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Ferrari stock sale pegged for October, or later

The Ferrari IPO is still coming, but it won't be before Columbus Day (Monday, October 12, that is), according to Fiat Chrysler Automobiles CEO Sergio Marchionne. The outspoken exec is blaming tax reasons for the fourth-quarter date, according to a report from Reuters. Marchionne said a full year needed to pass between FCA's October 13, 2014 Wall Street debut and any additional listing. This isn't the first delay in the Ferrari IPO. FCA was originally supposed to make a 10-percent offering of Ferrari during second or third quarter of 2015, before officially pushing things back to the third quarter of this year. Now, it's unclear if Ferrari will even go public before the dawn of 2016. Related Video: News Source: ReutersImage Credit: Marco Vasini / AP Earnings/Financials Government/Legal Chrysler Ferrari Fiat Sergio Marchionne FCA fiat chrysler automobiles

Ferrari 488 GTB slides through the night

Offer a chance to listen to a Ferrari rev, and you immediately get our attention. For a new promotional video, Pennzoil goes even further by unleashing the 488 GTB on the track and then drifting it around Barcelona, Spain, at night. Add in a some classical music to accompany the twin-turbocharged V8, and the result is a fantastic display of automotive power. The video has a simple premise of showing off the 488 GTB, but the clip excels at its goal of displaying the model's performance. Check out the action above to see what we mean. If you want to know more, a behind the scenes look is below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Related Video:

Ferrari's modular next-gen platform is under construction

Ferrari and Altair ProductDesign are teaming up to create a next-generation platform for the automaker's future vehicles, reports Automotive News. The platform will provide Ferrari with a base for several new flagship models, claims Altair in a press release that is no longer available, noting that the engineering and design company has worked with Ferrari for more than 10 years. According to the report, vehicles on the next-gen platform are expected to be lighter and better performing, and the platform will reduce vibration, noise, and harshness. Altair's designers and engineers worked alongside the automaker's manufacturing, design, and engineering teams in Italy to create the platform. Altair currently works with an extensive list of automakers on various design and engineering aspects for vehicle chassis. We reached out to Ferrari to get a better idea of what Altair is bringing to the table, but the automaker declined to comment about its relationship with suppliers or on future products. As previously reported, a modular platform would help Ferrari cut development time and share more parts within its lineup. The next generation of the Ferrari California is the first model expected to utilize the new platform and is predicted to be unveiled sometime next year.Related Video: News Source: Automotive News-sub.req., Altair ProductDesignImage Credit: GIUSEPPE CACACE/AFP/Getty Plants/Manufacturing Ferrari Coupe Lightweight Vehicles Performance Supercars