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The limited-run Ferrari J50 is the coolest 488 Spider you can't buy

Ferrari is really good at celebrating things. In recognition of 50 years of selling cars in Japan, the company is building a few one-off versions of the 488 Spider, called the J50. That's our kind of anniversary present. Just 10 of these cars will be built, and each will be customized to the taste of its owner. The J50 gets a 681-horsepower version of the 488's 3.9-liter twin-turbo V8 and of course wraps it all in different bodywork. The interior gets some custom attention as well, with different trim but most of the normal parts from the 488 Spider. It's not shown here, but there's a two-piece carbon-fiber targa roof that stows behind the seats and is supported by the matte carbon roll hoops. Design highlights include a polycarbonate bubble over the engine, a channel that wraps the front end and the sides, a chopped windshield and side glass, and a fantastic looking rear diffuser. The front end reminds us of some old GM aero concepts, but in the best way possible. If you want one, you're probably already too late. Ferrari likely offered these to its best Japanese customers before the car was even unveiled. You have 50 years to save up for the next one; better luck next time. Related Video: Featured Gallery Ferrari J50 Ferrari Convertible Luxury Performance Supercars ferrari 488 spider

Ferrari stock sale pegged for October, or later

The Ferrari IPO is still coming, but it won't be before Columbus Day (Monday, October 12, that is), according to Fiat Chrysler Automobiles CEO Sergio Marchionne. The outspoken exec is blaming tax reasons for the fourth-quarter date, according to a report from Reuters. Marchionne said a full year needed to pass between FCA's October 13, 2014 Wall Street debut and any additional listing. This isn't the first delay in the Ferrari IPO. FCA was originally supposed to make a 10-percent offering of Ferrari during second or third quarter of 2015, before officially pushing things back to the third quarter of this year. Now, it's unclear if Ferrari will even go public before the dawn of 2016. Related Video: News Source: ReutersImage Credit: Marco Vasini / AP Earnings/Financials Government/Legal Chrysler Ferrari Fiat Sergio Marchionne FCA fiat chrysler automobiles

NHTSA fines Ferrari $3.5 million for missing reports

Ferrari will pay a $3.5 million penalty for family to comply with oversight requirements set forth by the National Highway Traffic Safety Administration.
The federal agency that oversees road safety in the United States announced Friday morning that Ferrari had not submitted early warning reports for the past three years. These reports help the agency identify potential or existing safety threats.
In the wake of the rolling recalls for defective General Motors ignition switches, there has been considerable scrutiny of NHTSA's handling - or mishandling - of these early warning reports. Friday's fine is an indication the agency is taking its enforcement mandates more seriously, albeit against a manufacturer that has no large-scale presence on American roads.