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Marchionne's FCA-GM merger might come after Ferrari spinoff

Sergio Marchionne is continuing to rumble about working out a merger with General Motors, but don't expect anything big to happen before at least early next year. That's because Marchionne would likely wait for the Ferrari spin-off to be complete before beginning his next big deal, according to Automotive News. While the Ferrari IPO on the New York Stock Exchange is expected in the coming weeks, that only concerns 10 percent of the shares. The remaining 80 percent of stock is being distributed among shareholders in 2016. Piero Ferrari holds the final 10 percent with no intention to sell. This strategy allows FCA to claim 80 percent of the Prancing Horse's profits in the automaker's 2015 financial results. According to Automotive News, the tactic has other advantages, as well. FCA would be flush with cash by waiting for the spin-off to be complete, and it would keep Ferrari separate if a GM merger actually happens. Marchionne thinks Ferrari could be valued at over $11 billion in the IPO, and it could make FCA $3.3 billion richer when complete. Marchionne believes a combined FCA/GM could sell 17 million vehicles a year globally and rake in $30 billion in earnings. In the CEO's opinion, the two automakers are wasting money by developing components to do the same things on their vehicles. Although, so far the General's top execs are rebuffing all of his advances.

Bonhams auction at Quail Lodge led by 1959 Ferrari 250 GT Competizione

It doesn't take too much knowledge of the classic car market to figure out that, when it comes to values, Ferrari leads the pack. Bonhams 2015 Quail Lodge Auction did absolutely nothing to buck that trend with four of the five top sellers bearing the Prancing Horse. While none came near the auction house's sale of a 1962 Ferrari 250 GTO for $38.115 million last year, there were still beauties in the bunch. The leader among these thoroughbreds was a 1959 Ferrari 250 GT Competizione Alloy Berlinetta (pictured above) that went for $8.525 million, including the buyer's premium. It was one of just seven vehicles made to this specification and raced extensively when new, scoring a win in competition at Watkins Glen. A classic 1971 Ferrari 365 GTS/4 Daytona Spider brought $2.64 million, and a somewhat more modern 1985 288 GTO had the hammer drop at $2.365 million. The final Prancing Horse in the top five was a 1951 212 Inter Cabriolet with a body by Vignale for $2.2 million. It scored second-in-class at the 2014 Pebble Beach Concours d'Elegance. Overturning the Ferrari trend, a 1955 Lancia Aurelia B24S Spider America rounded out the top five with a sale price of $1,952,500. While these are the most expensive vehicles to cross the block, you can check Bonhams' website for the results on all 111 lots. It's a wonderful array of largely European sports cars that are all in top shape.

Ferrari's 986-hp mid-engine hybrid supercar stays bundled up in spy shots

With less than a week to go until its debut for VIP clients, Ferrari remains engaged in testing its hybrid V8 supercar. As these spy shots show, the Italian carmaker still insists on giving nothing away. The photographer wasn't able to figure out any more details, noting only that the camo panels were decorated with yellow triangles warning of electric shocks. The last intel we got came from Auto, Motor und Sport, the German magazine predicting 1,000 PS (metric horsepower), which is 986 of our ponies. That grunt would come from the 3.9-liter twin-turbo V8 borrowed from the F8 Tributo, and three electric motors — two on the front axles, one in the gearbox. All-wheel drive and instant torque would get the coupe from zero to 62 miles per hour in no more than 2 seconds, and cornering prowess will increase thanks to e-motor torque vectoring. Another stroll through the FerrariChat forum says power might be more than the 1,000 CV (cheveaux — metric horsepower again, but in French) indicated even on Ferrari's invitation to the launch event. A member wrote, "The current numbers doing the rounds are 1,050 — 1,100," bettors guessing 720 hp from the V8, roughly 200 combined horses from the front axle motors, and anywhere from 150 to 180 hp from the gearbox unit. That would be 1,080 hp at most, which is 1,095 CV. The looks are inscrutable. It's clear the door handles are in a different place, above the shoulder line, the front brakes calipers are mighty, and the headlights reveal some severe lines. The motorcycle rider who chased the coupe through the hills above Maranello said he saw squared taillights, but allowed that it could have been the shape of the camouflage openings. A Ferrari owners group from France visited the factory and apparently saw the complete bodywork for the hybrid coupe codenamed F173, describing the car as "wide and flat" with "huge rounded intakes" like half circles, a red body and a black glasshouse. On a side note, they also saw the 812 Spider bodywork, and said it's beautiful. Finally, another FC poster wrote that "the name has been already decided and there are very few chances that it will be changed. It will remind us of a Ferrari model launched years ago and also an actual car, a fast one." Depending on when Ferrari plans a public debut, we have anywhere from six days to three weeks left to play with this puzzle.