Skip to content
 
laferraris

By Caitlin Duffy –  July 06, 2015

Ferrari Estimated to be Valued at $11 Billion for IPO

There have been plans in the works for Ferrari to become a publicly traded company for quite some time, but CEO of Fiat Chrysler Automobiles NV Sergio Marchionne has released some concrete details about this shift in ownership.As Bloomberg Business reports, Marchionne announced the estimated value of Ferrari during the Fiat 500's unveiling July 3. It stands at "at least 10 billion euros," or approximately $11 billion USD, an amount that could account for 60 percent of FCA's total value. Of course, only 10 percent of the company will be made available to public investors, a move consistent with the marque's emphasis on scarcity and rarity in determining value.(See Also: Ferrari 488 GTB Takes on Hairpin Roads)To become a publicly traded company in the New York stock exchange, Ferrari is being listed as a Dutch holding with finances headquartered in the United Kingdom. Though production will continue to occur in Maranello, these changes of address push the brand closer to becoming a truly international company. Chairman of Ferrari, Sergio Marchionne, and former Chairman of Ferrari, Luca di Montezemolo.There is some concern that the change in ownership could alter the brand's long-term value, with many fearing the design direction and commitment to F1 racing will fall to the wayside in the hunt for revenue. Yet the fact that just a 10 percent stake is being made available makes this unlikely. If this single marque represents 60 percent of FCA, which owns Dodge, Chrysler, Alfa Romeo, Jeep, Ram, SRT, Fiat and more, it's safe to say they're aiming to preserve Ferrari's current formula for success.Stay with us for more information about this upcoming initial public offering, and find your own Ferrari from our exclusive listings below.Ferraris For Sale (Source: BloombergBusiness) See More Ferrari News

bmw_i8_main

By Edward Jones –  June 19, 2015

Winners of the 2015 International Engine of the Year Awards

The 17th International Engine of the Year Awards have been handed out and we now know the winners. Ferrari 458 SpecialeTo decide which engines would win, the jury consisted of 65 of the world's most experienced automotive journalists from 31 countries. They judged engines from all manufacturers, from Ford to Ferrari, and engines of all sizes.(Related: Porsche Finishes Production on the 918 Spyder)The big winners from this year's awards are BMW and Ferrari, with the i8 engine getting three awards and the 458's engine getting two. Other notable winners are the McLaren's famous twin-turbo V8 engine and Tesla's full-electric powertrain.Below are the categories and the winners of each from the awards' website. International Engine of the Year - BMW 1.5-liter three-cylinder electric-gasoline hybrid (BMW i8) Performance Engine - Ferrari 4.5-liter V8 (Ferrari 458 Italia and 458 Speciale) New Engine - BMW 1.5-liter three-cylinder electric-gasoline hybrid (BMW i8) Green Engine - Tesla full-electric powertrain (Tesla Model S) Above 4-liter - Ferrari 4.5-liter V8 (Ferrari 458 Italia and 458 Speciale) 3-liter to 4-liter - McLaren 3.8-liter twin-turbo V8 (McLaren 675LT, 650S, 625C and 12C) 2.5-liter to 3-liter - BMW M 3-liter twin-turbo six-cylinder (BMW M3, and M4) 2-liter to 2.5-liter - Audi 2.5-liter five-cylinder turbo (Audi RS3 and RS Q3) 1.8-liter to 2-liter - Mercedes-AMG 2-liter turbo (Mercedes-Benz A45 AMG, CLA45 AMG and GLA45 AMG) 1.4-liter to 1.8-liter - BMW 1.5-liter three-cylinder electric-gasoline hybrid (BMW i8) 1-liter to 1.4-liter - PSA Peugeot Citroen 1.2-liter three-cylinder turbo (Peugeot 208 and 308. Citroen C3, DS3, Cs Picasso, C4 Cactus, C4 and DS4) Sub 1-liter - Ford 999cc three-cylinder turbo (Ford Fiesta, B-Max, Focus, C-Max, Grand C-Max, Mondeo, EcoSport and Tourneo Connect/Courier) (Source: UKIPME.com)More Automotive Industry News

Live Auctions