2019 Ferrari Portofino on 2040-cars

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Ferrari to pay Fiat Chrysler $2.8B prior to spinoff

Fiat Chrysler Automobiles is trying to get capital together in a hurry to finance the automaker's growth plans. Among its strategies to raise money, Ferrari will be spun off from the FCA mothership next year with an initial public offering. However, the Italian supercar maker will be a couple billion dollars poorer at the start of its new life.
According to a filing with US regulators obtained by Automotive News, FCA intends to "enter into certain other transactions including distributions and transfers of cash from Ferrari currently estimated at 2.25 billion euros ($2.8 billion)" before it spins the supercar maker off. Those funds might include paying a dividend to investors, and FCA possibly transferring some of its debt to the Prancing Horse.
The Ferrari IPO will likely be in the second or third quarter of 2015, according to Automotive News. Ten percent of the automaker will go onto the public market in the US and possibly Europe too, and 80 percent will be distributed among current FCA shareholders. The other 10 percent is held by co-chairman Piero Ferrari, according to AN.

How to polish car paint | Autoblog Details

Here's how to quickly and properly polish your car's paint to increase the depth and shine of your clear coat with a dual action polisher. Watch all our Autoblog Details videos for more quick car care tips from professional detailer Larry Kosilla. Show full video transcript text [00:00:00] Polishing paint properly is not only a skill, but it's what I consider an art especially on this 1964 Ferrari GTE. And like any art form, it takes years of practice to perfect. Today we're gonna discuss how to quickly and safely polish or paint to increase the depth and shine of your clear coat with dual action polishers. Coming up on this episode of Details. My name is Larry Kosilla and I'm a professional detailer. Together with Autoblog, we're creating [00:00:30] the ultimate collection of quick car care videos. This is Autoblog Details. Here are the items you'll need for this task. If your car has clear coat, and in most cases, any car manufactured after the mid 1980s, or repainted like this one here, will come standard with clear coat, and you'll need to use a machine. Polishing clear coat by hand is not recommended due to the hardness of the paint. [00:01:00] Polishing paint is typically done for two main purposes. First is to remove any remaining swirls left over from a previous compounding step, or to simply increase the gloss of the paint that has no scratches that lacks a deep rich shine like this one here. First, attach a foam polishing pad to a machine. In this case, I'm using a Meguiars foam yellow pad on a Rupes LHR 21ES polisher. Spread your polish of choice around the pad, covering all pores evenly by massaging the product in [00:01:30] by hand and of course, wearing gloves. Make sure to add a bit more in some areas that remain uncoated. Now that the pad is primed, add three small dots of polish and place the pad directly on the paint prior to engaging the machine. Speed settings will vary by machine and the type of pad used but a setting of three to four is a good place to start. Take note on small orbit polishing machines if the polishing pad is not rotating, little to no polishing work is being done to the paint. Adjustments to speed, pressure, [00:02:00] and machine angle may be needed. Apply light to medium pressure to the machine so that the foam pad compresses slightly. Arm speed is moderate to slow. But keep in mind, the slower your arm speed, the more work is being done to the paint.

Watch this Koenigsegg CCX hit 211 mph on a runway, outpacing McLaren's P1

Vmax200 in in England organizes events where those who care to show up with a supercar can run them down the two-mile runway at Bruntingthorpe Proving Ground. Evo attended the latest event, bringing an impressively green Lamborghini Aventador to test its girth and gaping vents against other precious metals like the McLaren P1 and F1, Ferrari F12 Berlinetta and Enzo, a Porsche Carrera GT and enough 911 Turbos to start a dealership. Speaking of those Porsches, nine of the top ten slots in the top speed competition are claimed by modified 911 Turbos.
A monochrome Swede ruled them all, though, a black-and-white Koenigsegg CCX setting fire to the speed trap run after run, hitting 211 miles per hour at its quickest. It was followed by, surprise, a 911 GT2 modified by 9E that did 210 mph. You can watch the EVO video below, GT Spirit has a bigger breakdown of the day, and we've included another vid showing the tandem launch of the CCX and McLaren F1.