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Ferrari worth over $11 billion, says Marchionne ahead of IPO

We all know that cars from Ferrari sell for hundreds of thousands, if not millions of dollars. But how much is Ferrari worth as a company? At least ten billion, according to its chairman. Speaking at the launch of the revised Fiat 500 in Turin on Friday, Fiat Chrysler CEO and Ferrari chairman Sergio Marchionne said he expected the vaunted Maranello-based supercar manufacturer and racing team to be valued at over 10 billion euros, or about $11 billion at current exchange rates. As Bloomberg points out, that would make Ferrari alone account for some 60 percent of the value of its parent company Fiat Chrysler Automobiles, which is currently valued at over 16 billion euros. That may seem like an aggressive estimate, but we won't have to take Marchionne at his word for long. After having floated an Initial Public Offering on the New York Stock Exchange last year, Fiat Chrysler is preparing to do the same with its Ferrari unit as soon as October. FCA will not, of course, be selling off all of its shares. The projected scheme would have ten percent (worth about one billion by Marchionne's estimates) of Ferrari's shares floated on the NYSE. Another 10 percent is expected to remain in the hands of founder Enzo's son (and company vice chairman) Piero Ferrari's hands. The remaining 80 percent is slated to be distributed among Fiat Chrysler's existing stakeholders.

Ferrari SP38 is the latest one-off creation from the Prancing Horse

Ferrari has unveiled its latest one-off creation, called the SP38, a road- and track-going car built for "one of Ferrari's most dedicated customers" who has a "deep passion for racing." Swathed in a three-layer metallic red paint finish for its all-new body, the SP38 is built on the chassis and running gear of a donor 488 GTB and took its twin-turbo, twin-intercooler influence from the F40. Stylistically, the car concentrates its visual mass over the rear wheels, with a rear spoiler and engine cover reminiscent of the F40, with a wedge shape that narrows toward the front. "In plan view, the strongly tapered nose expands towards muscular wheel arches, giving the car potency and agility," Ferrari says. The engine cover sheds its rear glass and is a flip-up assembly done in carbon fiber, with three transverse slats to siphon off engine heat. At the back, the trailing edge of the rear spoiler "links seamlessly with the wing and with the aerodynamic diffuser at the bottom to create a suggestive frame surrounding the tail volume." Up front, inset headlights were designed to be as thin as possible, with daytime running lights relocated to a slim bumper lip similar to the 308 GTB. No word on the SP38's powertrain, but it seems likely that it's the 488's mid-engine 3.9-liter twin-turbo V8, which makes 660 horsepower and 560 pound-feet of torque. It'll go on display to the public on Saturday, May 26, at the Concorso d'Eleganza Villa d'Este on Lake Como in Italy. Related Video: Featured Gallery Ferrari SP38 Image Credit: Ferrari Ferrari Coupe Racing Vehicles Performance Supercars supercar ferrari f40 ferrari 488 gtb

Top Gear teases Porsche 918 vs McLaren P1 vs LaFerrari showdown

It's the comparison test we've been waiting over a year to come together: the hybrid hypercar showdown of the century between the McLaren P1, Porsche 918 Spyder and Ferrari LaFerrari. They've each got hybrid powertrains pairing eight or more cylinders with an electric motor to drive around 900 horsepower through seven-speed dual-clutch transmissions. They come from exotic automakers with rich racing pedigrees, and each costs around a million bucks. Leave it to the guys from Top Gear, then, to finally put it together. The story adorns the cover of this month's issue of Top Gear magazine, which arranged the showdown – not the television program that started it all. Fortunately, they didn't miss the opportunity to capture the action on video, which will be available to iPad subscribers – but whether you've got access or not, you can catch a short clip of the seven-figure hybrid hypercars right here. News Source: Top Gear via YouTube Ferrari McLaren Porsche Hybrid Supercars Videos porsche 918 spyder mclaren p1 ferrari laferrari