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New Ferrari 488 variant spied at the 'Ring

Most Ferrari models eventually give birth to various special-edition or short-run variants. The Ferrari F12berlinetta gave way to the F12tdf. The Ferrari 458 Italia signed off with the wonderful 458 Speciale. It looks like the Italian automaker's current mid-engine V8 offering, the 488 GTB, is ready to spawn a variant of its own. Exactly what the model might be remains to be seen. There are plenty of rumors surrounding the car. This could be a focused, track-ready version in the vein of the 458 Speciale. If that's the case, look for more power, less weight, and improved aero. The car should pack bigger brakes, a stiffer suspension, revised tuning, and a bare-bones interior. There are also rumors that the car will pack a KERS system similar to the one run on Ferrari's Formula 1 cars. That should provide an extra bit of electrical boost. A car like this is almost a given. The past few mid-engined Ferraris have all had a high-performance variant. Then again, this car could also be the lower-powered, less-expensive Ferrari Dino that's been whispered about for a while. If that's the case, look for a lower horsepower V8 (or even a V6, if Ferrari would be so bold). It would likely stack up against the McLaren 570S and Lamborghini Huracan 580-2. This may come as a shock to some, but Ferrari has made no bones about expanding production. A relatively low-cost model could easily boost sales. The car in these photos gives no real indication as to what it may be. There's thin plastic camouflage covering most of the car. As always, it's difficult to tell what may have changed, but it looks like there have been revisions to the front bumper. The glass over the engine cover has been draped with a thin sheet of plastic, hiding what rests beneath. Ferrari has been mum on the model, but this isn't the first time we've seen the car out. Look for more news this fall. Related Video: Featured Gallery Ferrari 488 spy shots View 14 Photos Image Credit: Car Pix Spy Photos Ferrari Coupe Performance Supercars ferrari dino ferrari 488 ferrari 488 challenge

Ferrari to pay Fiat Chrysler $2.8B prior to spinoff

Fiat Chrysler Automobiles is trying to get capital together in a hurry to finance the automaker's growth plans. Among its strategies to raise money, Ferrari will be spun off from the FCA mothership next year with an initial public offering. However, the Italian supercar maker will be a couple billion dollars poorer at the start of its new life.
According to a filing with US regulators obtained by Automotive News, FCA intends to "enter into certain other transactions including distributions and transfers of cash from Ferrari currently estimated at 2.25 billion euros ($2.8 billion)" before it spins the supercar maker off. Those funds might include paying a dividend to investors, and FCA possibly transferring some of its debt to the Prancing Horse.
The Ferrari IPO will likely be in the second or third quarter of 2015, according to Automotive News. Ten percent of the automaker will go onto the public market in the US and possibly Europe too, and 80 percent will be distributed among current FCA shareholders. The other 10 percent is held by co-chairman Piero Ferrari, according to AN.

Ferrari celebrates Singapore's independence with special F12

Singapore is marking 50 years of independence this year, and Ferrari is celebrating the occasion with a one-off F12 Berlinetta. The SG50 edition was ordered from the Tailor Made program by Ital Auto, the official Ferrari importer for the Southeast Asian metropolis. The model is distinguished by a special red and white livery that mirrors the colors of the Scuderia and the country's flag. The bodywork is done up in a custom shade of metallic red called (appropriately enough) Rosso Singapore. It's offset by Bianco Italia racing stripes, wheels, wing mirrors, and aero appendages, including the front spoiler, side sills, and rear diffuser. The treatment continues inside the two-seat cockpit with a mix of black leather and technical fabrics, offset by red and white accents and a Singaporean lion emblem on the headrests. The words "Singapore 50th Anniversary Edition 1/1" adorn the sill plate and lower rim of the steering wheel. Of course most of us will never see this particular F12 up close. But until Maranello takes the wraps off the anticipated enhancements for the Berlinetta, this gives us an idea of the possibilities available to buyers of the 12-cylinder super-GT. Related Video: