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

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Lawsuit alleges Ferrari diagnostic tool used to roll back odometers

A longtime Ferrari salesman is accusing a Palm Beach dealership of using Ferrari's DEIS diagnostic tester tool to reset a 2015 LaFerrari's odometer, driving the supercar's value up by over $1 million. The lawsuit alleges that in October 2015, a technician at New Country Motor Cars reset the digital odometer of the LaFerrari in exchange for cash from its then-owner. What makes the lawsuit especially interesting is that it says using the DEIS tester to perform a rollback would require logging in with Ferrari North America, and alleges the technician was on the phone with Ferrari NA during the operation. The odometer-tampering allegation came up as part of the plaintiff's wrongful-termination claim against New Country Motor Cars. The lawsuit also alleges the tester has been used for this purpose beginning in April 2010, along with a written Ferrari policy manual and instructions and factory authorization, and was performed as recently as March 2015 during official Ferrari factory technician training in Italy. Odometer tampering is a dodgy business and a federal crime, no matter whether you're turning back the reading of an old taxi or a Ferrari worth millions. The lawsuit was first reported by the British Daily Mail, and subsequently covered by Jalopnik. The lawsuit has produced a countersuit by the owner of the LaFerrari in question.Related Video:

Ferrari FF pitted against Oldsmobile Vista Cruiser in crazy Generation Gap comparison

The folks behind Generation Gap have lost their minds with this latest video. The goal here is to determine the ultimate family cruiser, but the choices are what you would least expect, with a heavily modded 1970 Oldsmobile Vista Cruiser going up against a 2012 Ferrari FF.
You might anticipate an over-40-year-old Oldsmobile to pale in comparison to any modern Ferrari, but this wagon has a ton of secrets under its skin thanks to Lingenfelter. First, it packs a supercharged LS3 V8 with a claimed 650 horsepower and a six-speed manual gearbox. That big upgrade in power is further helped with air suspension and massive Wilwood disc brakes. The result is nothing short of deafening, with blaring yelps whenever the driver even nudges the accelerator.
The alternative sounds just as good, albeit in very different way. The Ferrari's 6.3-liter V12 pumps out 651 hp and 504 pound-feet with a part-time all-wheel drive system. While the FF lacks a lot of the hauling ability of the Olds, it makes up for the deficit in handling, luxury, and in many eyes, simply by having the famous prancing horse on the grille.

FCA delays distribution of Ferrari shares

Even if you can't afford an actual Ferrari, soon you can own a part of the famous company thanks to its upcoming initial public offering. FCA will put 10 percent of the Prancing Horse on the market in the third quarter of this year. However to reap extra money for 2015's bottom line, the rest of the sports-car maker's stock will remain undistributed for a little longer. According to Automotive News, the strategy is quite simple to understand. FCA is holding off until the first quarter of 2016 to divvy up the remaining Ferrari stock to shareholders. By doing so, the automaker gets to claim 80 percent of the Prancing Horse's profits for its 2015 financial numbers. While FCA is already showing strong results through Q1 2015, being able to add extra cash on the balance sheet is always a plus. FCA hasn't set a specific date for the IPO, but Ferrari stock was announced to be traded in the US and possibly on a European exchange, as well. According to Automotive News, FCA currently owns 90 percent of the company, and Piero Ferrari has the remaining 10 percent, which he isn't selling. Related Video: