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FCA likely won't sell more than 10% of Ferrari stake

The initial public offering of Ferrari on the stock market is likely coming in the second or third quarter of this year, but apparently the exact stake of the Prancing Horse set to hit the exchange isn't final. When FCA first announced the plan to spin off Ferrari, the idea was for 10 percent of the stock to go on the open market in the US and maybe also in Europe. Another 10 percent would go to company vice chairman and Enzo's son Piero Ferrari, and the remaining 80 percent would be divided among current shareholders, including a large portion for the Agnelli family. FCA CEO Sergio Marchionne hasn't finished tweaking those numbers, though. Last month, he indicated the automaker might put more than 10 percent of Ferrari on the market to boost liquidity. However, the original proposal has now returned to the table. "I don't believe we will go above 10 percent," Marchionne said, according to Automotive News, but also noted things weren't final. By increasing the Ferrari stock on the open market for the IPO, FCA decreases the amount going to current shareholders, according to Automotive News. With that being the case, don't expect too much of the Prancing Horse to be offered up to investors when the stock hits the market. Related Video:

Autoblog remembers its favorite Ferrari models of the Montezemolo Era

Italian cars have a reputation for drawing out the fiery, emotional and passionate sides of car enthusiasts - something that becomes abundantly clear when you ask a group of Autoblog editors to rank a list of their favorites.
With the departure of Luca di Montezemolo from Ferrari being fresh on our collective minds today, your friendly team of editors started pleasantly discussing which of the cars launched during his era was our favorite. The conversation was rousing, so we thought it would be entertaining to put the choices to a quick ranked vote, and bring you a sort of Editors' Choice list for road-going Ferraris from the 1990s through today.
Then, of course, all hell broke loose.

Take a peek inside the cockpit of the Ferrari SF90 Stradale

The Ferrari SF90 Stradale has just been revealed, and the most important thing to know is that it's Ferrari's most powerful production car yet with 986 horsepower. The next most important thing to know is that it's a plug-in hybrid with a turbocharged V8. The powertrain features Ferrari's most powerful V8 yet making 769 horsepower and 590 pound-feet of torque on its own. It also has three electric motors with two at the front and one in the back, and combined they can provide up to 217 horsepower. This also means that the SF90 Stradale is all-wheel-drive. Getting power from the internal combustion powertrain to the wheels is an 8-speed dual-clutch transmission that shifts 100 milliseconds faster than the transmission in the 488 Pista, but it also weighs about 22 pounds less than Ferrari's existing 7-speed dual-clutch transmission. This is due in part to not needing a reverse gear, since reverse is handled by the front motors. In total, the SF90 weighs in at 3,461 pounds. And at 155 mph, the aerodynamics add 860 pounds of downforce. When everything is deployed on pavement, it hits 62 mph in just 2.5 seconds. And for Ferraristi, it lapped the Fiorano test track in 1 minute and 19 seconds. Of course being a plug-in hybrid, it does have a full electric range. It's a bit short at 15.5 miles. Then again, this isn't entirely about fuel economy; the electric motors allows for torque vectoring, and provide extra traction on launch and help fill in any throttle lag from the gas engine. Ferrari SF90 Stradale interior View 3 Photos The interior is high-tech, too. The instrument cluster is a huge 16-inch display. The steering wheel now features touch pads for controlling the instrument cluster, too. You won't see Ferrari's traditional manual transmission selector between the seats. Shifting duties are handled by paddles mounted to the steering wheel. It's also worth noting that this is the first Ferrari that features a head-up display. Want one? Deliveries are scheduled to begin in the first quarter of 2020.