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Ferrari stock sale pegged for October, or later

The Ferrari IPO is still coming, but it won't be before Columbus Day (Monday, October 12, that is), according to Fiat Chrysler Automobiles CEO Sergio Marchionne. The outspoken exec is blaming tax reasons for the fourth-quarter date, according to a report from Reuters. Marchionne said a full year needed to pass between FCA's October 13, 2014 Wall Street debut and any additional listing. This isn't the first delay in the Ferrari IPO. FCA was originally supposed to make a 10-percent offering of Ferrari during second or third quarter of 2015, before officially pushing things back to the third quarter of this year. Now, it's unclear if Ferrari will even go public before the dawn of 2016. Related Video: News Source: ReutersImage Credit: Marco Vasini / AP Earnings/Financials Government/Legal Chrysler Ferrari Fiat Sergio Marchionne FCA fiat chrysler automobiles

Vettel hopes to pull off some Ferrari 'tricks' to end Mercedes F1 dominance

MONTREAL — Sebastian Vettel says Ferrari has a few tricks up its sleeves for this weekend's Canadian Grand Prix and will need to conjure up something special if it is to end Mercedes' magical run. Six races into the season, Vettel is not ready to wave the white flag and concede the title to Mercedes, which has racked up six straight wins, five of them with 1-2 finishes. But the German admits the battle had reached a critical juncture. "The next races will be really crucial for us to try and get back to the front and give a much harder time to Mercedes," said Vettel, who finished second in Monaco last month for Ferrari's best result so far this season. "It will be crucial to do it rather sooner than later, but at the moment I am not too fussed, I am not looking at, 'OK this is the date.' "Clearly we are behind, clearly there is a big margin between Mercedes and the rest and we have to lose that gap and get ahead otherwise it will be difficult to turn around. "That is as much realism as you can get."Vettel won from pole position in Canada last year and Mercedes has suggested the high-speed circuit could again favor Italian rivals whose season has yet to get into gear. But Mercedes drivers Lewis Hamilton and Valtteri Bottas will like their chances as well on the Circuit Gilles Villeneuve. Hamilton was fastest in Friday's early practice, but damaged his car when he hit the wall in the afternoon. The five-time world champion sits 17 points clear of Bottas at the top of the standings and in his bid to equal Michael Schumacher's seven Canadian Grand Prix victories between 1994 and 2004. Not that Mercedes needed another boost, but Hamilton and Bottas will have new and upgraded engines in their cars for this weekend's race. Ferrari has already introduced its first upgraded powerplants of the season, but Vettel was optimistic tweaks to the car would benefit them on a circuit that plays to some of their strengths. "There is always little tricks you can do, the question is whether they make a difference," Vettel said. "But I am not sitting here trying to paint things black we haven't done a single lap this weekend so I am quite optimistic it was a strong track for us last year. "We have some tricks up our sleeves whether they work or not we will see.

Ferrari 488 Special Series V8 named Pista in leaked photos

Ferrari Photo Page leaked Ferrari's presentation of the 488 Special Series last month. Today, the site's Instagram has what appear to be press shots of the coming Ferrari that reveal the coupe's name: 488 Pista. The word "Pista" means "track" in Italian, and it would be the next peak in the lofty range already notable for the 360 Challenge Stradale (Road), 430 Scuderia (Team), and 458 Speciale (Special). We also get a few potential specs, namely a rumored 721 horsepower. If the press photos are accurate — everything in front lines up with the blurry screenshot from the recent teaser vid — we can begin to see how Ferrari increased aerodynamic efficiency by 20 percent over the standard 488 GTB. Autocar says Ferrari's aimed at the 340 kilograms of downforce produced by the Porsche 911 GT2 at 155 miles per hour, 15 kg more than achieved by the 488 GTB. Instead of a hood carved out with two deep scallops as on the 488 GTB, nearly the entire span of the hood on the 488 Pista plunges before reaching the leading edge. In back, a large, heavily dished wing tops a new rear fascia, its center span hovering a few inches above the bodywork. Below, a much more aggressive rear diffuser sits between vertical vents at the flanks. The interior doesn't look much changed, but note the carbon fiber floor instead of floor mats, the leaner center tunnel area, and shift selector buttons on a stalk styled after the one in the LaFerrari. A reveal at the Geneva Motor Show seems likely, where we'll look forward to detailed specs on that engine derived from the 488 Challenge race car but 10 percent lighter. Based on what we've seen so far, a Geneva debut will be thrilling no matter how much of the 488 Pista leaks before then. Related Video: Featured Gallery Leaked Ferrari 488 Pista Images News Source: Ferrari Photo Page Rumormill Geneva Motor Show Ferrari Coupe Luxury Special and Limited Editions Performance Supercars 2018 Geneva Motor Show ferrari 488 ferrari 488 pista