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Ferrari 488 Pista Prototype Drive | Pants-soiling straight-line performance

Independent studies confirm that Lotus Elise drivers are 221.6 times more likely to spontaneously dispose of light-colored undergarments after driving on curvy roads. That's because the weight distribution of a mid-engine car encourages novice drivers to inadvertently ask the rear wheels to pass the fronts in the middle of a corner. Adding insult to staining, the layout's resulting low polar moment of inertia ensures that this rotation happens more quickly than the average person's sphincter-startle clench reflex. The flip side is that even the most powerful mid-engine cars have enough weight over their rear wheels to make straight-line acceleration a worry-free affair. Well, they used to. Full-throttle acceleration in the Ferrari 488 Pista is genuinely terrifying. Wheelspin is a genuine threat at any road-legal speed — and when that happens, its rear end steps out with the same violence as the car accelerates. And that is saying something. The 488 Pista is diabolically quick. Like, hallelujah-hold-on-tight, praise-the-lord, scream-like-a-child and slap-yo-momma quick. Or, in slightly more objective terms, the Ferrari's claimed 7.6-second sprint from a standstill to 200 km/h (124 mph) is but 0.3 second behind that of the 1,000-hp Bugatti Veyron 16.4. When we say quick, we mean QUICK. Perhaps too quick for the road, so it's a good thing the car is literally named after the track. The Pista is the latest in the lineage of harder-core Ferraris that began with the 360 Challenge Stradale. The 360CS, like the F430 Scuderia ("Team") and 458 Speciale ("Special") that followed, was a little quicker than the regular car, a little more devoid of creature comforts and a lot louder. The same basic recipe applies to the 488, though in its transition from GTB to Pista (say "peas-ta"), its engine gets a bigger power boost than any of its predecessors. Boasting 720 metric horsepower, or 710 American ponies, the Pista makes 49 hp more than the already absurdly powerful 488 GTB. The expected weight-savings measures are also present, accounting for a claimed 198-pound reduction in total mass. Ten-percent-stiffer springs and recalibrated magnetorheological dampers offer tighter body control, and Michelin Sport Cup 2 tires conspire with those changes to generate massive cornering grip. But more on that later — the star of this prototype preview drive was the engine, Ferrari's award-winning 3.9-liter flat-plane-crankshaft V8.

Ferrari raises $893M, valued at $12B

Ferrari's stock is moving as quickly on the New York Stock Exchange as the brand's iconic sports cars do on the road. The company's incredibly popular initial public offering has already raised $893.1 million by virtue of 17.18 million shares sold for $52 apiece. If the deal's underwriters buy in as well, the figure would grow to $982.4 million. Plus, even after shouldering some of FCA's debt, the automaker carries an enterprise value of $12 billion, Bloomberg reports. Just as the company starts trading on the New York Stock Exchange, the share price is already racing upward, too. As of this writing, Ferrari stock, which is listed under the symbol RACE, is priced at $57.59. At its high so far today, the value reached as high as $60.95. While Ferrari is looking strong, the big winner in this success looks to be FCA because the company should raise $4 billion in the spin-off, according to Bloomberg. With nine percent of the sports car maker on the NYSE and one percent for the underwriters, another 80 percent will be distributed to FCA investors in 2016. When that's through, Exor, the holding company for the Agnelli/Elkann family, should have the largest stake at about 30 percent. Piero Ferrari holds the remaining 10 percent and has no intention to sell it. Related Video: FCA Announces Pricing of Initial Public Offering of Ferrari N.V. Common Shares Fiat Chrysler Automobiles N.V. (NYSE: FCAU/MI: FCA) ("FCA") and its subsidiary Ferrari N.V. ("Ferrari") announce today the pricing of Ferrari's initial public offering of 17,175,000 common shares at an offering price of $52 per share for a total offering size of $893.1 million ($982.4 million if the underwriters exercise the option described below in full). The shares are expected to begin trading on the New York Stock Exchange on Wednesday, October 21, 2015, under the symbol "RACE", and closing of the offering is expected to occur on October 26, 2015. In addition, the underwriters have a 30-day option to purchase an aggregate of up to 1,717,150 common shares of Ferrari from FCA. The offering is intended to be part of a series of transactions to separate Ferrari from FCA. Following completion of this offering, FCA expects to distribute its remaining ownership interest in Ferrari to FCA shareholders at the beginning of 2016. UBS Investment Bank is acting as Global Coordinator for the offering.

At Lamborghini, gasoline is going, going, gone

Those who've waited this long to plunk down a deposit on a Lamborghini with a full combustion motor have waited too long. For six decades, the Italian brand, founded in 1963 to compete with Ferrari, delivered V8s, V10s and V12 gasoline powered engines to its aficionados. But as of now, its official: the order books have closed on Lambo’s Huracan and Urus models. Stephan Winkelmann, head of the Volkswagen subsidiary, informed the German newspaper WELT this week that all ICE models are now sold out until the end of their production cycle. Only hybrid and electric vehicles will be made from next year and transitioning to the end of the decade. The 2023 Huracan with its 631 horsepower V-10 is starting priced at about $210,000. To prepare for the switch to hybrid power, Lamborghini has invested “at least 1.8 billion Euros,” which is about $2 billion, to produce a lineup of hybrid vehicles ready for release by late 2024 and into 2025. The companyÂ’s next hybrid model is the Revuelto, which pairs a V12 engine with a plug-in hybrid powertrain. The brand anticipates offering a fully electric car “by the end of the decade,” Winkelmann has said. Globally, Lamborghini delivered 9233 vehicles in 2022, up from 8420 the previous year. Related Video This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Ferrari Lamborghini Fuel Efficiency Green Automakers Automotive History Future Vehicles Performance