2005 Ferrari F430 Spider Convertible 2-door 4.3l on 2040-cars

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Ferrari and FCA are officially separated

It's been a long time in the making, but it's officially happened: Ferrari is no longer part of Fiat Chrysler Automobiles. Following the Italian automaker's initial public offering, it has officially split off from its former parent company. As part of the spin-off, FCA's stakeholders will each receive one common share in Ferrari for every ten they hold in Fiat Chrysler. Special voting shares will be distributed in the same proportions to certain shareholders as well. Those shares being distributed will account for 80 percent of the company's ownership. Another ten percent was floated as part of the company's IPO, while the remaining 10 percent is held by Enzo's son Piero Ferrari (pictured above at center), who serves as vice chairman of the company. The shares will continue to be traded under the ticker symbol RACE on the New York Stock Exchange, and will begin trading this week as well under the same symbol on the Mercato Telematico Azionario, part of the Borsa Italiana in Milan. Since the extended Agnelli family headed by chairman John Elkann (above, right) holds the largest stake in FCA, expect it to continue controlling the largest portion of Ferrari shares as well. Between them, nearly half of the shares in the supercar manufacturer – and we suspect a little more than half of the voting rights – will be controlled by the Agnelli and Ferrari families, who are expected to cooperate to ensure the remaining shareholders don't attempt a takeover of the company. Similar to its former parent company, which operates out of Turin and Detroit, the Ferrari NV holding company is nominally incorporated in the Netherlands, but the automaker will continue to base its operations in Maranello, Italy. That's where it's always been headquartered, on the outskirts of Modena. For the time being, Sergio Marchionne (above, left) remains both chairman of Ferrari and chief executive of FCA – a position to which he is not unaccustomed, having previously headed both Fiat and Chrysler before the two officially merged. Related Video: Separation of Ferrari from FCA Completed LONDON, January 3, 2016 /PRNewswire/ -- Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA) and Ferrari N.V. ("Ferrari") (NYSE/MTA: RACE) announced today that the separation of the Ferrari business from the FCA group was completed on January 3, 2016. FCA shareholders are entitled to receive one common share of Ferrari for every 10 FCA common shares held.

Ferrari 488 Spider turbocharges the topless life [w/video]

As expected, Ferrari has followed the Geneva debut of the new 488 GTB with the introduction of the 488 Spider convertible. Like the hardtop model, the new Spider builds on the old 458 cabriolet. The retractable hardtop has been retained for the new model, slated to debut at the 2015 Frankfurt Motor Show. But thanks to the new aluminum spaceframe, the 488 Spider's torsional rigidity has been increased by 23 percent over its predecessor, promising even sharper handling. The powered roof can be stowed in just 14 seconds. Beyond that, the 488 Spider boasts the same goodies as the hardtop model. A 3.9-liter, twin-turbocharged, flat-plane crank V8 sits amidships, sending 661 horsepower and 560 pound-feet of torque to the rear wheels via a seven-speed dual-clutch transmission. Even in this roofless model, 62 miles per hour arrives in just 3.2 seconds, compared to an even three seconds in 488 GTB. The top speed is a toupee-eradicating 203 miles per hour. Prices, not surprisingly, have not been published. You can look forward to much, much more on the 488 Spider when it makes its grand debut in September, at the 2015 Frankfurt Motor Show. Until then, check out the launch video for the new droptop, as well as the official press release from Ferrari. The Ferrari 488 Spider: performance and effortless driving for maximum drop-top fun Official unveiling scheduled for Frankfurt Motor Show Maranello, 28 July 2015 – Ferrari announces the launch of the 488 Spider, its most powerful ever mid-rear-engined V8 car to feature the patented retractable hard top along with the highest level of technological innovation and with cutting-edge design. Ferrari was the first manufacturer to introduce the RHT (Retractable Hard Top) on a car of this particular architecture. This solution ensures lower weight (-25 kg) and better cockpit comfort compared to the classic fabric soft-top. Just like all previous spider versions of Ferrari's models, this is a car that is aimed squarely at clients seeking open-air motoring pleasure in a high-performance sports car with an unmistakable Ferrari engine sound. Every area of the car has been designed to set new technological benchmarks for the sector: from the aluminum spaceframe chassis and bodyshell to the new turbo-charged V8, aerodynamics that reconcile the need for greater downforce with reduced drag along with the specific cabin air flow demands of an open- top car, and vehicle dynamics that render it fast, agile and instantly responsive.

Finali Mondiali 2016 was an incredible celebration of all things Ferrari

For the first time ever, Ferrari held its Finali Mondiali event in North America, and we were there to soak it all in. This event is a four-day celebration of everything Ferrari, but the main event is the world final championship for the Ferrari Challenge series drivers, who normally compete in European, American, and Asia Pacific regional series. While they were racing 458 Challenge EVO models, we also saw the debut of the 488 Challenge – which, needless to say, was stunning. There were also demonstrations of past F1 cars, and a running of the incredible FXX Program vehicles, which simply looked (and sounded) amazing. In addition, the last Ferrari LaFerrari built was auctioned off to help victims of the Italian earthquakes, and predictably it raised a lot of money. That's great. In fact, it also set a record at a whopping $7 million – the most for a car from this century, period. Probably didn't hurt things any that it was also a one-off with a special paint job. Enjoy the photos above from our time at this fantastic event at Daytona International Speedway. Related Video: