2013 Ferrari 458 Spider - Silver Black - 1,200 Miles 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

Race Recap: 2014 Canadian Grand Prix makes its money on the back end

Momentum. That was the word of the weekend at the last race in Monaco - Nico Rosberg retaking it, Williams getting reacquainted with it and Marussia tasting it for the first time, among other examples. That same, weighted term flew to Canada with the money circus known as Formula One, took all weekend to build and then walloped the front end of the field and the season on Sunday afternoon.
Rosberg carried his Monaco triumph into qualifying, putting his Mercedes AMG Petronas on pole ahead of teammate and reconciled friend Lewis Hamilton. Reigning World Champion Sebastian Vettel finally got the better of Daniel Ricciardo, lining up for Infiniti Red Bull Racing in third ahead of his teammate in sixth, split up by Valtteri Bottas and Felipe Massa in the Williams. Ferrari, having brought numerous aero updates for this race, didn't get the push it was really looking for, Fernando Alonso happy to get seventh ahead of Kimi Räikkönen, still troubled by his F14T, in tenth. Jean-Eric Vergne secured eighth for Toro Rosso, Jenson Button lining up ninth for a still-struggling McLaren.
When the lights went out, Mercedes, Williams and Marussia would all find out how quickly momentum can short circuit or disappear in a sparkly ball of high-speed contact, spilled fluids and tire barriers.

Valet gives Ferrari 458 keys to wrong Florida man

A Florida man is suing a resort and valet company after a valet attendant gave the keys to his yellow 2014 Ferrari 458 Spider to the wrong man, who then took it on a joyride in what police believe was an attempt to impress a woman. Because of course it was. The mishap dates back to July 2017 at the Vinoy Renaissance St. Petersburg Resort & Golf Club. According to the Tampa Bay Times, the valet attendant told police things got very busy, and that at some point, a man, identified as Levi Miles, then 28, asked for keys to the Ferrari. He was accompanied by a woman, identified as Chloe Rimmer, 24. In the police report, the man "seemed to be impatient" and was "demanding," the Times reports. He told the valet the ticket was inside the car and that he would bring it back. Instead, the valet told police the two sat in the Ferrari for "quite a while." Figuring he wasn't getting a tip, he stopped paying attention, and the couple eventually drove off. Police soon pulled them over as they prepared to get on a freeway ramp because the taillights weren't working. Police also said the driver appeared to be having "difficulty" driving the car. So basically, had he known how to turn on the lights and was capable of driving the thing (admittedly, Ferraris can be tricky), this plan totally would've worked. For a bit longer at least. Then again, the police also found about 2 grams of cocaine on the center console so that might've had something to do with the driveability issues. Police eventually arrested Miles and Rimmer. He had told the officer he was a Marine driving his father's car. He denied knowing about the drugs. He reportedly acknowledged trying to distract the valet attendant from demanding the valet ticket and said he knew the car wasn't his. "Miles stated the vehicle and keys were given to him by (the) valet," the report reads, "so technically he did not steal the vehicle." Miles faces charges of grand theft of more than $100,000, possession of cocaine and habitually driving with a suspended or revoked license. Rimmer was charged with possession of marijuana after police found a gram of it in her purse.