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Ferrari third-quarter profit doubles on one-off tax break

MILAN — Ferrari says its net earnings doubled in the third quarter thanks mostly to one-off tax benefit. The sports car maker said Monday that net earnings were 287 million euros ($327 million) compared with 141 million euros a year earlier. The company said earnings grew 5 percent when excluding the so-called patent box tax break, agreed on with Italian authorities, covering use of copyrights, patents, trademarks, design and know-how. Deliveries were up 11 percent to 2,262 vehicles driven by sales of the 812 Superfast and the Ferrari Portofino, with revenues flat at 838 million euros. Europe and Middle East sales were up by double digits to 1,005. The Americas grew by 5 percent and greater China by 7 percent. Ferrari forecast full-year sales at over 9,000 cars with profits of 1.1 billion euros.Related Video:

Ferrari SP3JC one-off channels vintage roadsters with a color-wheel twist

Not long after we posted on rumors of a Ferrari 812 Spider, we get this, the Ferrari SP3JC. This is no 812 Superfast, though, it's a one-off commission based on running gear from the limited edition F12 TDF. John Collins, owner of classic Ferrari dealer Talacrest in the UK, provided the dream, the funds, and therefore the "JC" in the open-top's name. We'll assume this being Ferrari's third Special Project this year contributed the rest of the alphanumeric. Collins said the project took 3.5 years from dream to completion, and Ferrari said the design process consumed two of them. While there have been at least six special editions and commissions based off the F12, this is the first one-off to use the F12 TDF. The Italians say the SP3JC is "designed to pay homage to company's classic 1950s and 1960s roadsters." A much wider power bulge in the hood falls all the way into the grille of the redrawn front fascia. New vents appear at the corners of the bumper. Above, instead of the F12 TDF's small hood vents, two large, transparent panels provide views of the 6.3-liter V12. At the side, instead of the modern rising fender line from front wheel to cowl, the fender descends on its way rearward akin to Ferraris of old. The redrawn panels move the donor car's vent to above the rocker panel, and erases the three vents over the rear wheels. In back, 812 Superfast taillights preside over a layered fascia with three full-width vents and a jutting diffuser. The 812 Superfast also donated its wheels. Roll hoops stand guard behind the seats. According to a poster on Ferrari Chat, the SP3JC doesn't come with a roof. About that paint scheme: There were plenty of vibrantly hued classic Ferraris, but we don't know of any that put so many hues on one body. Ferrari says the mashup here was inspired by Collins' "passion for Pop Art." Bianco Italia mixes with Azzuro Met and Giallo Modena, right down to the yellow pinstripes on the wheels and the matching blue and white leather inside. Personally, we'd rather jump off with the F12 TRS when imagining what an 812 Superfast Spider could look like, but this is probably a better place to start. View 43 Photos Related Video:

Ferrari 365 GTB/4 brings joy to both father and son

In addition to wonderful cinematography and a keen eye for style, Petrolicious has a knack for showing that cars can bring families together. Whether Nissan fans, classic rally racers or a trio of BMW 5 Series drivers, the series often proves that automobiles can have meaning beyond just as a heap of mechanical parts. The latest video keeps that theme going with a 1973 Ferrari 365 GTB/4 Daytona that connects a father and son. Matthew Lange's dad bought his Daytona in 1974 as a company car and certainly didn't let it waste away in the garage. His father put over 30,000 miles on the Pininfarina-designed coupe in just the first few years. Then, when Matthew turned 30, his dad gave him the Ferrari to enjoy. Today, it still gets used regularly and is likely going to the next generation of the family eventually. Even if the father/son story doesn't grab you, there are few things in the automotive pantheon that sound better than a V12 Ferrari. Lange even takes a run through the gears to let Petrolicoius record the wonderful engine sing. News Source: Petrolicious via YouTube Ferrari Coupe Performance Classics Videos petrolicious ferrari 365 gtb4 daytona