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Ferrari Purosangue SUV test mule spied in video

We all know Ferrari has lost its shame and is working on an SUV, but here's the first hint of it with this video of what's most likely a Purosangue test mule. Yes, Ferrari Purosangue is the terrible name reportedly being given to the upcoming vehicle that Ferrari will not want you to call an "SUV." But what we're looking at here is the body of a GTC4Lusso with some obvious SUV hints. Just look at the ground clearance and wheel gap on this thing. That's clearly not typical Ferrari style. The video was captured by SupercarsNews on YouTube, and is actually quite comical too. As soon as the driver of the Ferrari notices the videographer standing by the fence, he jumps on the brakes and backs out of there behind the cover of trees. All was for naught, however, because we got to see and hear the test mule anyways. We don't imagine the Purosangue SUV/crossover thing will end up looking like this when it comes out. It is the first physical "proof" of the Ferrari utility vehicle, though, with a launch sometime early in the next decade forthcoming. Unfortunately, the quality of the video is on the poorer side of things, so it's difficult to pick much out beyond the high ride height. The sound of a modern Ferrari engine is evidently there — we wouldn't doubt this car being offered with an electrified powertrain too eventually. There's no information on where this video was shot, but chances are the videographer is right next to Ferrari's home in Maranello with this kind of a vehicle out and about. So go ahead and watch the video above -- it's a pretty weird sight to see a lifted Ferrari. Related video: Rumormill Spy Photos Ferrari Crossover SUV Luxury Performance

Ferrari 400 Superamerica leads $60M RM Sotheby's sale at Amelia Island [w/video]

Just last month, two of the most venerated auction houses came together under one roof. And this past weekend, the newly christened RM Sotheby's held its first event at the Amelia Island Concours d'Elegance, selling a record $60 million worth of classic automobiles. The event's highlight was surely the gorgeous 1960 Ferrari 400 Superamerica SWB Cabriolet pictured above. Resplendent in dark green over a red leather interior, this particular Superamerica set a record for that model when it sold for $6.38 million, with proceeds going towards a children's education charity. That price far outstrips the record $4 million that Gooding & Co. got for that sleek white Aerodinamico coupe in Scottsdale earlier this year. Among the other seven-figure items were of course some other Ferraris, including a rare '72 Daytona Spider that went for $3.3 million, along with a smattering of Jaguars, Mercedes, Alfas, Lamborghinis and Bugattis. A rare 2007 Ferrari 599 GTB Fiorano with a manual transmission sold for nearly triple its estimate at $682,000, and the Daytona-winning, Castrol-liveried 1988 Jaguar XJR-9 sold for over $2 million. Of course RM Sotheby's wasn't the only company holding an auction during the Florida concours. But as the event's official auction house, it brought in more than all the other participating auctioneers combined, setting a record for Amelia Island in the process. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

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.