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LaFerrari for sale in Florida for $4.7 million

Want to get your hands on a new LaFerrari? It's gonna cost you, and cost you big. The factory charged $1.35 million for each of the 499 it will ever make, but you can bet speculators will be selling them for much more than that. Just take a look at this listing from Florida. The Fort Lauderdale Collection South has one LaFerrari for sale with an asking price of $4.7 million. That's more than triple what Ferrari charged for it. The example in question bears the VIN ZFF76ZFA2E0205216 and appears to have been built for the US market in September 2014. It's done up in the classic combination of Rosso Corsa over a black interior and has just 388 miles on the odometer. It has a few options installed, including carbon-fiber side mirrors, a sports exhaust, and Prancing Horse logos embroidered into the headrests. Each of those options is worth a good grand or two on top of the list price, but their addition doesn't go very far toward explaining the enormous markup. With no other examples of LaFerrari having been sold at auction just yet, we don't have much of an indication of how much they're worth on the open market. According to Sports Car Market, the most anyone paid for the previous Enzo was just over $6 million this past August at the RM Sotheby's sale in Monterey, but that was the final example of the breed that was gifted to Pope John Paul II. Most of the rest have sold for a million or two – not over four. Related Video: Featured Gallery Ferrari LaFerrari for sale in Fort Lauderdale View 40 Photos News Source: Fort Lauderdale Collection South via The Supercar Kids Auto News Green Ferrari Car Buying Coupe Hybrid Supercars ferrari laferrari laferrari

Race Recap: 2014 Spanish Grand Prix is boom and bust [spoilers]

The Spanish Grand Prix's 2.892-mile Circuit de Catalunya is considered a preview for the rest of the season, since it's a combination of long front straight and twisting middle sectors mimic sections from every other Formula One track to follow. After the long break following the flyaway races to open the season, teams and fans have also been looking forward to this race to see if anyone had a realistic hope of catching Mercedes AMG Petronas; Infiniti Red Bull Racing honcho Christian Horner boiled his team's outlook for the season down to the line, "We've got to [beat them in Spain] if we're going to make a championship of it."
If we take that as our starting point then the weekend began as a bust. Lewis Hamilton only just beat Mercedes teammate Nico Rosberg for pole, the Brit's final effort getting him 0.178 seconds clear of the German. Daniel Ricciardo, proving Red Bull is at least the best of the rest, took third but did so more than a second behind Hamilton. Valtteri Bottas of Williams lined up fourth, almost 1.5 second behind and Romain Grosjean delivered overdue good news for Lotus by taking fifth on the grid, more than 1.7 seconds behind pole. Kimi Räikkönen in sixth outqualified his Ferrari teammate Fernando Alonso in seventh, but he couldn't be happy about it because the Ferraris were nearly two seconds behind, and Jenson Button in eighth in the McLaren was more than two second behind. Felipe Massa put the second Williams in ninth, and Sebastian Vettel overcame a terrible start to the weekend to make it into Q3, then didn't set a time when his gearbox failed, then got dropped five places to 15th on the grid when the gearbox had to be changed.
When the lights went out, then came the boom...

Ferrari worth over $11 billion, says Marchionne ahead of IPO

We all know that cars from Ferrari sell for hundreds of thousands, if not millions of dollars. But how much is Ferrari worth as a company? At least ten billion, according to its chairman. Speaking at the launch of the revised Fiat 500 in Turin on Friday, Fiat Chrysler CEO and Ferrari chairman Sergio Marchionne said he expected the vaunted Maranello-based supercar manufacturer and racing team to be valued at over 10 billion euros, or about $11 billion at current exchange rates. As Bloomberg points out, that would make Ferrari alone account for some 60 percent of the value of its parent company Fiat Chrysler Automobiles, which is currently valued at over 16 billion euros. That may seem like an aggressive estimate, but we won't have to take Marchionne at his word for long. After having floated an Initial Public Offering on the New York Stock Exchange last year, Fiat Chrysler is preparing to do the same with its Ferrari unit as soon as October. FCA will not, of course, be selling off all of its shares. The projected scheme would have ten percent (worth about one billion by Marchionne's estimates) of Ferrari's shares floated on the NYSE. Another 10 percent is expected to remain in the hands of founder Enzo's son (and company vice chairman) Piero Ferrari's hands. The remaining 80 percent is slated to be distributed among Fiat Chrysler's existing stakeholders.