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FCA delays distribution of Ferrari shares

Even if you can't afford an actual Ferrari, soon you can own a part of the famous company thanks to its upcoming initial public offering. FCA will put 10 percent of the Prancing Horse on the market in the third quarter of this year. However to reap extra money for 2015's bottom line, the rest of the sports-car maker's stock will remain undistributed for a little longer. According to Automotive News, the strategy is quite simple to understand. FCA is holding off until the first quarter of 2016 to divvy up the remaining Ferrari stock to shareholders. By doing so, the automaker gets to claim 80 percent of the Prancing Horse's profits for its 2015 financial numbers. While FCA is already showing strong results through Q1 2015, being able to add extra cash on the balance sheet is always a plus. FCA hasn't set a specific date for the IPO, but Ferrari stock was announced to be traded in the US and possibly on a European exchange, as well. According to Automotive News, FCA currently owns 90 percent of the company, and Piero Ferrari has the remaining 10 percent, which he isn't selling. Related Video:

Skip Barber's favorite car is a Ferrari 275 GTB

"My name is Skip Barber," says the voice at the end of this Petrolicious video, "and I'm fortunate to drive a variety of cars. My favorite car is a Ferrari 275 GTB." If you've ever heard that name before, you'll know it carries a lot of weight, and if you've ever seen a 275 GTB up close – or driven one – you know what he's talking about. Barber is a multiple Sports Car Club of America national champion and one of only a handful of American drivers to have competed in Formula One. But he's arguably better known as the founder of his namesake racing and driving schools, which operate at dozens of locations across the country. He's usually linked most prominently to the iconic Lime Rock race course. Barber rescued the Connecticut circuit when its previous owners pulled out, putting the investment together with some alumni from his school. These days Skip is the sole remaining proprietor, but as you can see from the way he talks about it, he's justifiably proud with what he's done with the place. It's one of the few automotive race tracks in the country recognized on the US National Register of Historic Places, and still hosts top-level racing – including the United SportsCar Championship that will return for the Northeast Grand Prix this summer. Between the racing career he's had, the schools he's started, and the track he's preserved, it's safe to say that Barber has left an indelible impact on the motor racing scene in America. And at 79 years old, he's showing no signs of slowing down. Related Video:

Ferrari dominated classic car auctions in 2014

If it seems to you that the prices being paid for top collector classics at auction keep ratcheting up, you're right. In fact in the US alone, some $1.3 billion were spent on collector cars this past year – a $100 million increase over 2013's tally. And much of that was made up of Ferraris. In fact vintage Prancing Horses accounted for nine out of the ten most expensive cars sold at auction in 2014 – and their prices went up by some 43 percent. The headline of the year, of course, was the 250 GTO which Bonhams sold in Monterey for over $38 million, setting a new world record. But impressive as that was, the GTO wasn't the only eight-figure Ferrari auctioned off this year. On the same week, RM sold a 265 GTB/C Speciale for $26.4 million. Bonhams sold a 375-Plus for $18.4 million at Goodwood, Gooding got $15 million for a 250 GT California Spider, RM raked in $11.5 million for a 250 LM and another $10 million for Steve McQueen's 275 GTB/4. The rest of the list was populated by another 250 California, another 275 and a 250 Mille Miglia, each of which sold for around $8 million apiece. That's the list reported by Ferrari itself, but while the top prices listed on Sports Car Market differ slightly, any way you slice it, the top ten slots are still taken by Maranello's finest. (Hagerty, for its part, reported a slightly different list a few days ago, with eight of the top slots taken by Ferraris and two by Ford GT40s.) Oh, and in case you're wondering, the tenth car on the list was not a Mercedes – the only marque that has traded places with Ferrari for the top place any year since the turn of the millennium. No, this year, the list was rounded out by the pristine white McLaren F1 that Gooding sold for $10.75 million at Pebble Beach this year, slotting in just above the McQueen 275. News Source: Ferrari, Sports Car MarketImage Credit: Ferrari Ferrari Auctions Classics record