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Ferrari and FCA are officially separated

It's been a long time in the making, but it's officially happened: Ferrari is no longer part of Fiat Chrysler Automobiles. Following the Italian automaker's initial public offering, it has officially split off from its former parent company. As part of the spin-off, FCA's stakeholders will each receive one common share in Ferrari for every ten they hold in Fiat Chrysler. Special voting shares will be distributed in the same proportions to certain shareholders as well. Those shares being distributed will account for 80 percent of the company's ownership. Another ten percent was floated as part of the company's IPO, while the remaining 10 percent is held by Enzo's son Piero Ferrari (pictured above at center), who serves as vice chairman of the company. The shares will continue to be traded under the ticker symbol RACE on the New York Stock Exchange, and will begin trading this week as well under the same symbol on the Mercato Telematico Azionario, part of the Borsa Italiana in Milan. Since the extended Agnelli family headed by chairman John Elkann (above, right) holds the largest stake in FCA, expect it to continue controlling the largest portion of Ferrari shares as well. Between them, nearly half of the shares in the supercar manufacturer – and we suspect a little more than half of the voting rights – will be controlled by the Agnelli and Ferrari families, who are expected to cooperate to ensure the remaining shareholders don't attempt a takeover of the company. Similar to its former parent company, which operates out of Turin and Detroit, the Ferrari NV holding company is nominally incorporated in the Netherlands, but the automaker will continue to base its operations in Maranello, Italy. That's where it's always been headquartered, on the outskirts of Modena. For the time being, Sergio Marchionne (above, left) remains both chairman of Ferrari and chief executive of FCA – a position to which he is not unaccustomed, having previously headed both Fiat and Chrysler before the two officially merged. Related Video: Separation of Ferrari from FCA Completed LONDON, January 3, 2016 /PRNewswire/ -- Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA) and Ferrari N.V. ("Ferrari") (NYSE/MTA: RACE) announced today that the separation of the Ferrari business from the FCA group was completed on January 3, 2016. FCA shareholders are entitled to receive one common share of Ferrari for every 10 FCA common shares held.

Ferrari builds one-off hybrid F12 TRS roadster

When Ferrari makes an open-top version of one of its V12 super-GTs, it typically comes in particularly low production numbers. Maranello only made 448 examples of the 550 Barchetta Pininfarina, 559 of the 575 Superamerica and 599 units of the 599 SA Aperta. What we have here, however, is not just the first F12 roadster we've seen yet, but also the most exclusive.
Called the F12 TRS, it's obviously based on the F12 Berlinetta, but with some key modifications. Not the least of which is the open-top body-style (which may or may not have a folding roof mechanism of some kind), coupled with some unique bodywork like a cowled rear deck and reshaped hood. But the TRS (which we can only assume is some tribute to the 250 Testa Rossa) is also said to pack an F1-derived KERS hybrid assist, presumably similar to the one in the LaFerrari - or more poignantly, in the 599 HY-KERS concept - to give the 6.3-liter V12 even more juice than the prodigious 730 horsepower it produces in stock Berlinetta form.
The vehicle, apparently spotted in the garage at the company's Fiorano test track, appears to be a one-off built by Ferrari's Special Projects division for one discerning and evidently very wealthy customer who is said to have paid $4.2 million for the privilege.

Ares Design turns the Ferrari GTC4Lusso into a 412 revival

Ares Design has a second project on the go for this year, after its beautiful Ares Design Coupe for the Bentley Mulsanne. The Modena, Italy, coachbuilder released renderings of its Project Pony — Ares gives "Project" codenames to cars in development — that turns a Ferrari GTC4Lusso into a modern 412. The conversion is the next in the firm's Reborn Legends group, coming after the reimagined Ferrari 250 GTO based on the 812 Superfast. This particular writer is ambivalent about the GTC4Lusso and a huge fan of the 412, so I think Project Pony an outstanding way to turn a shrug into "Buy with One-Click." For those unfamiliar, the 412 was a passionately unloved four-seat Ferrari from the 1980s, the last in a series of front-engined V12 grand tourers that began with the 1972 365 GT4 2+2. Named for the displacement of a single cylinder, the engines got larger and more advanced, through to the 412 that ended production in 1989. The 1985 model introduced the brand's first automatic transmission, a General Motors unit just as derided as the rest of the car, but which sold better than the manual. This was the era when Tom Selleck's Magnum P.I. made the 308 a must-have poster, when Don Johnson's Testarossa made every boy question the payroll policies of the Miami Police Department, when the 288 GTO showed what a car would look like if it were half "The Godfather" and half Sophia Loren, and the F40 generated gravitational waves. The 412, meanwhile, lived in a damp hut on marsala dregs and stale polenta. Ares Design retained the GTC4Lusso's side vents but without the strakes, the door handle, and taillight arrangement. Every other exterior line got redrawn. New carbon fiber body panels include pop-up headlights in front and transverse vents on the hood. The bread-van profile gives way to a sharply raked C-pillar that falls into a gently sloped trunk just long enough to balance the front end. The rear diffuser shoots up to mimic the original coupe. Chrome frames the side glass and B-pillar for an authentic '80s look, with the retro 412 wheels the finishing touch. The reupholstered 2+2 interior replaces the rounded forms on the instrument panel with squared-off angles, down to the square vents instead of the original round units. There's a round steering wheel, too, as opposed to the flat-bottomed GTC4Lusso wheel.