2010 Ferrari 458 Italia Coupe Clear Title Red With Beige Interior on 2040-cars

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Ferrari IPO could come any day now

According to Bloomberg, Fiat Chrysler Automotive Sergio Marchionne told reporters at the Toronto Global Forum that the Ferrari IPO could come any day now. "We are days away from filing the prospectus," said Marchionne, who declined to confirm whether rumors of involvement from UBS Group AG, JPMorgan Chase & Co and Goldman Sachs Group were accurate. In addition to an expected filing in New York, Marchionne hinted that a secondary filing could take place in Milan, Italy. Although the FCA Chief Executive didn't offer any expected sum for Ferrari, he had previously suggested that an IPO for the iconic Italian brand could be worth $1 billion, ringing the registers to the tune of 10 percent of the company's $11 billion valuation. According to Bloomberg, that potential sum is significantly higher than its own internal figures indicate after taking a poll of analysts who we assume must know a heck of a lot more about such things than we do. Considering how close we apparently are to the actual filing, though, we probably won't have to wait long to find out. Another hot topic any time Sergio is the subject of reporter questioning is a potential merger with General Motors or another large, full-line automaker. It seems there aren't any new revelations to reveal on the consolidation front, though Marchionne told reporters there were no plans to mount a hostile takeover of GM or any "other, less optimal" partners. Related Video: News Source: BloombergImage Credit: STR/AFP/Getty Earnings/Financials Chrysler Ferrari Fiat Sergio Marchionne FCA

Michael Schumacher documentary is in the works

A documentary chronicling Formula One legend Michael Schumacher is in the works and will be released Dec. 5 in Europe. The film, "Schumacher," is being made to tell the racing driver's story. Schumacher is widely regarded as the greatest Formula One driver of all time with his seven world championships. He raced from 1991 to 2006, and then again from 2010 to 2012. His early years were spent at Benetton before he joined Ferrari for the majority of his career. The last few seasons were spent with Mercedes-Benz. Unfortunately, just a year after walking away from the sport, he suffered a head injury while skiing. The injury left him in an induced coma, from which he is still recovering. Schumacher has not been seen in public and will reportedly not be seen in this film, but it will feature interviews with his family, including his wife, Corinna. Never-before-seen archival footage will also be featured. However, his current health condition will not be addressed. In nearly six years since the accident, Schumacher's recovery has been handled quietly. Neither family nor friends have made public comments concerning his condition. A trailer is set to be shown in Cannes at the Marche du Film event that begins May 14 and goes until May 23. Schumacher turned 50 years old this year, and this will also be the 25th anniversary of his first World Championship victory with Benetton. It's unclear when and where folks in the U.S. will be able to watch the film, but an American release is expected shortly after Europe — early 2020 is the target for now.

What's it like to wakeboard behind a Ferrari F50? Glad you asked

Peons. Peasants. Plebians. Ohioans. You think the videos that show you water skiing or wakeboarding behind pickup trucks are cool? They aren't. Wakeboarding behind a Ferrari F50, though, is most assuredly awesome. Those over-wealthy Einsteins at YouTube channel Tax The Rich have released their latest stunt, which shows a charming yellow F50 towing a wakeboarder down what looks like an irrigation canal. It really is as cool as it sounds.