2005 Ferrari 360 Spider on 2040-cars

Auto blog

Ferrari to list stock on Italian exchange

Ferrari announced Monday it will list its stock on the Mercato Telematico Azionario – the main section of the Borsa Italia stock exchange in Milan. The news comes a little over a month after the exotic automaker launched its initial public offering on the New York Stock Exchange. The company's stock listings are the culmination of a long process that dates to the merger of Fiat and Chrysler, if not earlier. Once the two auto giants came together, they merged their brand portfolio under one umbrella, incorporating the Dodge, Ram, Jeep, Alfa Romeo, and Maserati brands, as well as Mopar, Lancia, Fiat Professional, and the Fiat and Chrysler brands themselves. Ferrari, however, was deemed a separate entity, even after FCA chief Sergio Marchionne wrested control of the Maranello-based outfit from longtime chairman Luca di Montezemolo. Almost exactly one year after FCA launched its IPO on the NYSE, Ferrari did the same. Nine percent of its common shares were listed under the symbol RACE. Another one percent was offered to the listing's underwriters. Ten percent remains in the hands of Enzo Ferrari's family, led by his son and company vice-chairman Piero Ferrari. And the remaining 80 percent will be distributed among FCA's shareholders. FERRARI APPLIES TO LIST SHARES ON MTA Ferrari N.V. (NYSE: RACE) and FE New N.V.1 announced today the filing of the application for the listing, in connection with the planned separation of Ferrari N.V. from Fiat Chrysler Automobiles N.V., of the common shares of Ferrari on the Mercato Telematico Azionario organized and managed by Borsa Italiana S.p.A. Maranello, 23 November 2015 1As part of the separation, Ferrari N.V. will be merged into FE New N.V. which immediately before the merger will hold the shares in Ferrari N.V. now held by Fiat Chrysler Automobiles N.V. FE New N.V. will then be renamed Ferrari N.V., and its common shares will be listed on the MTA and the New York Stock Exchange.

Charles Leclerc takes fourth straight pole at Russian Grand Prix

SOCHI, Russia — Charles Leclerc clinched his fourth straight pole position and championship leader Lewis Hamilton was second in qualifying at Formula One's Russian Grand Prix on Saturday. Leclerc finished 0.402 seconds clear of Hamilton, with Leclerc's Ferrari teammate Sebastian Vettel third fastest at the Sochi Autodrome. Hamilton is bidding for his first win since the summer break and his Mercedes team is often the dominant force in Russia, having won all of the five races staged here. Hamilton is 65 points ahead of teammate Valtteri Bottas in his quest for a sixth world title, but looks to have his work cut out against Leclerc. Alex Albon crashed out of qualifying. The London-born Thai spun at the slow-speed Turn 13 before slamming into the barriers. The driver was unhurt. Vettel finished ahead of Red Bull's Max Verstappen but the Dutch driver will be bumped back five places following a grid penalty for changes to his engine. Ferrari, winless in the opening half of the season, is now the team to beat as it seeks a fourth consecutive victory. While Vettel ended his 13-month losing streak in Singapore last weekend, it is Leclerc who continues to impress in his opening season with the Scuderia. This marked his sixth pole this season and it is also the 10th straight round Leclerc has out-qualified Vettel, the four-time world champion, who was 0.425 slower in qualifying. "It definitely feels great to be back on pole," said Leclerc, who became the first Ferrari driver since Michael Schumacher to claim four straight poles. Leclerc is 96 points behind Hamilton in the championship, with a total of only 156 to play for in the remaining six races. Hamilton has not been on pole since the German Grand Prix in July, a streak of five races, but was delighted to have split the Ferraris with his final effort. "I gave it everything I could in the end and I am so glad it came together," Hamilton said. "I wasn't expecting to be on the front row so I am really happy." Bottas finished fifth in qualifying. The Finn will join Vettel on the second row following Verstappen's penalty. Earlier Saturday, McLaren said the team will be powered by Mercedes from 2021, ending its association with Renault at the end of the 2020 campaign. The long-term agreement will run until at least 2024.

Ecclestone against F1 cockpit protection

Bernie Ecclestone has made it clear that he is not a fan of the Red Bull Aeroscreen, which was tried by Daniel Ricciardo on Friday, in Sochi. The FIA will continue to study both the Red Bull device and Ferrari's Halo, and will make a decision by July 1 about which will be added to the 2017 rules. "We're going to get a lot of pitstops now when they have to stop to clean the screen and things," he said when asked by Motorsport.com about the Aeroscreen. "That will be good." Asked if he liked the look of it or preferred the Halo, he said: "Not particularly. I don't like any of them," adding that the sport should do "nothing" with regard to cockpit protection. "I just think to try to simulate something when you've got a stationary object, and you're firing a tyre at it, when in the race when the wheel has come off normally both cars would be moving. "So how can you simulate it by having a car stationary? And how would you ever know what's going to happen with a wheel anyway? "If it hits the thing it would probably bounce off anyway. So I don't know," Ecclestone added. Quizzed on Lewis Hamilton's suggestion that danger was part of the appeal of the sport he said: "In his case I don't know whether the money made any difference as well. "We can make it more dangerous if he wants." Related Video: This story, by Adam Cooper, originally appeared on Motorsport.com, the world's leader in auto racing news, photos, and video. Image Credit: Dan Istitene/Getty Motorsports Ferrari Safety Racing Vehicles F1 bernie ecclestone halo