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'Top Gear' episode 1 recap | A new beginning, again

Season 27 of "Top Gear" kicked off Sunday night, and we were there on our couches for the premiere to see everything Chris Harris, Freddie Flintoff and Paddy McGuinness had to offer. With only five episodes in this season, this new group of characters doesn’t have much time to get it right. They started with a bang, on a massive road trip through Ethiopia in cars identical to their first vehicle purchases. Before that, though, the hosts recognized the rebirths and numerous changes "Top Gear" has gone through since Clarkson, Hammond and May left the premises. Good on "Top Gear" for not brushing over any sort of controversy and unrest, then getting on with the show as itÂ’s meant to be. As is typical for "Top Gear," the adventure/story portion of the show was definitely the most entertaining. We wholeheartedly approve of all the vehicles these guys bought as their first transportation — watching Chris Harris toss his little Mini around the sand and rocks was especially joyful. The boys get on rather well together for just starting off, and while the interludes for challenges didnÂ’t feel totally natural, the challenges themselves were still fun to watch. Being in Ethiopia with such a vast array of alien-to-us shooting locations definitely helped keep us entertained from a visual standpoint. We werenÂ’t surprised to see Chris Harris handling the “serious car review” portion of the show where he pitted a Ferrari 488 Pista against a McLaren 600LT — the others aren't traditional automotive journalists. We wonÂ’t give away who won, but the Ferrari did manage to surprise us in one particular area. Perhaps the most important aspect of the whole episode is how the three hosts got on with each other (Sabine Schmitz was nowhere to be seen). ThereÂ’s no Captain Slow or American car maniac amongst the group, but a comedian (Paddy) and cricketer (Freddie) certainly do bring fresh voices and perspectives. WeÂ’ll give them time to warm up to each other as the season goes on, with a new episode this coming Sunday. One thing we know for sure after this first go: Chris Harris really does not like the hot desert as much as he loves hot, burning rubber.

Ferrari to be spun off from Fiat Chrysler

The 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.

Even Ferrari swept up in latest Takata recall expansion

The scope of Takata's deadly airbag problems continues to widen. Eight manufacturers announced recalls Friday that affect more than 12 million vehicles, according to documents filed with federal regulators. The automakers include Honda, which is recalling 4.5 million units, Fiat Chrysler with 4.3 million, Toyota with 1.65 million, and Subaru, which is recalling almost 400,000. Some of these cars include the Saab 9-2x and Pontiac Vibe that Toyota and Subaru made for General Motors. Mazda will recall 730,000 vehicles and Nissan has 400,000 affected units. The smallest numbers were posted by Mitsubishi, with 38,000 Lancers manufactured from 2006 to 2007, and as a noteworthy high-end manufacturer, Ferrari is calling back 2,800 vehicles. These are all US-market cars. Beyond America, the Japanese Transport Ministry has announced seven million additional vehicles will be recalled, which means 19.6 million vehicles across the globe are affected by recalls announced. The defects have been traced to an insufficiently manufactured airbag inflator, which lacks a drying agent that would prevent the inflators from deteriorating over time. Thirteen deaths have been linked to the faulty airbags, which have become unstable and are prone to exploding and showering vehicle occupants with lethal amounts of metal shrapnel. A private equity firm, KKR & Co., has been named in a possible buyout of the struggling Takata. Related Video: News Source: ReutersImage Credit: Shutterstock Government/Legal Recalls Ferrari Honda Mazda Automakers Mitsubishi Nissan Pontiac Subaru Toyota Saab Safety