2007 Ferrari 599gtb on 2040-cars

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Ferrari's stock price falls off a cliff

The stock price skidded. The stock price stalled. Use whatever automotive analogy you want. It was a bad day for Ferrari on the New York Stock Exchange. Warning that sales growth would slow because of the economic slump in China, Ferrari NV watched its stock price slump accordingly. Shares of the company were down more than 13 percent in afternoon trading, falling to $34.64. Sprung from the Fiat Chrysler Automobiles less than four months ago, Ferrari's stock has lost a third of its value since its October initial public offering and is nearly half the price of its $62 high set days after the IPO. In a conference call with investors, chairman Sergio Marchionne said the company expected to ship approximately 7,900 vehicles this year. Marchionne said the company would be "fine" over the long term as long as it maintains a decades-long philosophy of maintaining strong demand. That means Ferrari won't follow some of its sports-car competitors who have broadened their vehicle portfolio's with the addition of SUVs. Marchionne bristled at such a suggestion. "You have to shoot me first," he told Bloomberg. But never say never? Previously, Ferrari had restricted its output to 7,000 vehicles per year. The company is already past that number, and Marchionne foresees the possibility that it could rise to approximately 9,000 by 2019. In a regulatory filing, Ferrari said, "we believe we can grow in a controlled manner while preserving the exclusivity of our brand by continuing to explore controlled growth in emerging markets to capitalize on the substantial wealth creation and the growing affluent populations in those markets." For now, those markets won't include China. Shipments there decreased 22 percent in 2015, even as worldwide output increased. Related Video:

Ferrari 250 TR recreation channels the spirit of Fangio

Peter Giacobbi grew up watching the likes of Juan Manuel Fangio and Phil Hill race cars like the Ferrari 250 TRs when he was a kid. Once he grew up – or at least grew older – he knew he had to have one to call his own. The trouble is that original Testa Rossas sell for tens of millions these days, and as accomplished as he may have been in his life and career, Giacobbi didn't have that kind of money to spend on a car. So he did the next best thing and built one of his own. Fortunately Giacobbi had some experience building exotic sports cars. He formed half of the duo that created the Sinthesis 2000, a one-off concept that he and designer Tom Tjaarda unveiled at the 1970 Turin Motor Show. And that project ended up serving as his interview for the job of chief engineer for DeLorean. So when he set to building his own Testa Rossa, he knew how to go about it. His recreation may not be 100 percent authentic, but then it's not entirely fake, either. The bodywork is genuine, as are many of the parts. The rest he faithfully reproduced or had made specially. The result, as you can see, is quite stunning – especially left bare in its hand-beaten aluminum form. Hear his story, see his project, and listen to that Colombo V12 engine sing in this latest video installment from the cinematographic artisans at Petrolicious.

ATS rises from the ashes with its gorgeous GT supercar

Here's a name we haven't heard from in a while: Automobili Turismo e Sport is throwing its name back as an entrant in the war of the supercars with its new GT, a coupe that serves as a successor to a never-produced gran turismo car from the 1960s. True to its rarified segment, just 12 models will be produced starting at about $1.33 million, each highly customized to the purchaser's tastes. The coupe is a successor to the 2500 GT, which was revealed at the 1963 Paris Motor Show but never went into production before the entire company shut down in 1964. ATS was launched by Carlo Chiti and Giotto Bizzarrini after leaving Ferrari in 1961 due to a dispute with Enzo Ferrari. The initial aim was to beat Ferrari, and the company managed to produce a Formula One racer and the mid-engine 2500 GT. Despite teasing several models in recent years, the GT will be the company's first new production supercar in nearly half a century. Today's version of the company is being run by ATS's design chief, Emanuele Bomboi, and Daniele Maritan, a former race car driver turned importer and distributor of fast sports cars. The company insists this rebirth "is not a 'nostalgia' operation" and says it has other ideas it plans to develop beyond the GT. Bombi formerly worked for Fiat and Bertone, and it shows in the GT's styling. "The side silhouette of this new Gran Turismo is charged with energy, with clean lines framing arched surfaces," the company says. "The outlines above the wheel are evocative while a clean flowing line divides the car's upper and lower halves. As with the original car's design, the windows provide a focus for the flanks of the car." The new car also borrows its predecessor's front spoiler, which runs the whole width of the car with the same blue Dragon of Bologna logo, with two stripes running along the bonnet. It gets a carbon fiber body and chassis for a curb weight of 2,866 pounds. Powering the GT is a 3.8-liter, twin-turbo V8 mounted behind the cabin that does 650 horsepower and 500 pound-feet of torque. Or, buyers can upgrade to a 700-horsepower version with 553 lb-ft of torque. Either is mated to a seven-speed dual-clutch transmission that drives the rear wheels. Zero to 60 time is around 3 seconds, and top speed is around 206 mph. Three driving modes are offered — Viaggio, Sport and Corsa — with each configuration changing the colors of the cockpit controls from blue, to yellow and red, respectively. Does that sound a lot like the McLaren 650S to you?