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Ferrari: Sales, Marketing, and Financial News


Ferrari: Sales, Marketing, and Financial News

Old 06-04-2015, 11:17 AM
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^ Some info about that neat project...

MOST PEOPLE WOULD consider it a crime to splatter a Ferrari with paint. Unless it’s being photographed by Fabian Oefner. The Italian automaker graciously allowed the Swiss photographer to blast several hues of UV paint all over a brand new Ferrari California T, and damned if the car doesn’t look better for it.

A Ferrari always looks fast. There’s just something about the stance and the lines. The neon streaks that Oefner blew onto the car accentuate the roadster’s carefully crafted lines. The result is stunning, and the car looks as if it’s racing out of the darkness.

“When you think of a Ferrari you think about beautiful design, but you also think about speed, and I wanted to find a way to visualize both these things,” Oefner says.

The shoot took place last August at Ferrari headquarters in Maranello, Italy. Oefner and his team rolled a black T in a wind tunnel, waited until the wind speed hit 105 mph, and let the paint fly. Oefner used 30 gallons of red, yellow and blue UV paint and close to 40 UV lights. The car was largely obscured under the lights, and only took shape as the paint flowed over its sleek body.

To project the paint, Oefner developed a DIY hack created from small garden pumps hooked up to garden hoses lined with small holes. The pumps forced the paint through the tiny apertures, sending small, bright streams of color over the car. Some hoses were rigged to a scaffolding to really coat the entire vehicle. The filming happened with two different cameras over a period of three days. Oefner used a Phantom to get the slow-motion shots and a Arri Alexa for the rest because that camera played nicely with the UV lights.

Clean up was a bear, though. After each shot, Oefner’s team would spend up to an hour wiping the car down so they could turn it around and spray it with another color or cover another part of it.

This isn’t the first time Oefner has focused on cars in his work. A couple of years ago he took individual photos of model car parts, then pieced them together in Photoshop to make it appear as if the vehicles were exploding. He likes working with cars but always tries to add an element of art or science as a final flourish. Oefner also likes the subject because he’s a car geek with a special affection for the fast ones. “There’s that boyish fascination that I still really have,” he says.
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Old 07-07-2015, 11:40 PM
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Post IPO Worth 'At Least' $11B

Since late last year, we've known parent company Fiat Chrysler Automobiles[NYSE: FCAU] is planning to take Ferrari public on the New York Stock Exchange.

But just like the storied Italian supercars the company is famous for, available shares of the stock will be limited.

Piero Ferrari will his retain the ten-percent personal stake in the company his father Enzo founded, and 80 percent will be distributed among existing FCA shareholders. The remaining ten percent will be open for trading, and CEO Sergio Marchionne is counting on a big debut for Ferrari, recently telling reporters the value of the shares will reach "at least" 11 billion dollars.

The news comes at an important juncture for FCA. Though it has so far found no suitors, the company has been openly courting corporate mergers, which isn't often seen as a sign of strength. But its ambitious moves, which include an eight-model lineup from long-struggling Alfa Romeo, have so far met with positive feedback from the market. Its stock is up 33 percent so far this year.

An exact date for Ferrari's appearance on the exchange hasn't yet been determined, but it should come before the end of the year. Stay tuned for updates.
Sergio Marchionne: Ferrari IPO Worth 'At Least' $11B
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Old 09-06-2015, 11:15 AM
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Rare 1972 Ferrari 365 GTB/4 Shooting Brake

Press release from Hexagon...

Undoubted highlight of Hexagon’s collection at Salon Privé is its 1972 Ferrari 365 GTB/4 Shooting Brake, entered in the Post-War Coachwork concours class.

Commissioned by Luigi Chinetti (Coco), Jr it features coachwork by Panther Westwinds. Built at a cost of approximately four new Daytonas, this particular 365 GTB/4 was the 805th off the line. A standard Berlinetta, it was finished in Rosso Dino with a Nero leather interior. When completed, it was shipped to the United States and received by Chinetti Motors in the US.

The idea to turn it into a shooting brake came about in the early ‘70s, when real estate developer Bob Gittleman strolled into Chinetti Motors asking for something a bit different — and Coco was only too happy to oblige. With the drawings completed, Coco decided on Panther Westwinds in Surrey, England, and two years later the car was shipped to the UK.

Panther Westwinds modified the Daytona into a striking shooting brake. Unlike traditional shooting brakes, this Daytona estate avoided a traditional rear tailgate by using gullwing-style rear side windows for access to cargo.

The interior was also substantially new, with the instruments mounted centrally in the opulent wooden trimmed dashboard. Even the cargo load floor featured wooden decking.

Delivered to Gittleman in Florida in 1975, it remained in his possession until 1980. The car passed through various hands, including those of Texan car collector and race team owner John Mecum, and was then acquired by New Jersey Ferrari collector Bill Kontes in 1988. A decade later it was with a different owner in France.

In 2000 it was displayed at the Concours d’Elegance at Paleis Het Loo in Holland and a year later it appeared at the Cartier Style et Luxe Concours at the Goodwood Festival of Speed. Showing fewer than 4,000 miles on its odometer and in concours throughout, this one-of-a-kind custom Ferrari is spectacular and unique in virtually every way.

Hexagon Classics acquired the car in 2014 and set about a comprehensive restoration, employing the very same artisan who built the car while working at Panther in period. It has also benefited from a bare metal repaint and mechanical restoration by an official Ferrari service agent – and is in concours condition. It is for sale through Hexagon Classics.
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Old 09-06-2015, 11:16 AM
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Old 10-12-2015, 09:57 AM
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Ferrari Scion, Steered Away From Racing, Ends Up a Billionaire

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Old 10-21-2015, 02:44 PM
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Post Ferrari Valued At $9.8 Billion, Shares Start Trading Today

A year after Ferrari parent company Fiat Chrysler Automobiles [NYSE:FCAU] first announced that the storied Italian sports car manufacturer and race team would be spun off and its shares listed on the New York Stock Exchange, the initial public offering is finally complete and the shares ready to start trading.

Ferrari’s shares, which are listed under the apt ticker symbol RACE, start trading later today, with FCA CEO Sergio Marchionne set to ring the opening bell together with founder Enzo Ferrari’s son Piero and FCA chairman and Agnelli heir John Elkann.

Just like Ferrari’s cars, the company’s shares offered via the IPO were oversubscribed. This allowed Ferrari to price its shares at $52 apiece, the top end of an expected price range. With 17.18 million shares offered, representing about 9 percent of the company, Ferrari’s listing brought in approximately $893 million for FCA. It means Ferrari has a market capitalization of about $9.8 billion, and when you include some debts that Ferrari will take on from FCA you’re looking at an enterprise value of approximately $12 billion.

The remaining 91 percent of Ferrari has been passed over to existing FCA shareholders, primarily the Agnelli family-controlled Exor which gets around 25 percent and Piero Ferrari retaining his own 10 percent stake. Such a structure will ensure that control of Ferrari won't change much.

With money raised from spinning off Ferrari, FCA will be able to refinance a multi-billion-dollar investment program that will see numerous new models introduce across the automaker’s brands, primarily Alfa Romeo, Jeep and Maserati. As previously reported, these brands have much greater potential for increased returns to investors than Ferrari.
Source: Ferrari Valued At $9.8 Billion, Shares Start Trading Today
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Old 03-31-2016, 05:22 PM
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Could You Be a Ferrari Engineer? Take Their Secret Interview Quiz ?News ?Car and Driver | Car and Driver Blog

Hankering for a change of venue? Hungry for a diet of fine Italian cuisine? Like to work for one of the world’s most prestigious carmakers? You’re in luck because Ferrari is recruiting. But before throwing your graduation cap into this big-time ring, bone up with this quiz, which we understand is given to prospective hires by the Maranello-based automaker. And no fair peeking prematurely at the answers.

Comment on one of the below:

A) What are the advantages and disadvantages of gasoline direct injection versus port fuel injection?

B) What are the advantages and disadvantages of a dry-sump versus wet-sump lubrication system?

Select the one correct answer for the following:

1. What oil-pump architecture is most common?

a. rotary
b. centrifugal
c. vane
d. membrane

2. Where are blow-by gases directed?

a. intake manifold
b. exhaust manifold
c. atmosphere
d. crankcase

3. What is a typical mean piston speed for a racing engine?

a. 10 meters/second
b. 20 m/s
c. 40 m/s
d. no limit

4. What function does a secondary air system serve?

a. cool the exhaust stream
b. regulate the lambda sensor
c. increase the catalyst light-off time
d. decrease the catalyst light-off time

5. Which of the following spins at the highest rpm?

a. alternator
b. crankshaft
c. power-steering pump
d. air-conditioning compressor

6. Which treatment or coating is used to reduce friction in critical engine parts?

a. metal smoothing
b. hardening
c. diamond-like carbon
d. anodizing

7. What affect does increasing air tumble have on combustion?

a. decreases flame dissipation in a combustion kernel
b. increases flame dissipation in a combustion kernel
c. decreases combustion chamber temperature
d. increases combustion chamber temperature

8. Peak power in a gasoline engine occurs near what lambda value?

a. 0.8
b. 0.9
c. 1.0
d. 1.1

9. Which of the following would increase the likelihood of detonation?

a. advanced spark timing
b. additional EGR
c. reduced compression ratio
d. increased tumble and swirl

10. Which of the following light-duty vehicle exhaust constituents are not regulated by the Environmental Protection Agency?

a. carbon monoxide
b. carbon dioxide
c. nitrous oxides
d. formaldehyde
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Old 08-08-2018, 09:35 AM
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Ferrari came to the 2016 Paris Motor Show with four special cars, each styled in a way reminiscent of famous drivers of its cars. There was the Stirling Moss F12 Berlinetta, the Michael Schumacher 488 GTB, the David Piper 488 Spider and the Steve McQueen California T. But according to a recent lawsuit by McQueen’s son, Ferrari used the late actor’s name to advertise and sell the car without the family’s knowledge or consent.

The cars marked Ferrari’s 70th anniversary, which the company celebrated by making 350 special-edition vehicles to sell. Ferrari offered 70 different liveries across five cars honoring famous people who drove its cars, with one of those being McQueen. McQueen, who starred in the 1968 movie Bullitt, had a brown 1963 Ferrari 250 GT Berlinetta Lusso given to him by his wife. Ferrari brought the California T to Paris in that same brown.

Less than two years later, Steve McQueen’s son, Chadwick McQueen, filed a lawsuit in the Superior Court of California in Los Angeles over the car. Court documents show that Chadwick McQueen and the bank acting as a trustee for Steve McQueen’s testamentary trust filed on July 30 of this year, and The Hollywood Reporter published the news and the full complaint soon after.

Chadwick McQueen, who the lawsuit said is the co-owner of Steve McQueen’s trademark rights, alleges that Ferrari used his father’s name on the car and in advertising it without telling or getting consent from the family.

Online records show that there is no counter from Ferrari yet, in which the company would accept or deny the claims against it. Since there is no counter, Jalopnik has asked Ferrari for comment on the lawsuit and will update this story if we hear back.

The lawsuit alleges that Chadwick McQueen “personally visited Ferrari” in 2011 to talk about working together on a potential McQueen car, so long as he and the family would have approval rights and involvement in the project. When “The McQueen” version of the California T came out and the family learned of it in 2017, the lawsuit said, they were “shocked” to find out Ferrari started marketing the car “without [the family’s] notice or authorization.”

The lawsuit has images of ads and Facebook posts from Ferrari that directly mention Steve McQueen, and said Ferrari changed the name of the car to “The Actor” after representatives for the plaintiffs contacted Ferrari about it. But, the lawsuit alleges and has a screenshot of, Ferrari continued to reference Steve McQueen on its webpage for the car.

In the lawsuit, Chadwick McQueen and the bank acting as a trustee asked the judge to stop Ferrari from using Steve McQueen’s name and likeness in regards to the car, for the “destruction” of all prior marketing on the car relating to Steve McQueen, for all of the profits earned by Ferrari in relation to the Steve McQueen-themed California T, and for damages relating to the alleged trademark violation.

The Hollywood Reporter has the full complaint here.
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Old 06-27-2019, 03:20 PM
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Post Iconic Ferrari 250 GTO recognised as work of art

Yup, it is. So...beautiful...

Source: https://www.telegraph.co.uk/news/201...rlds-valuable/
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Old Yesterday, 08:31 PM
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Post This 1958 Ferrari 250 GT Series I Could Fetch $8 Million At Pebble Beach

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