18k Low Miles 2004 Ferrari 360 F1 Convertible Spider Shields Daytonas on 2040-cars

Auto blog

Race Recap: 2013 Bahrain Grand Prix follows the template of this year and last [spoilers]

The sand, the wind, the penalties, the contact and the one crash - all of them collided to make the Bahrain Formula One Grand Prix a surprise affair from day to day and lap to lap. Oh, and did we mention the tires? Pirelli made a last-minute swap after the amusement park ride that the Chinese Grand Prix turned into with the soft compound tire, and brought medium and hard compounds to the desert. That didn't stop things from falling apart for some teams - literally - and that didn't stop the one team that seems to love the hard compound Pirelli tire.

Ferrari IPO could come any day now

According to Bloomberg, Fiat Chrysler Automotive Sergio Marchionne told reporters at the Toronto Global Forum that the Ferrari IPO could come any day now. "We are days away from filing the prospectus," said Marchionne, who declined to confirm whether rumors of involvement from UBS Group AG, JPMorgan Chase & Co and Goldman Sachs Group were accurate. In addition to an expected filing in New York, Marchionne hinted that a secondary filing could take place in Milan, Italy. Although the FCA Chief Executive didn't offer any expected sum for Ferrari, he had previously suggested that an IPO for the iconic Italian brand could be worth $1 billion, ringing the registers to the tune of 10 percent of the company's $11 billion valuation. According to Bloomberg, that potential sum is significantly higher than its own internal figures indicate after taking a poll of analysts who we assume must know a heck of a lot more about such things than we do. Considering how close we apparently are to the actual filing, though, we probably won't have to wait long to find out. Another hot topic any time Sergio is the subject of reporter questioning is a potential merger with General Motors or another large, full-line automaker. It seems there aren't any new revelations to reveal on the consolidation front, though Marchionne told reporters there were no plans to mount a hostile takeover of GM or any "other, less optimal" partners. Related Video: News Source: BloombergImage Credit: STR/AFP/Getty Earnings/Financials Chrysler Ferrari Fiat Sergio Marchionne FCA

New Ferrari F1 car looks like a big step up, says Sebastian Vettel

SILVERSTONE, England — Ferrari's new SF71H Formula One car already looks a big step up from last year's before it has turned a wheel in anger, four-time world champion Sebastian Vettel said at Thursday's unveiling. The sport's oldest and most successful team is hoping the car, with more red and less white in the livery following the departure of sponsor Santander, will take it to a first championship in a decade. Vettel won five races last season but finished runner-up to Mercedes' Lewis Hamilton, who is now also a four-time world champion. "Now is the time when you see the car, it's all ready and you want to get in and go out on the track and have a go," the German told guests at the Italian team's Maranello factory. "To stand here now is very special for all of us. I think they are all waiting for us to say how it feels. So we can't wait to get out on track to see how the car performs, how it behaves. "I think that's the answer that we all want to hear, and we go from there. For sure, the amount of effort that has gone in and the attention to detail in so many areas is impressive." The presentation, online and through social media channels, came on the same day that Mercedes was showing off its new F1 W09 car. In an act of sportsmanship, the British-based team made sure reporters attending their event at Silverstone could watch the Ferrari unveiling on television screens during a break for lunch. Ferrari technical head Mattia Binotto said the car, narrower and with a slightly longer wheelbase as well as more aggressive sidepods, was an evolution of the 2017 car, which performed well on slower speed circuits but lacked reliability. "Every little detail matters, every part can make a difference, and I think this year's car is a big step from last year's," declared Vettel, whose four titles were with Red Bull between 2010 and 2013. Finnish teammate Kimi Raikkonen, who is now 38 and out of contract at the end of the season, said it looked good despite the addition of the now-mandatory halo head-protection device. "When it looks nice, the speed is also there. But obviously we will see that next week," said the 2007 world champion who will be testing the car with Vettel at Barcelona's Circuit de Catalunya next week. Reporting by Alan BaldwinRelated Video: