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Fiat Chrysler denies rumors that Ferrari SpA is moving to London

It seems that reports of Ferrari's relocation to London have been somewhat exaggerated. The past few days have seen more than a few stories on the legendary Italian brand's decision to move its tax base out of Italy, and now Fiat Chrysler is speaking out against the scuttlebutt. "These rumors have no grounds," FCA said in a statement obtained by Reuters. "There is no intention to move the tax residence of Ferrari SpA outside Italy, nor is there any project to delocalize its Italian operations, which will continue to be subject to Italian tax jurisdiction." Ferrari's move to London was based on two beliefs. First, that the company would benefit from being located nearer the investor community, should it be listed on a European exchange. FCA, though, said a European listing was only a "possibility," according to Reuters. Instead, the company will be listed on an American market. Aside from the move to benefit investors, it was believed Ferrari was looking to relocate to escape Italy's more oppressive corporate tax rate, which sits around at 31.4 percent, compared to the UK's 20 percent, Bloomberg reports. This denial by Fiat Chrysler, though, should be enough to close the book on Ferrari leaving Italy, no matter how much sense it might make. Related Video:

Incredible French barn finds could fetch over $18M [w/video]

We all dream about taking a drive and discovering the mythical barn find of a vintage Shelby Cobra or Porsche Speedster hidden way under a sheet, totally forgotten. An upcoming auction from Artcurial in France on February 6 proves that these treasure troves still really do exist, and this might be one of the ultimate barn finds ever. Decaying away on a French estate, there was a collection of about 100 dirt-covered cars that had been undisturbed for decades, according to The Telegraph. They included all of the great European marques, like Bugatti, Porsche, Maserati, Ferrari and many more. Most of the vehicles were underneath a shed but generally exposed to the elements; however, two very special sports cars were hidden away in a garage (pictured above). In there was a 1961 Ferrari 250 GT SWB California Spider with covered headlights. It was one of just 37 made and thought to be lost. Beside the Ferrari was a 1956 Maserati A6G Gran Sport Frua. The collection belonged to Roger Baillon, a French transport magnate, according to Artcurial. He amassed this wonderful collection, but when his business fell on hard times in the '70s, Baillon sold part of the group off. These were the ones he kept, but they eventually went forgotten. Artcurial thinks that only 60 of the cars are actually in salable condition, and they cross the block during the Retromobile Salon in February. The auctioneers believe the Ferrari could sell for as much as 12 million euros (14.74 million) and the Maserati for 1.2 million euros ($1.5 million). Check out the gallery to glimpse the breadth of classics in this collection. Be sure to scroll down for a must-watch, gut-wrenching, patina-laden video showing off the collection and for Artcurial's press release about the sale. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. ??PRESS RELEASE 05.12.2014 BREAKING NEWS: ARTCURIAL DISCOVERS A FORGOTTEN TREASURE IN FRANCE - SALE FRIDAY 6 FEBRUARY 2015 - ?1961 Ferrari 250 GT SWB California Spider • Chassis 2935 • Ex Alain Delon • Baillon Collection Estimate : 9 500 000 – 12 000 000 ˆ 1956 Maserati A6G Gran Sport Frua • Chassis 2140 • Baillon Collection Estimate : 800 0000 – 1 200 000 ˆ Paris – The Collectors' Car Department at Artcurial has discovered 60 collectors' automobiles, all major marques dating from the early days of the motor car through to the 1970s.

The SP275 RW Competizione is the latest one-off from Ferrari

They say money can't buy happiness, but I disagree. I'd be very happy if I had enough cash to have Ferrari's Special Projects team build me a bespoke variant of any one of its current crop of cars. The group's latest creation, the SP275 RW Competizione you see here, was shown for the first time at the year-ending Finali Mondiali event at Daytona International Speedway. Details are scarce, but the 275SP appears to be based on the Ferrari F12 Berlinetta in either standard or TdF guise. (The F12 TdF debuted at last year's Finali Mondiali.) Based on design elements like the louvers behind the wheels, it seems likely that the new model started as a TdF. That means special touches like a front-mid-mounted 769-horsepower V12 and rear-wheel steering. It also means a 0–60 mph time of 2.9 seconds. It's difficult to say how much the 275SP weighs, though the F12 TdF is about 240 pounds lighter than the standard F12 Berlinetta. Looks are subjective, so you'll have to decide for yourself whether the new styling queues, like a redesigned front fascia, hood, doors, and glass, are an improvement. It's unlikely you'll find this particular shade of gold on another Ferrari. To my eyes, it looks like the Solarbeam Yellow hue that's available on the Mercedes-AMG GT for $9,900. The takeaway should be that if you have the means, Ferrari Special projects will build whatever you want. Look to the F12 TRS or the F12 SP America for more examples. Money may not buy happiness directly, but it will sure as hell buy you a nice Ferrari. Related Video: Featured Gallery Ferrari SP275 RW Competizione View 16 Photos Image Credit: Copyright 2016 Drew Phillips / Autoblog Design/Style Ferrari Coupe Supercars ferrari f12 berlinetta ferrari f12 ferrari f12 tdf