2006 Ferrari F430 Spider F1 One Owner Car Contact Chris @ 630-624-3600 on 2040-cars

Auto blog

Fiat Chrysler begins Magneti Marelli spinoff

MILAN — Fiat Chrysler has kicked off its planned spinoff of parts maker Magneti Marelli, which will be registered in the Netherlands and listed on the Milan stock exchange, a document outlining initial plans and seen by Reuters showed. The spinoff is part of a plan by FCA Chief Executive Sergio Marchionne to "purify" the Italian-American carmaker's portfolio and to unlock value at Magneti Marelli similar to his earlier spinoff of Ferrari. Analysts say Magneti Marelli could be worth between 3.6 billion and 5 billion euros ($4.2 billion to $5.8 billion). It sits within FCA's components unit alongside robotics specialist Comau and castings firm Teksid. FCA has created a separate entity called MM Srl, the document showed, into which it will fold Magneti Marelli's electronics and electro-mechanical operations related to racing motorbikes and racing cars, as well as 14 other holdings in various companies around the world, including Germany, Slovakia, Mexico and South Africa. MM will be incorporated into a Dutch holding company via a cross-border merger, it added. FCA declined to comment. The move follows a similar procedure adopted by FCA for the spinoff and listing of Ferrari as well as of trucks and tractor maker CNH Industrial, both registered in the Netherlands and listed in Milan. The Dutch holding company would allow Marchionne, known for his success in extracting shareholder value through this strategy, to introduce a loyalty share scheme to reward long-term investors through multiple voting rights, as was the case with CNH and Ferrari. That would tighten the grip of FCA's controlling shareholder Exor, the Agnelli family's investment holding company, on the parts maker. Magneti Marelli, which employs around 43,000 people and operates in 19 countries, is a diversified components supplier specialized in lighting, powertrain and electronics. The Magneti Marelli separation is expected to be completed by the end of this year or early 2019, FCA has said. FCA's advisers initially looked at a possible initial public offering for the business to raise cash to cut FCA's debt, but the Agnelli family — FCA's main shareholder — was put off by low industry valuations and did not want its stake in Magneti Marelli to be diluted, three sources close to the matter told Reuters in March. Magneti Marelli has often been touted as a takeover target, and FCA has fielded interest from various rivals and private equity firms over the years.

Ferrari planning six-cylinder Dino revival?

Ferrari swore up and down when it was developing the California that it wouldn't be an "entry-level" model. Whether that ultimately proved to be the case or not is up for debate, but it seems that the Prancing Horse marque is now preparing to launch a properly more accessible model in the near future. According to Motor Trend, Maranello is working on a new six-cylinder sports car to serve as the point of entry for new customers – especially in China. Tax implications there could mean the V6 would displace less than 3.0 liters, but likely pack a pair of turbochargers to ensure that output and performance live up to the Ferrari standard. Tipped to arrive in 2019, the six-cylinder model could materialize as a revival of sorts of the Dino line. Named after Enzo Ferrari's first-born son, the Dino sub-brand used mostly six-cylinder engines to take on the Porsche 911 on and off the track. The Dino 206 GT emerged in 1968, evolved into the larger-displacement 246 the following year and ultimately gave way to the very different, eight-cylinder, four-seat 308 GT4 in 1973, later to be rebadged as a proper Ferrari once the Dino brand was put to rest in '76. It's worth noting that Ferrari developed the 3.0-liter twin-turbo V6 for the Maserati Ghibli and Quattroporte, which would presumably serve as the basis for the new entry-level Ferrari. Though FCA typically endeavors to keep its brands from competing directly with one another, Maserati is due to release a production version of the Alfieri sports car concept within the next couple of years, powered by that same engine, and could share its underpinnings with the Ferrari model in question. The six-cylinder Prancing Horse could carry a price tag of around $180,000 to take on the likes of the Porsche 911 Turbo, Mercedes-AMG GT, Audi R8 and the Sports Series which McLaren just kicked off with its new entry-level 570S. Related Video: News Source: Motor TrendImage Credit: Newspress Ferrari Coupe Performance v6 ferrari dino

LaFerrari Spider might actually use Aperta name

We've already shown you the Ferrari LaFerrari Spider, but it may ultimately use a different name. Sources told Autocar the topless LaFerrari will actually have "Aperta" in its title. The British magazine also notes that some of the images have file names labeled Aperta. It would be a fitting moniker as the word translates to "open" in English. It was affixed to other special Ferrari convertibles like the 599 SA Aperta and 458 Speciale A Aperta, and it makes sense to bestow the name upon the most powerful Ferrari convertible yet. The previous open-air Ferrari with the greatest output was the 488 Spider with 661 horsepower, which is paltry compared with the LaFerrari's 949 hp. The LaFerrari drop-top will make its official debut at the Paris Motor Show, and we expect it to cost about $1.4 million. Ferrari says all examples have already been sold. Related Video: