Hard To Find 1985 Ferrari Mondial With 56,240 Miles !!!! on 2040-cars

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Fiat Chrysler denies rumors that Ferrari SpA is moving to London

It seems that reports of Ferrari's relocation to London have been somewhat exaggerated. The past few days have seen more than a few stories on the legendary Italian brand's decision to move its tax base out of Italy, and now Fiat Chrysler is speaking out against the scuttlebutt. "These rumors have no grounds," FCA said in a statement obtained by Reuters. "There is no intention to move the tax residence of Ferrari SpA outside Italy, nor is there any project to delocalize its Italian operations, which will continue to be subject to Italian tax jurisdiction." Ferrari's move to London was based on two beliefs. First, that the company would benefit from being located nearer the investor community, should it be listed on a European exchange. FCA, though, said a European listing was only a "possibility," according to Reuters. Instead, the company will be listed on an American market. Aside from the move to benefit investors, it was believed Ferrari was looking to relocate to escape Italy's more oppressive corporate tax rate, which sits around at 31.4 percent, compared to the UK's 20 percent, Bloomberg reports. This denial by Fiat Chrysler, though, should be enough to close the book on Ferrari leaving Italy, no matter how much sense it might make. Related Video:

Scuderia Corsa ready to recapture glory at Le Mans

There's nothing else in this world like endurance car racing. Be it a relatively short race like the 6 Hours of Nurburgring or 24-hour endeavors like Le Mans or Daytona, drivers and cars alike are put through long and grueling racing that either ends in triumph or heartbreak. At this year's Detroit Grand Prix, we had a chance to sit down with Scuderia Corsa drivers Alessandro Balzan and Christina Nielsen just hours before they left for France to participate in first practice for the 24 Hours of Le Mans. Scuderia Corsa competes in the IMSA WeatherTech Sportscar Championship team in the GT Daytona class. This is the second year Balzan and Nielsen have partnered, and the relationship has been fruitful. The pair won the class championship in 2016 and are currently sitting in second for 2017. Despite being in the sport longer, this will be Balzan's first attempt at Le Mans. The pair will be joined by American Bret Curtis in the race, usually racing against Balzan and Nielsen behind the wheel of a BMW. "There's a lot to prepare for with this race," Balzan said. "Christina raced there last year, so she's helping me prepare. It's not like any other race, even something like Daytona. There's a lot of preparation that goes into this race." Everything from food intake to sleep schedules has to be adjusted and set appropriately. There's 24 hours of on-track action bookended by pre-race prep and a post-race cool down. Your body and mind must adjust accordingly, and it's not as simple as drinking a few cups of coffee and munching on an energy bar. Scuderia Corsa is the defending class champion at Le Mans, though not with Nielsen behind the wheel. The team is backed by Ferrari and competes with 488 GT3s, a stripped out, lightweight, race-only version of the 488 GTB. The cars share a version the 3.9-liter turbocharged V8, but the rest of the car has been extensively modified, bearing little resemblance beyond styling. "The cars don't share much with the regular car," Balzan said. The interior is all removed and the suspension and aero are all different. It looks similar, but it's really changed. It drives like a totally different car." That's par for the course with GT cars. While they might share more in common with road cars than something like the Porsche 919 Hybrid prototype, the world of race cars and production cars are far removed. That said, Balzan and Nielsen both enjoy the road car correlation.

Classic Ferraris fight currency rates for bragging rights

Which is the most expensive car ever sold at auction? That should be a fairly straightforward question to answer, only it isn't. Due to currency fluctuations, we're actually dealing with two contenders, both of which have legitimate claims to the crown. The contenders are both classic Ferraris, each of them worth in excess of $30 million. In one corner is the 250 GTO sold at Pebble Beach in 2014 for $38 million. In the other is the 335 S sold in Paris just the other day for ˆ32 million. Resolving the bragging rights should come down to a simple matter of currency conversion, but the problem is that the rates don't stay constant. So the $38 million for which Bonhams sold the 250 GTO worked out to ˆ28 million at the exchange rates of the day. At that rate, the GTO was worth a good four million euros less than what the 335 S sold for, even though today's rates value the 335 S at "only" $35 million, or a good few million dollars short of the GTO. The answer, then, may be subject to which market you're in. But if you're looking for the tie-breaker, consider the British Pound: in Sterling, the 335 S sold for the equivalent of GBP24.7 million, which is more than the GBP22.8 million that the GTO's $38 million worked out to at the time – but less than the GBP26.5 million it would be worth today. And so we're back to where we started. But we're sure the confusion won't last (or be relevant) for too long, as there's bound to be another highly sought-after classic automobile on the auction block before too long. And it'll probably be another Ferrari. WORLD RECORD PRICE FOR A MOTOR CAR SOLD AT AUCTION* 32.1 Mˆ / 24.7 MGBP / 35.7 M$ INCLUDING PREMIUM LOT 170 • 1957 FERRARI 335 SPORT SCAGLIETTI DE 1957 • CHASSIS N°0674 FROM THE PIERRE BARDINON COLLECTION Lot 170. 1957 Ferrari 335 Sport Scaglietti • Chassis n°0674 • From the Pierre Bardinon Collection WORLD RECORD FOR A COLLECTORS' CAR AT AUCTION* Sold : 32,1 Mˆ / 24,7 MGBP / 35,7 M$ including premium (estimate : 28 – 32 Mˆ / 21,5 – 24,6 MGBP / 30 – 34 M$ ) *World record price for a car sold at auction, in euros and sterling. Previous record : 28,5 Mˆ / 38 M$, in 2014, in the US Paris – Friday 5 February 2016, shortly after 18h50, at the Retromobile Salon, Artcurial Motorcars, the collectors' car department at Artcurial achieved the world record for a car sold at auction, under the gavel of Maitre Herve Poulain.