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Marchionne's FCA-GM merger might come after Ferrari spinoff

Sergio Marchionne is continuing to rumble about working out a merger with General Motors, but don't expect anything big to happen before at least early next year. That's because Marchionne would likely wait for the Ferrari spin-off to be complete before beginning his next big deal, according to Automotive News. While the Ferrari IPO on the New York Stock Exchange is expected in the coming weeks, that only concerns 10 percent of the shares. The remaining 80 percent of stock is being distributed among shareholders in 2016. Piero Ferrari holds the final 10 percent with no intention to sell. This strategy allows FCA to claim 80 percent of the Prancing Horse's profits in the automaker's 2015 financial results. According to Automotive News, the tactic has other advantages, as well. FCA would be flush with cash by waiting for the spin-off to be complete, and it would keep Ferrari separate if a GM merger actually happens. Marchionne thinks Ferrari could be valued at over $11 billion in the IPO, and it could make FCA $3.3 billion richer when complete. Marchionne believes a combined FCA/GM could sell 17 million vehicles a year globally and rake in $30 billion in earnings. In the CEO's opinion, the two automakers are wasting money by developing components to do the same things on their vehicles. Although, so far the General's top execs are rebuffing all of his advances.

Ferrari planning six-cylinder Dino revival?

Ferrari swore up and down when it was developing the California that it wouldn't be an "entry-level" model. Whether that ultimately proved to be the case or not is up for debate, but it seems that the Prancing Horse marque is now preparing to launch a properly more accessible model in the near future. According to Motor Trend, Maranello is working on a new six-cylinder sports car to serve as the point of entry for new customers – especially in China. Tax implications there could mean the V6 would displace less than 3.0 liters, but likely pack a pair of turbochargers to ensure that output and performance live up to the Ferrari standard. Tipped to arrive in 2019, the six-cylinder model could materialize as a revival of sorts of the Dino line. Named after Enzo Ferrari's first-born son, the Dino sub-brand used mostly six-cylinder engines to take on the Porsche 911 on and off the track. The Dino 206 GT emerged in 1968, evolved into the larger-displacement 246 the following year and ultimately gave way to the very different, eight-cylinder, four-seat 308 GT4 in 1973, later to be rebadged as a proper Ferrari once the Dino brand was put to rest in '76. It's worth noting that Ferrari developed the 3.0-liter twin-turbo V6 for the Maserati Ghibli and Quattroporte, which would presumably serve as the basis for the new entry-level Ferrari. Though FCA typically endeavors to keep its brands from competing directly with one another, Maserati is due to release a production version of the Alfieri sports car concept within the next couple of years, powered by that same engine, and could share its underpinnings with the Ferrari model in question. The six-cylinder Prancing Horse could carry a price tag of around $180,000 to take on the likes of the Porsche 911 Turbo, Mercedes-AMG GT, Audi R8 and the Sports Series which McLaren just kicked off with its new entry-level 570S. Related Video: News Source: Motor TrendImage Credit: Newspress Ferrari Coupe Performance v6 ferrari dino

Newlyweds crash rented Ferrari into a house

A newly married couple had a rough wedding day when they crashed their rented Ferrari into a house in Burnley, Lancashire. Lancashire Road Police tweeted a photo on April 17 of a white Ferrari 458 Spider that crashed into a row house. The crash folded the hood nearly in half and completely destroyed the car's front fascia but no one was injured, according to the Daily Mail. The car, worth a cool 240,000 pounds, or 342,500 dollars, is owned by a rental company called Platinum Executive Travel. The son of the company's owner, Aleem Iqbal, made a statement on Twitter after the crash, assuring his tens of thousands of followers that he was not at the wheel of the mangled Ferrari when it went into the wall. "Thanks for all the kind messages," Iqbal tweeted from his personal account. "I wasn't at the wheel and nobody was injured that's the main thing, have had a lot worse in business." In a follow up tweet he stated, "At least people in Burnley will have something to talk about for a few weeks." Iqbal's statement about worse things happening in his business is true, and this is not the first of PET's pricey supercars to be destroyed. Within a five-week period in 2014, arsonists destroyed four of PET's cars worth more than 500,000 pounds or 713,000 dollars. In one attack, a Lamborghini Aventador rented for a wedding was torched outside a house in Luton. Iqbal called that attack a "vile act of jealousy" targeting the family of the newlyweds. Weeks later, two Audi R8 Spyders and a Bentley Flying Spur were firebombed at the PET offices in Yardley. The Daily Mail has contacted Platinum Executive Travel for an official statement about the Ferrari crash, but has not received a response. The driver and passenger of the wrecked Ferrari were not identified. Related Video: News Source: The Daily Mail, The Mirror, TwitterImage Credit: Lancashire Road Police Weird Car News Ferrari Driving Performance Supercars rental car