1997 Ferrari 456 Gta on 2040-cars

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Ferris Bueller Ferrari replica is so choice, and now it can be yours

If you have the means, we highly recommend you consider picking up this replica Ferrari GT Spyder California that had a starring role in 1986 film "Ferris Bueller's Day Off." Granted, Ferris Bueller (played by Matthew Broderick) and his friend Cameron Frye (played by Alan Ruck) ended up completely destroying the car in the movie – don't worry, this wasn't the one that went careening backwards out of a garage. This car, one of three built for the film, is fully restored and is in complete working order, according to Mecum Auctions. Set to go under the auction hammer later this month during Monterey Car Week, the 'Ferris Bueller Ferrari' is a cinematic and photogenic gem, despite the fact that, ahem, it's not an actual classic Ferrari. If it was, trust us, the price would be far in excess of the pre-sale estimate of $250,000-$300,000, which Mecum has placed on the car. For reference, back in 2012, a true 1962 Ferrari 250 GT SWB California Spyder found a new home after someone handed over more than $8-million dollars to buy it. So, all in all, this phony Ferrari could be the steal of century, as long as you don't mind a 5.0-liter V8 engine under the hood, versus a screaming Ferrari V12. Originally built in 1985 by a California company called Modena Design and Development, this car is based around a steel-tube frame and comes powered by a V8 fitted with four Weber carburetors. Power is fed to the rear wheels via a five-speed manual gearbox. Design touches to make the car appear authentic include a Ferrari grille, chrome side vents and wire-spoke wheels, Jaeger gauges across the dash, toggle switches, tan leather seats, a wooden steering wheel and period-correct AM/FM radio. Interestingly, the car is also fitted with air conditioning. The car is fresh from a nine-month restoration, carries its original VIN, and has apparently covered only 1,520 miles since new. Related Video:

Fiat Chrysler begins Magneti Marelli spinoff

MILAN — Fiat Chrysler has kicked off its planned spinoff of parts maker Magneti Marelli, which will be registered in the Netherlands and listed on the Milan stock exchange, a document outlining initial plans and seen by Reuters showed. The spinoff is part of a plan by FCA Chief Executive Sergio Marchionne to "purify" the Italian-American carmaker's portfolio and to unlock value at Magneti Marelli similar to his earlier spinoff of Ferrari. Analysts say Magneti Marelli could be worth between 3.6 billion and 5 billion euros ($4.2 billion to $5.8 billion). It sits within FCA's components unit alongside robotics specialist Comau and castings firm Teksid. FCA has created a separate entity called MM Srl, the document showed, into which it will fold Magneti Marelli's electronics and electro-mechanical operations related to racing motorbikes and racing cars, as well as 14 other holdings in various companies around the world, including Germany, Slovakia, Mexico and South Africa. MM will be incorporated into a Dutch holding company via a cross-border merger, it added. FCA declined to comment. The move follows a similar procedure adopted by FCA for the spinoff and listing of Ferrari as well as of trucks and tractor maker CNH Industrial, both registered in the Netherlands and listed in Milan. The Dutch holding company would allow Marchionne, known for his success in extracting shareholder value through this strategy, to introduce a loyalty share scheme to reward long-term investors through multiple voting rights, as was the case with CNH and Ferrari. That would tighten the grip of FCA's controlling shareholder Exor, the Agnelli family's investment holding company, on the parts maker. Magneti Marelli, which employs around 43,000 people and operates in 19 countries, is a diversified components supplier specialized in lighting, powertrain and electronics. The Magneti Marelli separation is expected to be completed by the end of this year or early 2019, FCA has said. FCA's advisers initially looked at a possible initial public offering for the business to raise cash to cut FCA's debt, but the Agnelli family — FCA's main shareholder — was put off by low industry valuations and did not want its stake in Magneti Marelli to be diluted, three sources close to the matter told Reuters in March. Magneti Marelli has often been touted as a takeover target, and FCA has fielded interest from various rivals and private equity firms over the years.

Ferrari Names Sergio Marchionne CEO | Autoblog Minute

Sergio Marchionne is consolidating his power at the iconic Italian sports car maker. By adding the CEO title he will have even more power and control over the daily operations of Ferrari. Ferrari Autoblog Minute Videos Original Video Sergio Marchionne