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Ferrari 612 Scaglietti gets the shooting brake treatment

As much as we love shooting brakes, since they're basically two-door wagons, the world clearly isn't willing to buy them. Most remain concepts or just designs. But someone took up Dutch coachbuilder Vandenbrink on its design for a Ferrari 612 Scaglietti shooting brake. The company finished the car this year, and the results are impressive. The shooting brake's roof fits the existing roofline of the Ferrari well, and the car's signature wide haunches haven't been hidden. The hatchback also looks like Ferrari included it from the beginning, making the car look like a precursor to the FF and GTC4Lusso. The skylights in the roof are also fascinating, and they surely make the rear seats less claustrophobic. Vandenbrink's choice of the 612 Scaglietti is a good one, too, even if it was partly dictated by the fact the company penned this design over a decade ago. It's a classic grand touring car designed to be fast but comfortable. Its large size, particularly its prominent prow, suits a long-roof design, too. The one part we slightly question are the rear pillars, which even with some creases to break them up, look a bit large and out of place. This is currently the only example of the 612 shooting brake, but Vandenbrink is happy to build additional cars on request. The company says it will work with buyers every step of the way to make sure their example is customized exactly as they wish, from the paint to the equipment. Vandenbrink even suggests it could make one geared toward horse riding or falconry. There's no price for the vehicle, though, which is probably due to the fact that each one will be custom ordered and the cost will vary. And this is undoubtedly a car you can't afford if you have to ask the price. Vandenbrink is also happy to create one of a few other sports cars, such as a roadster version of the 599 GTB Fiorano. All you have to do is ask and bring tons of money.

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.

1962 Ferrari 250 GTO auctioned for a record $48 million

As anticipated, the 1962 Ferrari 250 GTO chassis number 3413 made some serious money at the RM Sotheby's auction at Pebble Beach. As the hammer came down at $48.2 million, the Ferrari became the most valuable car ever sold at auction; it made the Goldeneye Aston Martin DB5 look like a used DB7 in comparison. Last night, racing legend Derek Bell drove the Ferrari onstage, and bidding was opened at a breathtaking $35 million. Three bidders were involved in the sale, and the complete sum including fees came to $48,405,000. The auction house knew it was going to be expensive, having estimated the car at more than $45 million in June. It handsomely topped an earlier Ferrari 250 GTO record of $38 million. The Ferrari, the third one out of a 36-car production run and complete with significant racing history, has a numbers-matching powertrain and a Scaglietti-built Series II body. It has been with its previous owner since 2000, and the last time it was sold it commanded $7 million. The $40-million bump in value is simply incredible, Ferrari 250 GTO or not. And all this time the car hasn't just sat, appreciating; it has been seen in numerous classic events, in actual use. Related Video: Featured Gallery 1962 Ferrari 250 GTO at RM Sotheby's Monterey Auction View 10 Photos Image Credit: RM Sotheby's Ferrari Auctions Performance Pebble Beach ferrari 250 gto 1962 ferrari 250 gto ferrari auction