1990 Ferrari 348 Ts Targa Red/tan -- No Reserve on 2040-cars
1990 Ferrari 348TS TARGA Red/Tan Item Condition: Good condition although needs engine and transmission This auction is for my complete 1990 Ferrari 348 TS minus the engine and transmission. This car can be used as a project car or for parts. I have owned the car for over four years and the mileage displayed is 43K. Chassis/Suspension: Chassis #ZFFFG36A6L0087125. It brakes and steers good. The car is equipped with relatively new WP Ferrari Challenge shocks and springs. Exterior: The body is straight and the exterior red paint is in above average condition which still shines nice. No known accidents or body repairs. It has OEM glass with no rock chips. The Targa top also seals well. Interior: The carpets are in good condition. The tan leather seats have the usual wear and scuff marks. This car is also fitted with 355 door panels that are in good condition other than scuff marks. It has non-OEM window switches. Passenger side electronic shoulder belt mechanism doesn’t move. Powertrain: The engine, engine harness/electronics, transmission and clutch were professionally removed and are missing. I have sourced a reasonably priced transmission and clutch that is in excellent condition. The car does have the rear drive axles and wheel hubs, as well as the OEM muffler with exhaust tips. Electrical: There is no engine harness/electronics included with this vehicle. The chassis harness is included and the headlight and tail lights work as does the windshield wipers, and power windows. Missing Items: Engine, engine harness/electronics, transmission, clutch, rear plastic inner wheel wells, front trunk carpet insert, HVAC climate control display unit, rear center brake light, side Pininfarina emblems, and one wheel lug bolt. There may be one or two other smaller items missing, although I’m not sure what they would be. I have done my best to describe the car and any item that is missing. There is no warranty expressed or implied with the car. The car is sold as is and is available for local inspection. In line with normal ebay practices, please ask all questions and complete all inspections prior to the auction ending. Highest bidder must complete sale. If you don’t agree to these terms please don’t bid on my car. Bidders with less than 12 feed backs must contact me prior to bidding or their bids will be cancelled. A $500 deposit is required within 24 hours after the end of a successful listing. |
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Race Recap: 2014 Italian Grand Prix goes heavy on rescue and recovery
Mon, 08 Sep 2014In the two weeks it's taken Formula One to move from Belgium to Italy, fleet-footed rumor has outrun the driver transfer market - Fernando Alonso can't issue enough denials of a departure from Ferrari, McLaren isn't sure what it wants to do with its drivers, Lotus has found out why it stinks this year and that the problem can't be fixed this year, and Nico Rosberg is said to have donated a team-ordered six-figure fine to charity to atone for his Belgian waffling. Oh, and Lewis Hamilton regained his pole-grabbing form.
That's how the Mercedes AMG Petronas man found himself at the head of the grid for the Italian Grand Prix, ahead of his teammate Rosberg by a quarter of a second. And because the high-po Monza circuit loves a high-po Mercedes engine, Valtteri Bottas and Felipe Massa lined up in third and fourth for Williams, followed by Kevin Magnussen and Jenson Button in their McLarens. Alonso flattered the Ferrari again, lining up seventh, followed by the Infiniti Red Bull Racing duo of Sebastian Vettel and Daniel Ricciardo, but Sergio Perez in the Sahara Force India would make it seven out of ten for the Mercedes HPP engine program.
When the lights went out to start the race, Hamilton - and a few other top drivers - discovered that the work of recovery wasn't finished.
Ferrari family won't sell stake in company
Thu, Feb 19 2015Ferrari may be splitting off from the Fiat Chrysler Automobiles group and launching its IPO independently, but those stocks it's going to float are coming out of Fiat's hands. The small portion still held by the Ferrari family looks destined to stay in their control for the time being. According to the latest report from Reuters, Enzo's son Piero says he has no intention of selling any of the 10 percent interest he and his family hold in the company founded by his late father. "I have never sold and I have no intention of doing so," said Piero, as quoted in the report. Piero Ferrari is the illegitimate son of Enzo Ferrari and his mistress Lina Lardi. His half-brother Dino died in his twenties from complications associated with muscular dystrophy, and in accordance with Italian custom, Piero was only acknowledged as Enzo's heir after the death of the father in 1988. Representing the family's holdings, Piero still acts as vice-chairman of the company but devotes his day-to-day to running aerospace manufacturer Piaggio Aero. News Source: ReutersImage Credit: Marco Vasini/AP Earnings/Financials Ferrari stock piero ferrari
Michigan man gets jail time for Ferrari engine sale
Fri, Oct 30 2015Tax evasion is not something to mess about with. Ask Al Capone. For most of us that sell stuff, though, it's not something we really think about. Are you honestly going to pay taxes on that old iPhone 5 you sold? The couch with the questionable stain? No, because paying tax on something you sold for a relative pittance is just a pain in the butt. If you sell one of Aurelio Lampredi's Ferrari engines – used in a range of vintage racers, including the 750 Monza shown above – for over $600,000, you might want to make a point of paying the taxes on your profits. A Michigan man found that out the hard way, Reuters reports, after selling the Lampredi engine in 2009. 71-year-old Terry Myr of Smiths Creek, MI, was convicted in April of tax evasion and four counts of failing to file a tax return and was sentenced to two years in prison and two years of supervised release on Thursday. He was also ordered to pay $738,904 in back taxes, interest, and penalties – he already owed $195,000 in back taxes before his conviction – by a US District Court judge, Reuters reports. Now, this wasn't a simple case of Myr forgetting to set some money aside from the sale. The buyer wire-transferred the $610,000 into a corporate account he made the week prior. Then, Myr promptly withdrew $360,000, which he used to buy silver and gold coins, while the remainder was transferred to other accounts – be they personal or corporate – or simply used for checks to cash. Hence the tax evasion charge. According to Reuters, no explanation was given as to how Uncle Sam uncovered the engine sale in the first place. Related Video: