2007 Ferrari 599 Gtb Fiorano V-12 Carbon Fiber F1 12k Miles Daytona Seats Navi on 2040-cars

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Ferrari, not Tesla, might be the stock to buy

Last week Tesla's earnings – or lack thereof – were one of the big stories in the auto industry. As usual, the electric carmaker didn't make money, but the news sent the market, analysts, and Tesla's devoted fans into a lather. But another company, this plucky upstart called Ferrari, also attracted a positive reaction from the market and actually had the financials to back it up. Ferrari posted net revenues of $898 million (at today's exchange rates) EBITDA of $265 million (a slightly complicated way to snapshot financial performance) and an adjusted net profit of $136 million in the first quarter. The company delivered 2,003 cars, and sales of its V12 models increased 50 percent. It quietly made progress nearly a year and a half into its life as an independent automaker. For 2017, Ferrari expects to deliver 8,400 cars and rake in net revenue of $3.6 billion. No one thought Ferrari would flounder when Fiat Chrysler Automobiles spun it off in fall 2015. With a rich history, expensive products, and its own loyal fan base that's arguably even larger than Tesla's, the company seemed poised for success, though skeptics wondered how it might fare after longtime chief Luca di Montezemolo stepped down before the spinoff. Plus, the company remains within the FCA sphere, as its key stakeholders are largely connected to its former parent in some way, and Chairman Sergio Marchionne also steers FCA. Last week's results showed Ferrari is gaining footing in the evolving automotive world, and analysts responded. UBS analyst Michael Binetti reiterated Ferrari stock (RACE on the NYSE) as buy status and raised his target price from $85 to $92. Morgan Stanley's Adam Jonas was even more bullish, raising projections to $100 in the next 12 months. Shares were trading around $82 Monday morning. Both analysts viewed Ferrari as something different than a conventional automaker stock, with Binetti comparing it to luxury house Hermes, which produces high margins even for a specialty goods maker. Jonas suggested Ferrari's singular reputation and history (16 Formula One Constructors titles, the most ever) could insulate its products when autonomous and electric cars become even more commonplace. "In our view, a Ferrari is not transportation," he wrote in a note to clients. "Ownership is viewed as an exclusive club, and membership requires more than just money.

Haas pens partnership with Ferrari

Gene Haas is undertaking quite the initiative by starting his own Formula One team instead of simply buying an existing one. And he's making it even harder on himself by laudably insisting on quartering the operation at his home base in North Carolina. But to get onto the grid by 2016, he's going to need some help.
Fortunately that appears to be just what he's getting thanks to a new partnership with no less accomplished an outfit than Ferrari - which, despite not having won a championship since 2008, remains far and away the most successful team in the history of grand prix racing, with sixteen constructors' championships, fifteen drivers' titles and 221 grand prix victories to its name.
Haas Automation, the CNC machine manufacturer over which Gene Haas presides and which funds his various racing activities, has just signed a sponsorship deal with Scuderia Ferrari that has already seen the Haas logo appear on the F14 T that Fernando Alonso and Kimi Raikkonen drove in the British Grand Prix this past weekend. More than a sponsor, Haas Automation has become an official supplier to the Maranello squad, but is expected to lead to even closer cooperation that will help get the American F1 team up and running in time for the 2016 world championship.

Lego Speed Champions Ferrari F8 Tributo and 1985 Audi Sport Quattro S1 are 25% bigger

During a week when auto manufacturers are at the 2019 Los Angeles Auto Show debuting real, drivable cars, Lego has debuted two new toy car kits modeled after the 1985 Audi Sport Quattro S1 and the Ferrari F8 Tributo. The new models also show off an improvement to the Lego Speed Champions series: the kits are now 25 percent bigger. Lego is expanding its Speed Champions line of blocky car kits with two high-performance rides with very different purposes from very different times. One is a modern supercar, the other is a classic Group B rally car. The F8 Tributo is an inch high, five inches long, and three inches wide. It wears a clean red color scheme with a black splitter and black diffuser, and the only stickers are the headlights and the badges. The toy design carries over features of the F8 such as the hood and side body scoops, and the tiered taillights. and the rear engine cover. The S1, which is celebrating its 35th anniversary, has a much busier design. The main body of the car is white and yellow with retrolicious yellow body graphics. Black, gray and red striping add to the scheme, and "Audi," "Audi Sport," "Audi Team" and "quattro" stickers are seen on the body, the windshield, the hood and the rear wing. Clustered front rally lights, wheel flares, angular aerodynamic pieces and two sets of wheel designs help make the quattro look as authentic as possible. The car also comes with a miniature racer who can sit in the car and grip the stick shift. Both the Ferrari and the Audi will be released for January 2020. Each model is listed at $19.99, plus tax.