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Fiat Chrysler denies rumors that Ferrari SpA is moving to London

It seems that reports of Ferrari's relocation to London have been somewhat exaggerated. The past few days have seen more than a few stories on the legendary Italian brand's decision to move its tax base out of Italy, and now Fiat Chrysler is speaking out against the scuttlebutt. "These rumors have no grounds," FCA said in a statement obtained by Reuters. "There is no intention to move the tax residence of Ferrari SpA outside Italy, nor is there any project to delocalize its Italian operations, which will continue to be subject to Italian tax jurisdiction." Ferrari's move to London was based on two beliefs. First, that the company would benefit from being located nearer the investor community, should it be listed on a European exchange. FCA, though, said a European listing was only a "possibility," according to Reuters. Instead, the company will be listed on an American market. Aside from the move to benefit investors, it was believed Ferrari was looking to relocate to escape Italy's more oppressive corporate tax rate, which sits around at 31.4 percent, compared to the UK's 20 percent, Bloomberg reports. This denial by Fiat Chrysler, though, should be enough to close the book on Ferrari leaving Italy, no matter how much sense it might make. Related Video:

Santa swaps his sleigh for a Ferrari-powered Toyota

A Ferrari-powered Toyota 86 is sure to garner a bit of attention, as well it should. We've been paying attention throughout this build, so it should be no surprise then that Santa did as well. He's ditched his red sleigh for the Gumout GT4586 in this video. If you've been following along, you know that Ryan Tuerck and Gumout built this completely bonkers machine that's far more exciting than some previous Japanese/Italian mash-up automobiles. Donut Media has been doing their part to document and promote every stage of the process. This new video is filled with the gratuitous amounts of lights, noise, and tire smoke that Donut is known for. We don't know the conversion from horsepower to reindeerpower, but the GT4586 should provide plenty of oomph for Santa's Christmas trek. Related Video: News Source: YouTube Humor Ferrari Scion Toyota Coupe Special and Limited Editions Performance Videos toyota 86 engine swap

Ferrari supercar hybrid prototype chased down by fan

As discovered by Ferrari Chat and reported by Motor1, an Instagram user by the name Lambolife (@9000lambo) and a friend were out cruising in Europe when they ran across what looks like a Ferrari prototype, possibly a hybrid based on the F8 Tributo. The pair got the car on video as they were chasing it down the road and into a parking lot where the prototype driver tried to hide. Besides being amusing to watch the test driver trying desperately to keep the fans from seeing the car, we actually get a good glimpse at the vehicle. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Looking closely, the size and shape is very similar to the F8 Tributo, which is the latest evolution of the 488 GTB, and the 458 GTB before that. The shape of the rear spoiler and the edge of the front nose are particularly similar to the F8. But there are a couple differences, starting with the exhaust. On the regular car, the pipes are mounted low and set far apart. On this prototype, the pipes come out much higher up, and they're very close together. On top of that, you can just make out the triangular electrocution hazard sticker on one side of the car. This suggests it's a hybrid. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. A hybrid Ferrari similar to the F8 makes sense with other news we've heard recently. The company has confirmed it's working on hybrid drivetrains. Past reports say that one of them is a V6 hybrid with as much as 728 horsepower and 800 pound-feet of torque, and the other is a V8 hybrid with unknown performance, but most certainly greater than the V6. The first of the engines will be released in May, and since Ferrari's CEO said it will exceed the 812 Superfast, which makes 789 horsepower, that first engine will probably be the V8. This could be a prototype of Ferrari's soon-to-be-released V8 hybrid. It's also possible that this is simply a powertrain test mule, or a prototype for the V6 model coming later. At least we're half way through May, so we should have the answers to our questions very soon.