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FCA delays distribution of Ferrari shares

Even if you can't afford an actual Ferrari, soon you can own a part of the famous company thanks to its upcoming initial public offering. FCA will put 10 percent of the Prancing Horse on the market in the third quarter of this year. However to reap extra money for 2015's bottom line, the rest of the sports-car maker's stock will remain undistributed for a little longer. According to Automotive News, the strategy is quite simple to understand. FCA is holding off until the first quarter of 2016 to divvy up the remaining Ferrari stock to shareholders. By doing so, the automaker gets to claim 80 percent of the Prancing Horse's profits for its 2015 financial numbers. While FCA is already showing strong results through Q1 2015, being able to add extra cash on the balance sheet is always a plus. FCA hasn't set a specific date for the IPO, but Ferrari stock was announced to be traded in the US and possibly on a European exchange, as well. According to Automotive News, FCA currently owns 90 percent of the company, and Piero Ferrari has the remaining 10 percent, which he isn't selling. Related Video:

The real Wolf of Wall Street's Ferrari Testarossa is for sale

In 2013, acclaimed filmmaker Martin Scorsese profiled the rise and fall of financial crook Jordan Belfort in the movie The Wolf of Wall Street, with Leonardo Di Caprio in the lead role. Now you can own an automotive piece of that fascinating real-life tale by buying Belfort's 1991 Ferrari Testarossa. According to the seller, Belfort bought the Ferrari in New York in 1991. He must not have driven it very much, though. There have been other owners since him, but the Testarossa still has only covered 8,300 miles. With its white exterior, your friends might think you're trying to emulate Sonny Crockett from Miami Vice, and the interior has beige leather, which still looks to be in great condition. To prove Belfort's ownership, the sale comes with his name and address in the warranty book and on supply invoices. There's even a set of matching luggage, and the seller allegedly found a $50 bill in one of the bags' lining. Even if Belfort didn't drive the Testarossa too much, he might have had some fun with it. According to the listing, "it was involved in a 'Wolf' moment as early as the original test drive." However, the seller will only tell the next buyer what that means. Belfort's Testarossa is currently for sale in Monaco for an undisclosed price, but as a car formerly used in the United States, it might not be too hard to bring back. If you do decide to buy Belfort's Ferrari, remember to treat The Wolf of Wall Street as a cautionary tale. Related Video:

Germans, Brits and Ferrari's new V12 SUV | Autoblog Podcast #748

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Associate Editor Byron Hurd. With the Detroit Auto Show now in the rearview, focus shifts to news that crept up outside of the North American spotlight. The two talk about the new Ferrari Purosangue SUV, then pivot to a discussion about the future of the Dodge Charger and Challenger based on rumors of a new assembly facility. Next, they discuss what they've been driving recently. Byron leads off with anecdotes from his trip to Spain to drive the 2023 Range Rover Sport and his weekend with the VW GTI SE. Next, Greg talks about the ups and downs of the BMW X3 M Competition and Mercedes-Benz GLE450 Coupe. After that, they spend your money; this week's is a whopper.   Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #748 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Ferrari Purosangue SUV revealed: V12 power, big price tag, surprisingly pretty Dodge Charger/Challenger production moving to Windsor? Cars we're driving 2023 Land Rover Range Rover Sport 2022 Volkswagen GTI SE 2022 Mercedes-Benz GLE 450 2022 BMW X3 M Competition Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video: Ferrari Purosangue revealed