2003 360 Modena * F1 * 10k Miles * Race Seats * Challenge Grills * Belt Serviced on 2040-cars

Auto blog

Ferrari's stock price falls off a cliff

The stock price skidded. The stock price stalled. Use whatever automotive analogy you want. It was a bad day for Ferrari on the New York Stock Exchange. Warning that sales growth would slow because of the economic slump in China, Ferrari NV watched its stock price slump accordingly. Shares of the company were down more than 13 percent in afternoon trading, falling to $34.64. Sprung from the Fiat Chrysler Automobiles less than four months ago, Ferrari's stock has lost a third of its value since its October initial public offering and is nearly half the price of its $62 high set days after the IPO. In a conference call with investors, chairman Sergio Marchionne said the company expected to ship approximately 7,900 vehicles this year. Marchionne said the company would be "fine" over the long term as long as it maintains a decades-long philosophy of maintaining strong demand. That means Ferrari won't follow some of its sports-car competitors who have broadened their vehicle portfolio's with the addition of SUVs. Marchionne bristled at such a suggestion. "You have to shoot me first," he told Bloomberg. But never say never? Previously, Ferrari had restricted its output to 7,000 vehicles per year. The company is already past that number, and Marchionne foresees the possibility that it could rise to approximately 9,000 by 2019. In a regulatory filing, Ferrari said, "we believe we can grow in a controlled manner while preserving the exclusivity of our brand by continuing to explore controlled growth in emerging markets to capitalize on the substantial wealth creation and the growing affluent populations in those markets." For now, those markets won't include China. Shipments there decreased 22 percent in 2015, even as worldwide output increased. Related Video:

Ferrari 488 Pista Prototype Drive | Pants-soiling straight-line performance

Independent studies confirm that Lotus Elise drivers are 221.6 times more likely to spontaneously dispose of light-colored undergarments after driving on curvy roads. That's because the weight distribution of a mid-engine car encourages novice drivers to inadvertently ask the rear wheels to pass the fronts in the middle of a corner. Adding insult to staining, the layout's resulting low polar moment of inertia ensures that this rotation happens more quickly than the average person's sphincter-startle clench reflex. The flip side is that even the most powerful mid-engine cars have enough weight over their rear wheels to make straight-line acceleration a worry-free affair. Well, they used to. Full-throttle acceleration in the Ferrari 488 Pista is genuinely terrifying. Wheelspin is a genuine threat at any road-legal speed — and when that happens, its rear end steps out with the same violence as the car accelerates. And that is saying something. The 488 Pista is diabolically quick. Like, hallelujah-hold-on-tight, praise-the-lord, scream-like-a-child and slap-yo-momma quick. Or, in slightly more objective terms, the Ferrari's claimed 7.6-second sprint from a standstill to 200 km/h (124 mph) is but 0.3 second behind that of the 1,000-hp Bugatti Veyron 16.4. When we say quick, we mean QUICK. Perhaps too quick for the road, so it's a good thing the car is literally named after the track. The Pista is the latest in the lineage of harder-core Ferraris that began with the 360 Challenge Stradale. The 360CS, like the F430 Scuderia ("Team") and 458 Speciale ("Special") that followed, was a little quicker than the regular car, a little more devoid of creature comforts and a lot louder. The same basic recipe applies to the 488, though in its transition from GTB to Pista (say "peas-ta"), its engine gets a bigger power boost than any of its predecessors. Boasting 720 metric horsepower, or 710 American ponies, the Pista makes 49 hp more than the already absurdly powerful 488 GTB. The expected weight-savings measures are also present, accounting for a claimed 198-pound reduction in total mass. Ten-percent-stiffer springs and recalibrated magnetorheological dampers offer tighter body control, and Michelin Sport Cup 2 tires conspire with those changes to generate massive cornering grip. But more on that later — the star of this prototype preview drive was the engine, Ferrari's award-winning 3.9-liter flat-plane-crankshaft V8.

UK collector pays $800k for license plate '25 O'

You can't get a vanity license plate in the UK, but Brits have proven their willingness time and time again to part with huge amounts of cash in order to get a particularly desirable number to put on the front and back of their high-priced machinery. This time, a Ferrari collector paid over $800,000 for the license plate "25 O." The princely sum of GBP518,000 – equivalent to over $814k at today's rates – was paid by John Collins, owner of classic car broker Talacrest. Collins reportedly intends to put it on his Ferrari 250 GT SWB. What's more is that he had just paid another GBP130,320 ($205k) for the license plate "250 L" that he plans to put on his 1964 Ferrari 250 GT Lusso, the long-wheelbase touring version of the same vehicle. The winning bids were placed at an auction held by the UK's Driver and Vehicle Licensing Agency – the 150th such auction held by the government office, marking its 25th anniversary. The "25 O" plate broke the event's previous record of GBP357,000 ($560k), paid in March 2009 for plate number "1 D." In 2008 noted tuner Afzal Kahn bought the license plate "F1" for GBP440,000, which is less than what Collins paid for "25 O" but different exchange rates worked that out to $870k at the time. Kahn was said to have turned down a $9 million offer for that plate last year. DVLA PERSONALISED REGISTRATIONS SETS A NEW BRITISH RECORD AS 25 O SELLS FOR GBP500,000 DVLA Personalised Registrations has set a new British record for a personalised registration sold by the Agency after 25 O was bought for more than GBP500,000. Incredibly, John Collins, who, as owner of Talacrest, is regarded as one of the world's leading collectors and dealers of classic Ferraris, bought 25 O for GBP518,000 less than three hours after successfully buying 250 L for a staggering GBP130,320. Both sums include fees and take the total amount paid by the businessman to GBP648,320. Both are among the 1,600 registrations being auctioned by the Agency as part of its 25th Anniversary three-day auction – and also 150th live sale – currently being held at The Vale Resort near Cardiff. Both registrations will be placed on two of the world's most exclusive cars; 250 L will head onto a rare 1964 Ferrari Lusso, while 25 O will sit on the Ferrari 250 SWB once owned by the rock singer Eric Clapton.