1992 Ferrari 348 Ts, Red/tan, 10,394 Miles, Engine Out Major Service 3/27/14 on 2040-cars

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Marchionne wants Maserati to be FCA's new Ferrari

Fiat Chrysler Automobiles is gearing up to spin Ferrari, its most profitable brand, off into another company, and float its stock on the open market. That means it's going to need another profit-driver to generate income for the rest of the group. And according to its chief executive Sergio Marchionne, that mantle will soon be picked up by Maserati. FCA is betting big on Maserati, which has long stood as a niche marque with a limited array of models and low sales numbers. In addition to the recently introduced Ghibli and Quattroporte sedans – now crucially offered with diesels and all-wheel drive – Maserati is preparing to roll out the Levante crossover that promises to do for the Modenese marque what the Cayenne did for Porsche. Due in part to the success of its first crossover, Porsche turned itself from a niche sports car manufacturer into an immensely profitable automaker that was (nearly) capable of buying out the entire Volkswagen Group. Maserati's resurgence is part of a two-pronged assault FCA is plotting against its German rivals. Maserati will be charged with taking on the higher end of the Mercedes, BMW, and Audi ranges (from the E-Class, 5 Series and A6 upwards). Meanwhile, Alfa Romeo will go after the lower end of the luxury spectrum with the new Giulia (aimed at the C-Class, 3 Series and A4) and other models to follow. FCA aims to turn Maserati and Alfa Romeo (along with Jeep) into global brands, broadening the narrow geographical appeal they have held until now. In order to generate enough profit to support the rest of the group as Ferrari has, Maserati will need to find a way to increase its profit margins. Bloomberg reports that Ferraris command a 13-percent profit margin, and while the ten percent that Maseratis list for is still triple that of the FCA average, slow sales are forcing some dealers to offer deep incentives that cut significantly into that margin. Related Video:

1957 Ferrari 250 Testa Rossa sells for record $39.8 million

This might not come as a shock, but ultra-rare vintage cars are only going to get more expensive as time rolls on, particularly if there's a prancing horse on the car's nose. For example, in 2011, a Ferrari 250 Testa Rossa sold for $16.39 million. In February 2012, a 1964 250 GTO sold for nearly $32 million. Later that year, a 1962 250 GTO sold for $35 million. It was the most expensive car ever sold, making last year's 275 GTB/4 NART Spider and its $27.5-million auction price seem like a drop in the platinum-lined bucket. Now, there's been another high-dollar Ferrari sale.
An unrestored, 1957 250 Testa Rossa was reportedly sold for over $39 million, making it the most expensive car ever sold in the United Kingdom. Just for perspective, $39 million is about 28 LaFerraris or roughly 128 F12 Berlinettas. It's not the most expensive car ever sold, but it still represents a huge sum of money for a classic car. Part of the reason for chassis number 0704 - the car pictured above is 0714, which sold for a mere $12.2 million in 2009 - being sold for so much is down to its excellent provenance.
It made its race debut at the 1957 24 Hours of Le Mans, although it failed to finish. Phil Hill and Peter Collins racked up wins with this exact car in Buenos Aires and Sebring, according to the folks at Hemmings. Combining race wins by a former Formula One World Champion with an unrestored example of an extremely rare car (one of just 34 250 Testa Rossas ever built) makes its monumental sale price almost seem reasonable.

A fleet of classic Ferraris were left to rot in a field

A field full of abandoned, old Ferraris is not a common sight. But here are photos of a bunch of them sitting out in the elements. Silodrome originally found and published a story about these lonely looking Ferraris. According to the post, there's a Testarossa, a 308 Quattrovalvole, at least two 328s, at least three 348s and an unestablished number of Mondials. All of them reportedly belonged to one collector, and the story behind why they ended up in the field is rather sad. The owner (name unknown) was an attorney who acquired 13 Ferraris over the course of his successful career. Around 2011 or 2012 he was diagnosed with a serious illness, and he paid to have the cars put into a friend's secure warehouse. Unfortunately, he ended up missing some payments as his condition worsened, and the cars were removed from the warehouse. Their new storage spot? The field you see photographed here. Back payments were eventually made to the warehouse, but the Ferraris were never moved inside. Apparently, the Ferraris would remain in the field for nearly a decade until the family was able to take possession of them. No explanation was provided as to why they were unable to grab them sooner, but the article alludes to "legal proceedings" holding them up. Eleven Ferraris were found in the field, but records (titles, invoices) show that there should have been 13. Additionally, two Rolls-Royces are also unaccounted for. The family reportedly made a deal to sell nine of the Ferraris to a dealer, so they could be restored and sold to new owners. Interior photos of these Ferraris are a bit of a shock. Time sitting in a field hasn't served them well, but at least some folks are going to give them the care a classic Ferrari deserves now. You can check out the rest of the images on Silodrome's article.