1989 Ferrari Testarossa Base Coupe 2-door 4.9l on 2040-cars

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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").

Ferrari 250 TR recreation channels the spirit of Fangio

Peter Giacobbi grew up watching the likes of Juan Manuel Fangio and Phil Hill race cars like the Ferrari 250 TRs when he was a kid. Once he grew up – or at least grew older – he knew he had to have one to call his own. The trouble is that original Testa Rossas sell for tens of millions these days, and as accomplished as he may have been in his life and career, Giacobbi didn't have that kind of money to spend on a car. So he did the next best thing and built one of his own. Fortunately Giacobbi had some experience building exotic sports cars. He formed half of the duo that created the Sinthesis 2000, a one-off concept that he and designer Tom Tjaarda unveiled at the 1970 Turin Motor Show. And that project ended up serving as his interview for the job of chief engineer for DeLorean. So when he set to building his own Testa Rossa, he knew how to go about it. His recreation may not be 100 percent authentic, but then it's not entirely fake, either. The bodywork is genuine, as are many of the parts. The rest he faithfully reproduced or had made specially. The result, as you can see, is quite stunning – especially left bare in its hand-beaten aluminum form. Hear his story, see his project, and listen to that Colombo V12 engine sing in this latest video installment from the cinematographic artisans at Petrolicious.

Autoblog Podcast #397

Episode #397 of the Autoblog Podcast is here, and this week, Dan Roth, Steven Ewing, and Seyth Miersma talk about the leadership change at Ferrari, the Mercedes-AMG GT, and we give a report on the Long-Term Garage. We start with what's in the garage and finish up with some of your questions, and for those of you who hung with us live on our UStream channel, thanks for taking the time. Check out the rundown below with times for topics, and you can follow along down below with our Q&A. Thanks for listening!
Autoblog Podcast #397:
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