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Ferrari fined 50,000 euros after Kimi Raikkonen runs over mechanic

MANAMA, Bahrain — Ferrari was fined 50,000 euros ($61,385) on Sunday after one of its Formula One mechanics was hit by Kimi Raikkonen's car and suffered a broken leg during a Bahrain Grand Prix pitstop. Raikkonen, who had been in third place, was told to stop immediately and retired in the pitlane while teammate Sebastian Vettel went on to win. At an IndyCar race in Phoenix over the weekend, meanwhile, Alexander Rossi and Sebastien Bourdais both also were penalized when they made contact with their mechanics. Ferrari said the mechanic on the left rear wheel, named only as Francesco, had been taken to hospital with a suspected shin bone and fibula fracture. He was knocked over as the Finn was wrongly given the signal to leave with only three tires replaced and the other still to be removed. "I go when the light is green. I don't see what happens behind and unfortunately he got hurt," said Raikkonen, the 2007 world champion. "My job is to go when the light says so. Hopefully, he's OK." The Finn was left sitting in his car for a while before stepping out while the mechanics focused on their stricken team mate on the floor. Ferrari chairman Sergio Marchionne wished the mechanic a speedy recovery in his post-race statement. "I am sorry for Kimi who could certainly have finished on the podium," he added. It was the second time Ferrari had been penalized for an unsafe release over the Bahrain Grand Prix weekend. It was fined 5,000 euros after Raikkonen was sent out of the pits with a loose wheel in Friday practice. Race stewards said that in Sunday's incident the car was released "in a manner endangering team personnel and causing injury." Reporting by Alan BaldwinRelated Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Image Credit: Getty Motorsports Ferrari Racing Vehicles F1 Kimi Raikkonen sebastien bourdais

Ferrari IPO could come any day now

According to Bloomberg, Fiat Chrysler Automotive Sergio Marchionne told reporters at the Toronto Global Forum that the Ferrari IPO could come any day now. "We are days away from filing the prospectus," said Marchionne, who declined to confirm whether rumors of involvement from UBS Group AG, JPMorgan Chase & Co and Goldman Sachs Group were accurate. In addition to an expected filing in New York, Marchionne hinted that a secondary filing could take place in Milan, Italy. Although the FCA Chief Executive didn't offer any expected sum for Ferrari, he had previously suggested that an IPO for the iconic Italian brand could be worth $1 billion, ringing the registers to the tune of 10 percent of the company's $11 billion valuation. According to Bloomberg, that potential sum is significantly higher than its own internal figures indicate after taking a poll of analysts who we assume must know a heck of a lot more about such things than we do. Considering how close we apparently are to the actual filing, though, we probably won't have to wait long to find out. Another hot topic any time Sergio is the subject of reporter questioning is a potential merger with General Motors or another large, full-line automaker. It seems there aren't any new revelations to reveal on the consolidation front, though Marchionne told reporters there were no plans to mount a hostile takeover of GM or any "other, less optimal" partners. Related Video: News Source: BloombergImage Credit: STR/AFP/Getty Earnings/Financials Chrysler Ferrari Fiat Sergio Marchionne FCA

Ferrari 458 Speciale is our Frankfurt fantasy [w/video]

This is the Ferrari 458 Speciale, and while its name might underwhelm, its performance and lineage more than make up for it. The successor to the proud line of hot, higher-performance, mid-engined Ferraris like the 360 Challenge Stradale and 430 Scuderia, the 458 Speciale is blessed with a 596-horsepower, 4.5-liter V8 and the ability to skip to 62 miles per hour in three seconds. It also comes with a not-so-subtle racing stripe, which we like.
Thanks to a scarcely believable curb weight of 2,844 pounds, special Michelin Pilot Sport cup 2 tires, and a few tweaks to the electronic diff, the Speciale is quite a dancer as well. Naturally, Ferrari is showing off the newest member of the scuderia at Frankfurt, and we made it a priority to see it in person. We've got a full gallery of live images above, a video and stock photography from Ferrari down below, and our original coverage of the car, from August, right here.