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LaFerrari XX may have lapped N?rburgring in 6:35

Enthusiasts around the world - ourselves included - have been anxiously awaiting the ultimate supercar showdown. After all, we seldom see three of the world's preeminent exotic automakers come out with such closely matched machinery in such close proximity as we have with the Porsche 918 Spyder, McLaren P1 and Ferrari LaFerrari. That showdown could occur on no better a playing field than the Nürburgring, but the automakers haven't exactly been playing ball.
Porsche set down a lap time of 6:57, staking its claim as the fastest street-legal production car ever to lap the vaunted Nordschleife. Rather than challenge Zuffenhausen head-on, though, McLaren has only said that the P1 has clocked a time of under seven minutes, and though Ferrari has been testing the new LaFerrari at the Ring, it hasn't released any official time at all. Maranello may, however, be preparing to announce an even faster time.
According to word we're receiving from across the pond, Ferrari has clocked a lap time of 6:35 - only it wasn't achieved in the road-going LaFerrari, but in the upcoming track-bound LaFerrari XX. That model, which was just confirmed and spied last week, will follow in the footsteps of the Enzo-based FXX and the 599XX, which itself recorded a lap time of 6:58 in 2010. Because it's not street-legal, it didn't contend for the same honors, and within a couple of months was pipped on the leaderboard for non-street-legal vehicles by the Pagani Zonda R by over ten seconds.

Ferrari 458 Scuderia to be unveiled in Frankfurt?

We're heavy on the speculative side with this, but Auto Express is saying that "Rumours of Ferrari 458 Scuderia emerge, with possible debut at the Frankfurt Motor Show." To be clear, that's the possible debut of a car that is still only a rumor, and we're not sure it will be called "Scuderia," either - remember, the track-day 360 was the Challenge Stradale. Admittedly, the rumor of its existence is strong and there is plenty of precedent: Ferrari has introduced some model or variant of its mid-engined V8 sports car at the last three Frankfurt Motor Shows.
Car and Driver went into a great deal of indepth speculation about the coming, track-focused 458 in a piece back in May, and also predicted it would be shown first in Frankfurt. According to C/D we can expect "roughly 600" horsepower and 9,300-rpm redline - up 300 rpm from standard - a faster shifting seven-speed gearbox, a dry weight under 2,900 pounds thanks to "exotic compound materials" and a "slightly stripped interior," less exhaust silencing, uprated carbon-ceramic brakes and active aerodynamics on the rear diffuser.
As far as rumors go this one sounds thoroughly lovely. We hope to see it in made metal in Frankfurt in two months, you can enjoy a detailed gallery of the 563-horsepower Ferrari 458 Challenge above for now.

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.