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TV and Music Star Adam Levine’s Lusso to be Auctioned by Russo and Steele in Monterey  

Posted by on Jul 20, 2015 in Featured, News | Comments Off on TV and Music Star Adam Levine’s Lusso to be Auctioned by Russo and Steele in Monterey  

TV and Music Star Adam Levine’s Lusso to be Auctioned by Russo and Steele in Monterey  

The 250 GT Berlinetta Lusso or simply “Lusso,” Italian for luxury, was priced when new from $13,375, a healthy amount in its day but nowhere compared to its value now, in the millions, as collectors recognize the intrinsic value of this 250 GT street Ferrari. Just 350 of these beautiful performers were built in all during 1963 and 1964, and today, the Lusso remains a stylistic tour de force, one of the finest all-around Grand Touring machines ever designed by the vaunted Turin styling house – Pininfarina. Bearing serial number 5003 GT,...

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Rare Interim 250 GT Offered at Bonhams’ Quail Lodge Auction

Posted by on Jul 18, 2015 in Featured, News | Comments Off on Rare Interim 250 GT Offered at Bonhams’ Quail Lodge Auction

Rare Interim 250 GT Offered at Bonhams’ Quail Lodge Auction

From a very prominent American collection, this remarkable sports-racing car – the 1959 250 GT Competizione Alloy Berlinetta, s/n 1519 GT – is an ultimate example from what many consider to be the golden age of Ferrari. With immense power, styling and pedigree, this race proven V-12 is one of the legendary seven “interim” cars and boasts matching numbers engine and original alloy body, a superb restoration to its original Swiss racing livery by marque specialists, and is Ferrari Classiche certified. Created during the transitional...

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Ferrari CEO Rumored to Have Resigned

Posted by on Jul 17, 2015 in Featured, News | Comments Off on Ferrari CEO Rumored to Have Resigned

Ferrari CEO Rumored to Have Resigned

Reports are now surfacing out of Italy that Ferrari CEO Amedeo Felisa has stepped down. Although not officially confirmed by Ferrari, many Italian news outlets are reporting that Felisa has resigned due to a disagreement with current Ferrari chairman Sergio Marchionne. When contacted by Autocar, Ferrari declined to comment. Born in Milan, Felisa has been the CEO since 2008. His career with Ferrari began in 1990. He first began with Alfa Romeo in 1972 and has a background in engineering. In 2004 he rose to General Manager of Ferrari and then...

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Ferrari Chassis List for Goodwood Festival of Speed 2015

Posted by on Jul 16, 2015 in Featured, News | Comments Off on Ferrari Chassis List for Goodwood Festival of Speed 2015

Ferrari Chassis List for Goodwood Festival of Speed 2015

There were many Ferraris this year at the Festival of Speed, many on display but several notable ones taking to the run up the hill at Goodwood, to the delight of the massive crowds. The Cartier Style et Luxe Concours has become a fixture at the event, providing some glamour, if glamour was ever needed at Goodwood House. And the Supercar display has grown nicely, mostly from the efforts of the local Ferrari importer – Ferrari North Europe. The neatest response was for cars for the F1 Paddock, with no less than seven of these rare...

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Ferrari IPO Filing Days Away in NYC / Headquarters to be London

Posted by on Jul 15, 2015 in Featured, News | Comments Off on Ferrari IPO Filing Days Away in NYC / Headquarters to be London

Ferrari IPO Filing Days Away in NYC / Headquarters to be London

From Brent Snavely of the Detroit Free Press Fiat Chrysler Automobiles CEO Sergio Marchionne said recently that the automaker is days away from filing its prospectus for a public stock offering for at least 10% of Ferrari’s shares. Friday was the first time Marchionne disclosed the timing of the prospectus, which is typically a detailed document spanning hundreds of pages that provides a snapshot of the company’s financial performance and business. The document is intended to give potential investors a way to evaluate the company. On...

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Ferrari to be a Dutch Holding Company / IPO Announced

Posted by on Jul 14, 2015 in Featured, News | Comments Off on Ferrari to be a Dutch Holding Company / IPO Announced

Ferrari to be a Dutch Holding Company / IPO Announced

Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne said recently that a Dutch holding company will likely be created to control Ferrari after the spin-off and listing of the luxury cars manufacturer, in a similar move done in the past for Fiat Chrysler. Speaking on the sidelines of the presentation of the new Fiat 500 model, Mr. Marchionne, who is also chairman of Ferrari, said he expects the listing to value the business at least EUR10 billion ($11.1 billion), but that it will depend on market conditions. “There are clear...

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New Book Highlights Leonardo Fioravanti, Designer of Many Classic Ferraris

Posted by on Jul 12, 2015 in Featured, News | Comments Off on New Book Highlights Leonardo Fioravanti, Designer of Many Classic Ferraris

New Book Highlights Leonardo Fioravanti, Designer of Many Classic Ferraris

For the first time, one of the major names in Italian car design tells his story from the beginning; from when he made his first sketches on paper, unbeknown to his parents and not only of cars, to reaching a point at which his name became synonymous with some of the best known and most important cars on the international front. In his 23-year career at Pininfarina, Leonardo Fioravanti, who was first a designer and architect, then Managing Director and Director General of Pininfarina’s Studi & Ricerche department, created some of the most...

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Fiat Family Control of Ferrari to Increase

Posted by on Jul 10, 2015 in Featured, News | Comments Off on Fiat Family Control of Ferrari to Increase

Fiat Family Control of Ferrari to Increase

From Bloomberg: The real winners in Fiat Chrysler Automobiles Ferrari spinoff are Chairman John Elkann and the Italian industrial clan he represents. They will end up being the biggest shareholders of both companies. The structure of the spinoff, with 80 percent of Ferrari shares going to FCA’s existing shareholders, means the family will own about a quarter of the supercar maker. Ferrari may be worth around 9 billion euros ($10 billion), which would value Exor’s (the Fiat family investment vehicle) holding at about 2.25 billion euros,...

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Waiting for a Wet Start

Posted by on Jul 9, 2015 in Featured, News | Comments Off on Waiting for a Wet Start

Waiting for a Wet Start

It is raining at Silverstone on May 15, 1954 before the start of the first heat of the International Daily Express Trophy race, a non-championship event for F1 cars. This popular race always attracted a large early season entry of both factory cars and privateers. Sitting in his Ferrari 553 “Squalo” is the well-known Argentinean driver Froilán González, in a somewhat reflective mood. This model Ferrari, an entirely new creation for 1954 and first raced at the Italian Grand Prix as an F2 car in 1953, was referred to as Squalo because of its...

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Fiat Sees Ferrari Spinoff as “Luxury” Potential

Posted by on Jul 8, 2015 in Featured, News | Comments Off on Fiat Sees Ferrari Spinoff as “Luxury” Potential

Fiat Sees Ferrari Spinoff as “Luxury” Potential

From Bloomberg In the spinoff of Ferrari later this year, Fiat Chrysler Automobiles NV wants investors to see the company as more than just a carmaker. “Ferrari has all the elements to be considered a luxury-good manufacturer,” Chief Executive Officer Sergio Marchionne said. “What we should do with the listing is to entirely develop that notion.” Luxury-product companies such as Prada SpA and Hermes International SCA trade at more than 20 times earnings, while automakers are generally less than half that. Getting the most out of the Ferrari...

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