Only 4,758 Miles! Excellent Condition! on 2040-cars

Auto blog

Watch the trailer for 'Ferrari 312B: Where the revolution begins' documentary

It's not often that a car gets to star in its own silver screen documentary, but the Ferrari 312B is doing just that, as the 1970-introduced Formula 1 car is being featured in Ferrari 312B: Where the revolution begins. The 312B launched a new era for the Italian marque. The B stood for "boxer," referencing the 180-degree 3.0-liter 12-cylinder engine, which replaced the preceding 312's 60-degree V12. The groundbreaking flat engine enabled the new car to have a lower center of gravity, which among other benefits, allowed more space for unhindered airflow above it. The body designs that graced the 312B were unconventional, earning one particularly nose-heavy-looking car the nickname "snowplow." As a dramatic story arc requires, the newly designed engine proved unreliable in its early guise, taking years of honing for it to be properly nailed. Racing legends Niki Lauda, Jacky Ickx, Jackie Stewart, Gerhard Berger and Damon Hill are among those to analyze the car and the years that turned Ferrari's fortunes around. The 1970 car even returns to the Monaco race track all these years later, having been overhauled by a team led by its original engineer – Mauro Forghieri. The documentary hits American theaters Nov. 17.

Fiat Chrysler begins Magneti Marelli spinoff

MILAN — Fiat Chrysler has kicked off its planned spinoff of parts maker Magneti Marelli, which will be registered in the Netherlands and listed on the Milan stock exchange, a document outlining initial plans and seen by Reuters showed. The spinoff is part of a plan by FCA Chief Executive Sergio Marchionne to "purify" the Italian-American carmaker's portfolio and to unlock value at Magneti Marelli similar to his earlier spinoff of Ferrari. Analysts say Magneti Marelli could be worth between 3.6 billion and 5 billion euros ($4.2 billion to $5.8 billion). It sits within FCA's components unit alongside robotics specialist Comau and castings firm Teksid. FCA has created a separate entity called MM Srl, the document showed, into which it will fold Magneti Marelli's electronics and electro-mechanical operations related to racing motorbikes and racing cars, as well as 14 other holdings in various companies around the world, including Germany, Slovakia, Mexico and South Africa. MM will be incorporated into a Dutch holding company via a cross-border merger, it added. FCA declined to comment. The move follows a similar procedure adopted by FCA for the spinoff and listing of Ferrari as well as of trucks and tractor maker CNH Industrial, both registered in the Netherlands and listed in Milan. The Dutch holding company would allow Marchionne, known for his success in extracting shareholder value through this strategy, to introduce a loyalty share scheme to reward long-term investors through multiple voting rights, as was the case with CNH and Ferrari. That would tighten the grip of FCA's controlling shareholder Exor, the Agnelli family's investment holding company, on the parts maker. Magneti Marelli, which employs around 43,000 people and operates in 19 countries, is a diversified components supplier specialized in lighting, powertrain and electronics. The Magneti Marelli separation is expected to be completed by the end of this year or early 2019, FCA has said. FCA's advisers initially looked at a possible initial public offering for the business to raise cash to cut FCA's debt, but the Agnelli family — FCA's main shareholder — was put off by low industry valuations and did not want its stake in Magneti Marelli to be diluted, three sources close to the matter told Reuters in March. Magneti Marelli has often been touted as a takeover target, and FCA has fielded interest from various rivals and private equity firms over the years.

Scuderia Ferrari displaces relatives of missing passengers at Malaysian hotel

The action and glamor of a Formula One race coming to town is usually more than enough to shine an international spotlight on a host country, but Malaysia has made headlines recently for another reason entirely. That, of course, would be the disappearance of Malaysian Airlines flight 370. But with the two events coming together, something's going to have to give, and unfortunately in this case, it's the grieving families of the flight's passengers.
The clash came to a head when the Scuderia Ferrari came to town to set up for next weekend's race. Team members were booked to stay at the Cyberview Hotel in the capital of Kuala Lumpur, arrangements which F1 chief Bernie Ecclestone points out were likely to have been made long ago. The trouble is that over a dozen relatives of MH370 passengers who had come in from China were still staying at that hotel while awaiting word on their loved ones' fates, and with the hotel apparently filling up fast ahead of the grand prix weekend, those family members were forced to leave.
Just where they've gone, we don't know, but while the development may not look good for Ferrari or for F1, it strikes us as one of those unfortunate situations where no one is really to blame. The race has been booked for months, the team likely made their reservations long before the flight went missing, the hotel is obliged to honor the reservations and the grieving families need somewhere to stay. The tendency to point fingers often prevails, but in this situation we're afraid no one is to blame but the circumstances. That, and the still as-yet unknown cause of the flight's mysterious disappearance.