1995 Ferrari F512 M on 2040-cars
Van Nuys, California, United States
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For sale is a 1995 Ferrari 512 M. The M standing for modificata. This beauty is Ferrari's two-door coupe V12 engine super car. This specific one is number twenty from all the 512M's made. The F512 M is the last version of Testarossa. 501 cars were produced in total, of which 75 were shipped to the United States. Original owner of the car was Lorenzo Lamas and i am currently the 7th owner. The car looks as if it's brand new. Complete Service was done on July 2, 2014 through Auto Gallery. If you have any questions regarding the service you can call (818) 932-1713 and ask for Nick the Service Manger or Eric the Ferrari technician. All the belts, gaskets, hoses, have been replaced and all brand new fluids. On top of that a brand new clutch along with, a brand brand new throttle baring. The car has brand new tires along with a set of brand new wheels. I also have the original tires and wheels. That is up to the buyer whether he or she would like the new ones or pervious ones. The car has also been certified CLASSICHE CERTIFUCAZIONE through Official Ferrari. I am now just waiting on the book from Marenello that is also included in the deal. I was one of the first ones to actually certify a F512 M. This 512 M is 100% original nothing has been replaced or changed except for the new wheels. I have the signal lights in both white and yellow. Currently the car's setting on on white. I have the complete tool kit and books along with a cover for the car, steering wheel, and seats. As you guys may know the cars value is increasing by a lot and many people trying to buy for the their collection. Everything from up keep to retaining the cars original look is done. This car was kept in a show room for the duration of my ownership, mainly used for weekend trips to car shows and charity events. This is not only a collectors item but, for Ferrari owners who truly know the beauty and power of the 512 M. $25,000 has been spent over all on the car to retain and keep the cars condition at its best. have the rights to cancel at any time. Please only bid if your are sure about it. As you can see I have 100% feedback so I myself am a serious seller. I have been with ebay since 2003. Serious buyers only and if you have any questions regarding the car feel free to contact me through email or phone call. masisnazaryan@sbcglobal.net or (949) 209-7897 Mike
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Montezemolo steps down, Marchionne steps up as chairman of Ferrari
Wed, 10 Sep 2014If the history of an automaker is divided up by the mandate of its leadership, then this is surely the end of an era for Ferrari. After repeatedly locking horns with Fiat Chrysler CEO Sergio Marchionne over a variety of issues, longtime Ferrari chairman Luca di Montezemolo has announced his resignation.
Montezemolo has a long history with both Fiat and Ferrari. He started his career at the former before moving over to the latter in 1973 (only a few years Fiat took over half of Ferrari), starting out as Enzo Ferrari's assistant. He was appointed head of the Scuderia the following year, driving the team to success and subsequently taking over all of the Fiat group's racing activities. After the Prancing Horse marque struggled in the wake of its founder's death in 1988, Montezemolo was appointed to take it over in '91 and has been at the helm ever since.
Following Fiat chairman Gianni Agnelli's passing in 2003, both Montezemolo and Marchionne were named to the Fiat board. A year later, after the passing of Gianni's younger brother Umberto, Montezemolo was named chairman of the Fiat Group (to be succeeded six years later by Agnelli heir John Elkann) and Marchionne its chief executive.
Ferrari F50s duel in world's most improbable tug-of-war
Thu, 11 Apr 2013If it wasn't obscene enough to go off-roading in a Rolls-Royce Phantom or rally driving a Ferrari Enzo, the Tax The Rich crew has gotten its hands on a pair of ultra-rare Ferrari F50 models to perform a tug-of-war battle, which we usually see reserved for pickup trucks. Only 349 F50s were ever built, but this video pits two of them against each other by attaching a rope to the front ends, throwing the shifter into reverse and punching the throttle.
As we've come to expect from this video troupe, the action starts off with plenty of gravel-chucking, dirt-road drifting before the two cars finally meet head-to-head. Scroll down to watch the 520-hp V12s screaming in reverse as the tires smoke away.
Ferrari to pay Fiat Chrysler $2.8B prior to spinoff
Sat, 15 Nov 2014Fiat 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.