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Marchionne's FCA-GM merger might come after Ferrari spinoff

Sergio Marchionne is continuing to rumble about working out a merger with General Motors, but don't expect anything big to happen before at least early next year. That's because Marchionne would likely wait for the Ferrari spin-off to be complete before beginning his next big deal, according to Automotive News. While the Ferrari IPO on the New York Stock Exchange is expected in the coming weeks, that only concerns 10 percent of the shares. The remaining 80 percent of stock is being distributed among shareholders in 2016. Piero Ferrari holds the final 10 percent with no intention to sell. This strategy allows FCA to claim 80 percent of the Prancing Horse's profits in the automaker's 2015 financial results. According to Automotive News, the tactic has other advantages, as well. FCA would be flush with cash by waiting for the spin-off to be complete, and it would keep Ferrari separate if a GM merger actually happens. Marchionne thinks Ferrari could be valued at over $11 billion in the IPO, and it could make FCA $3.3 billion richer when complete. Marchionne believes a combined FCA/GM could sell 17 million vehicles a year globally and rake in $30 billion in earnings. In the CEO's opinion, the two automakers are wasting money by developing components to do the same things on their vehicles. Although, so far the General's top execs are rebuffing all of his advances.

Ferrari 400 Superamerica Aerodinamico fetches record $4.4M

RM Sotheby's moved an impressive $38.6 million in vintage metal at Amelia Island this year. And the top lot was the sleek classic you see here. It's a 1962 Ferrari 400 Superamerica LWB Coupe Aerodinamico, and its $4.4 million final tally is a record for its type. That's well past what it was estimated to sell for, with pre-sale expectations ranging from $2.7-3.3 million. Sports Car Market records that the previous high-water mark stood only a few hundred grand less at $4.07 million, achieved by a similar example sold by Gooding & Company last January. This particular example was the show car at the 1962 Turin Auto Show and has belonged to Erwin Goldschmidt and his family for the past four decades. As much as it sold for, of course, the Superamerica wasn't the only lot on the docket at RM Sotheby's Amelia Island sale. Other top sellers included a 1984 Ferrari 288 GTO and '68 330 GTS that sold for $2.6 and $2.2 million, respectively, a Pagani Huayra that topped $2 million, and a Bentley R-Type Continental Fastback that went for a high bid of $1.8 million. There was even a highly sought-after 1985 Ford RS200 Evolution that found a new home for $522,500 and a 2003 Aston Martin DB AR1 that went for $363,000. Check out the action in the high-resolution image gallery above, the videos below, and the press release at bottom for the full recap. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Related Video: BEST-OF-CATEGORY AUTOMOBILES DRIVE RM SOTHEBY'S $38.6 MILLION AMELIA ISLAND CONCOURS D'ELEGANCE SALE · RM Sotheby's generates $38.6 million in sales with 89 percent of all lots sold at its 18th anniversary Amelia Island, Florida sale · Top seller: 1962 Ferrari 400 Superamerica LWB Coupe Aerodinamico surpasses estimate at $4,400,000 to set new auction record · Bidders from 20 countries spur lively bidding contests, propelling numerous lots to above-estimate prices · Complete results from RM Amelia Island available online at www.rmsothebys.com · RM Sotheby's continues its global calendar of events in Monaco, May 14, during the Grand Prix Historique de Monaco weekend AMELIA ISLAND, Florida (13 March, 2016) – RM Sotheby's, the official auction house of the Amelia Island Concours d'Elegance, celebrated its 18th anniversary sale in Amelia Island yesterday (March 12) with $38,685,100* in sales and 89 percent of all lots sold.

Fast and Furious 7 has resumed filming, and here's proof

It seems that Fast and Furious 7 is finally back in production. The UAE-based Speeed spotted crews from the movie filming in Abu Dhabi with help from the local police. According to Speeed, the production worked with the constabulary to shut down several roads in the metropolis and simulate a police chase with a Ferrari 458. This is the first real evidence that Fast and Furious 7 is still being made. After production of the flick was suspended in the wake of Paul Walker's death, the future of the film was put in doubt. Then it was announced that the film was being rewritten, and Vin Diesel said that the release date had been pushed back to April 10, 2015. Walker is rumored to still appear in the movie because several of his scenes were completed prior to his passing. Scroll down to watch the scene being filmed, and, if you're a fan of the series, get excited for next year when we can actually see it on the big screen. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.