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Party boy videos his night of drinking, driving - and downfall

So, I've thrown around the word "Schadenfreude" a lot around here. Roughly translated as "joy at another's misfortune," it's one of those lovely German-language compound words that perfectly sums up some part of the human condition. Another of my favorites is " B ackpfeifengesicht." This one translates as "a face in need of a fist." In this story out of Morocco about a rich young man drinking, driving, and crashing a Ferrari, both of those words come immediately to mind. According to NDTV, a 20-year-old spent a wild night on the town in Rabat back in April. The unnamed man spent his evening partying, drinking champagne, dancing at clubs, and racing his slate-colored Ferrari California around the city. Someone who was with him recorded the evening for posterity, and caught him drinking out of a bottle of champagne, completely annihilated, while driving and generally acting the fool. As you can imagine, the evening didn't end well for him. In the morning, he was still apparently drunk and driving around. He smashed into a small, silver sedan, which caved in that car's door and mangled the California's frontend. Unfazed, our man shot a little video of himself dancing around the crash scene, giving the cops lip, and smoking in the back of an ambulance. I guess he thought his wealth and status would get him out of trouble. Joke's on him, though. Morocco's official MAP news agency stated that the Ferrari driver was found guilty of driving while intoxicated and driving without insurance. For this, he got two years in jail and was slapped with a 2,000 euro fine. And that, friends, is Schadenfreude and B ackpfeifengesicht in action. Related Video News Source: NDTV Auto News Weird Car News Ferrari drunk driving morocco

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:

BMW hires Ferrari chief engineer Fedeli

There's going to be a little bit more Prancing Horse in some future BMWs because the Bavarian brand is hiring Ferrari chief engineer Roberto Fedeli to join the company in November. Fedeli's new position is still somewhat of a mystery though, and he reportedly might be lending his talents to the high performance M division or possibly even Rolls-Royce. When asked by Automotive News Europe, BMW said that it "currently can't say what his role will be."
Regardless of his new job, Fedeli was a big get for BMW because of his strong résumé. He has been with Ferrari since 1988 and led the engineering for the famous Italian automaker's vehicles since 2007. Fedeli tendered his resignation in September at around the same time that chairman Luca di Montezemolo announced his decision to leave the company. However, Ferrari told ANE that there was no connection between the two events.