vergne, Felipe Massa in the second Ferrari and Nico Hülkenberg in the Sauber.
There were numerous theories about what surprises might occur, with race day being the first dry running of the weekend and rain predicted to fall at some point during the running. The first surprise came when the lights went out and Vettel, the consummate starter, got beat to the first corner.
Ferrari chairman ticked off by Alonso
Wed, 31 Jul 2013Luca Cordero di Montezemolo does not strike us as the kind of person we'd want to cross. We imagine the Chairman of Ferrari as sort of like an automotive Don Corleone, a thought that is further confirmed when we hear about the aftermath of last weekend's Hungarian Grand Prix.
Fernando Alonso made some unsubstantiated remarks that have angered his team, with The Daily Mail reporting that when asked after the race what he wanted for his birthday, the Spaniard responded "Someone else's car." And while no one seems to know exactly what was said, it was enough to prompt a personal phone call from the boss of Ferrari on Alonso's birthday for a dressing down.
Montezemolo reminded Alonso that, "All the great champions who have driven for Ferrari have always been asked to put the interests of the team above their own. This is the moment to stay calm, avoid polemics and show humility and determination in making one's own contribution, standing alongside the team and its people both at the track and outside it."