Special Order Blu Scozia Exterior Paint, Charcoal Interior, 987 Miles, Flawless! on 2040-cars

Auto blog

F1 driver underestimates talent needed for wet-weather burnout

Whoops. That's a word nobody wants to hear in racing, and that's especially true in Formula 1, where the cars cost untold millions to design, develop, build and operate. In other words, just about any 'whoops' is an expensive 'whoops.'
Kamui Kobayashi, who made his F1 debut in 2009 driving for Toyota, has always been known as a bit of a wild card in the sport. He is notoriously difficult to pass, driving as he does with seemingly reckless abandon, and he's not afraid to get tangled up with the world's best drivers in the world's fastest race cars.
That brash attitude sometimes serves him well. Other times... well, not so much. See what happens with Kobayashi tries to show off in a Ferrari F1 car for fans on a wet track in Moscow in the twin videos below.

Final Ferrari LaFerrari Aperta sells for $10 million

All Ferraris are expensive, but some are more expensive than others. The Ferrari LaFerrari Aperta is the current king of the mountain, with just 209 examples built, at least so far. A few weeks ago, the Italian automaker announced it would be building one last example, putting the total production number at 210. The car went up for auction this past weekend, and, with a final sale price of about $10 million, the car more than doubled the initial estimates of $3.5 million to $4.7 million. What's a few more million if it's all going to charity? The LaFerrari Aperta is basically the open-top version of the standard LaFerrari. The 210th example was built to celebrate Ferrari's 70th anniversary as an automaker. We're not sure that the owner of the 209th model will be too happy that their car is slightly less special, but we're sure they can drown their sorrows with a screaming V12. The 210th model will wear a special livery that's basically a few white stripes over classic Ferrari-red paint. $10 million is a lot of dough for a car that hasn't actually been built yet. Technically, the winning builder bought the rights to the 210th car, not the car itself. According to Autoweek, all proceeds from the auction will benefit Save the Children, an organization that helps disadvantaged children around the world. The LaFerrari Aperta just beat out this gorgeous 1 959 Ferrari 250 GT LWB California Spider by Scaglietti that sold for $9.5 million. Related Video: News Source: RM Sotheby's Green Ferrari Auctions Convertible Supercars ferrari laferrari ferrari laferrari aperta

FCA launches Ferrari IPO

It's been a long time coming, but the moment is finally upon us: Ferrari is hitting the stock market. Its parent company Fiat Chrysler Automobiles has announced the launch of Ferrari's initial public offering – almost exactly a year to the day since FCA launched its IPO (pictured above). And with it, FCA is starting the process of separating the Maranello-based exotic automaker and racing team away from the rest of the Italian-American industrial empire. The plan filed with the US Securities and Exchange Commission (SEC) calls for FCA – which owns 90 percent of Ferrari – to float 17,175,000 common shares on the New York Stock Exchange. That amounts to nine percent of Ferrari's common shares. Another 1,717,150 common shares (equal to 1 percent) will be offered to the underwriters of the IPO. The remaining 80 percent interest in the Prancing Horse company will be separated from the rest of FCA and distributed to the parent company's shareholders – of which Exor, the Agnelli/Elkann family's holding company, is the largest, holding a stake of about 30 percent. Currently registered as New Business Netherlands NV, the company is soon to be renamed Ferrari NV. And while it's nominally based, like its (soon to be former) parent company, in the Netherlands, there's no reason to anticipate at this point that Ferrari will move its operating headquarters away from its current and historic home in Maranello, on the outskirts of Modena in Italy's "supercar valley." The IPO is expected to be priced at or around $50 per share (give or take a couple of bucks), which would value the company at around $10 billion. Trading won't actually commence, however, until all the SEC filings are complete. At that point, the company will be listed on the NYSE under the symbol RACE. And whether you yourself are actually interested in trading in Ferrari shares or not, that could be one of the best parts of the announcement. FCA Announces Launch of Ferrari Initial Public Offering LONDON, October 12, 2015 /PRNewswire/ -- Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MI: FCA) ("FCA") and its subsidiary New Business Netherlands N.V. to be renamed Ferrari N.V. ("Ferrari") announce today that Ferrari has launched its initial public offering ("IPO").