1999 Ferrari 360 Modena Coupe ~ F1 on 2040-cars

Auto blog

Ferrari IPO could come any day now

According to Bloomberg, Fiat Chrysler Automotive Sergio Marchionne told reporters at the Toronto Global Forum that the Ferrari IPO could come any day now. "We are days away from filing the prospectus," said Marchionne, who declined to confirm whether rumors of involvement from UBS Group AG, JPMorgan Chase & Co and Goldman Sachs Group were accurate. In addition to an expected filing in New York, Marchionne hinted that a secondary filing could take place in Milan, Italy. Although the FCA Chief Executive didn't offer any expected sum for Ferrari, he had previously suggested that an IPO for the iconic Italian brand could be worth $1 billion, ringing the registers to the tune of 10 percent of the company's $11 billion valuation. According to Bloomberg, that potential sum is significantly higher than its own internal figures indicate after taking a poll of analysts who we assume must know a heck of a lot more about such things than we do. Considering how close we apparently are to the actual filing, though, we probably won't have to wait long to find out. Another hot topic any time Sergio is the subject of reporter questioning is a potential merger with General Motors or another large, full-line automaker. It seems there aren't any new revelations to reveal on the consolidation front, though Marchionne told reporters there were no plans to mount a hostile takeover of GM or any "other, less optimal" partners. Related Video: News Source: BloombergImage Credit: STR/AFP/Getty Earnings/Financials Chrysler Ferrari Fiat Sergio Marchionne FCA

Race Recap: 2014 Austrian Grand Prix is old-school front row, new-school racing

The last time Formula One raced in Spielberg, Austria the track was called the A1 Ring, Juan Pablo Montoya and Ralf Schumacher were the pilots for Williams, the field contained other not-so-venerable names like Ralph Firman and Justin Wilson and V10 engines were bolted to the bulkheads - the only Mercedes units being in the backs of the two McLarens, one of which was driven by Kimi Räikkönen, who finished second behind Michael Schumacher.
The return to an old-school Formula One track - now called the Red Bull Ring - after 11 years away put an old-school team on the front row, Felipe Massa in a Williams getting his first pole position since 2008, followed by teammate Valtteri Bottas. Behind them came Nico Rosberg in the first Mercedes AMG Petronas, Fernando Alonso in the Ferrari, Daniel Ricciardo for Infiniti Red Bull Racing, Kevin Magnussen for McLaren, Danil Kvyat in his Toro Rosso, Räikkönen in the second Ferrari, Lewis Hamilton in the second Mercedes way back in ninth - he'd spun on his final timed lap after having his previous effort disqualified for going wide at Turn 8 - Nico Hülkenberg in the Force India in tenth after opting not to set a time at all in Q3.
It's a shame the well of nostalgia wasn't deep enough to give us some proper old-school racing.

Romania's Forza Rossa to join 2016 F1 grid

Bazac's Maranello ties have prompted speculation that Forza Rossa could be as closely affiliated with Ferrari as Hass. Formula One may be in a bit of a crisis at the moment, with two of its smaller teams collapsing into bankruptcy, but there may yet be light at the end of the proverbial tunnel as two new teams are gearing up to take their place. One of those teams is Forza Rossa, and while we haven't much anything about the Romanian entry in in recent months, a new report from Pitpass indicates that plans are well under way – if not without their complications. Forza Rossa is being backed by a number of Romanian parties, including veteran race strategist Colin Kolles (who was most recently involved in the Caterham buyout) and Ion Bazac, former government minister and Ferrari's Romanian importer (pictured above next to Giancarlo Fisichella). Interestingly, the latter's ties to Maranello have prompted speculation that the team could be at least as closely affiliated with Ferrari as Haas (the American team being started by industrial machinery magnate and NASCAR team owner Gene Haas). A third Romanian individual – former soccer player Constantin Cojocar – turns out to have been the one who bought Caterham Sports Ltd, the company which designed and built the cars for the Caterham F1 Team until its recent collapse. The plan was to supply chassis and components to both Caterham and Forza Rossa, but Cojocar evidently had trouble paying the bills and keeping the lights on. Caterham's bankruptcy, however, could present a golden opportunity for Forza Rossa to scoop up the assets of both the team and the manufacturer at a good price, building the new team on the burnt foundations of the old one – even if it has already been granted the go-ahead by the FIA to form its own entry. That, however, won't happen until 2016 at the earliest, whittling down the grid in the meantime from 22 cars to 18. According to the arrangement between the FIA, Formula One Management and the teams, that threshold would oblige at least the leading teams to make up the lost places on the grid by fielding a third car each – something they couldn't prepare in time for US Grand Prix this past weekend, but which could be put into action for next season.