Fiat Chrysler Automobiles on Monday finally priced its initial price offering for Ferrari at $48 and $52 per share for 10 percent of the luxury carmaker when its stock goes sale, the Detroit News reported. The pricing values Ferrari at roughly $9.8 billion — less than the $12 billion reported last week — and analysts say the interest in the stock, which will trade under the symbol RACE, is roughly 10 times higher than available shares.

The IPO is part of FCA’s long-term strategy to raise cash for investment in its own vehicles in Jeep, Dodge, Fiat, Chrysler and Maserati brands. According to paperwork filed ahead of the IPO, 10 percent of the company will remain with Ferrari scion Piero, 80 percent will be distributed among Fiat family ownership.

Read More >

The supercar maker may be valued at more than $12.4 billion ahead of its initial public offering, which could happen as early as Friday, Bloomberg (via Automotive News) reported.

Ferrari may price its shares Friday night when it offers 10 percent of the Maranello-based automaker to the public. The remaining ownership of the carmaker will remain largely with the same ownership group, comprised mostly of the Agnelli family and Piero Lardi Ferrari.

Fiat Chrysler Automobiles CEO Sergio Marchionne said in July that Ferrari would be worth roughly $11 billion, which analysts balked at being a little ambitious. Since then, Ferrari’s value may have climbed as Marchionne told investors that Ferrari wasn’t necessarily an automaker, but rather a luxury brand that could be more profitable than a traditional carmaker.

Read More >

German transportation authorities said Friday that Volkswagen can’t phone a friend for help, they’re on their own.

“At this point we have no indication of other manufacturers being involved,” a government spokesman, said according to Reuters (via Automotive News Europe).

Being the only automaker embroiled in the scandal — for now — means that Volkswagen will have to face alone the wrath from governments tripping over themselves to charge the automaker with just about anything they want. In the U.S., Volkswagen faces a pending congressional inquiry; in France, prosecutors have opened an investigation for “aggravated deception;” in Italy, the government’s antitrust authority has begun an investigation; in Switzerland — you get the idea.

Read More >

According to a report by Automotive News, Maserati North America may have falsified nearly half their sales in December 2014 and an undisclosed amount for other months through a demonstration car scheme that rewarded dealers for being complicit in the scheme.

A lawsuit filed by Recovery Racing, owner of multiple Maserati stores in the northeastern U.S., claims a program aimed at falsely boosting sales numbers financially disadvantaged its business because of its reluctance to participate.

Read More >

Those really keen on the Mazda MX-5, but undeterred by reliability and resale issues are in luck. The reborn Fiat 124 Spider, built upon the fourth-generation MX-5, will be revealed in November at the Los Angeles Auto Show as expected, reports The Detroit Bureau.

Citing a source within the company, the reborn 124 Spider nameplate will be the home of two flavors — normal and Abarth — with the latter receiving the same 1.75-liter, turbocharged, four-cylinder engine as the Alfa Romeo 4C.

Read More >

Remember earlier this month when Mazda MX-5 Miata program chief, Nobuhiro Yamamoto, said if you wanted to complain about the roadster’s lack of power, you could shove it down the aftermarket hole of your choice? Those were good times, two weeks ago.

It seems Fiat COO Alfredo Altavilla is of a completely different mindset when it comes to their own MX-5-derived 124 Spider, specifically any version of the car wearing a scorpion badge.

Read More >

Recent sales growth in the EU hasn’t been kind to Opel as the group is forced to reduce hours at two German plants.

According to Automotive News, Opel will cut production of the Adam and Corsa at Eisenach and Insignia and Zafira Tourer at Ruesselsheim. The move is due to Opel’s exit from the Russian market and what the automaker calls “moderate” gains in the rest of Europe.

However, within the EU, overall sales for all automakers are up 8.2 percent in the first six month of this year and 14.6 percent in June, according to ACEA.

Read More >

Mahindra’s attempt to buy Italian design firm Pininfarina collapsed over the weekend due to opposition by the latter’s creditors.

Read More >

This is the first ever set of spy shots of the upcoming Mazda MX-5 Miata based Fiat 124 Spider with near-production body work.

Damn, honey, you’ve got a big nose.

Read More >

Today, at the Alfa Romeo Museum near Milan, was the first day for a completely new design language from the fabled Italian automaker. The Alfa Romeo Giulia will also mark the return of the brand to North America for those of us needing a bit more practically than what’s offered by the 4C.

Best of all, the Quadrifoglio will be available right out of the gate with 510 horsepower from its Maserati-derived six-cylinder engine.

Read More >

It’s official: Lamborghini is entering the high-end luxury SUV game with a model set to hit showrooms by 2018.

Read More >

Like France falling out of love with diesels, Italy is falling out of love with mopeds and scooters due to changing trends.

Read More >

As FCA holds their first annual general shareholders meeting in Amsterdam (after 114 such meetings in Turin), Pirelli has been sold to the Chinese. Pininfarina negotiates its sale to Mahindra. The Italian automotive industry as a whole is in a sad state. The reasons for this are many, but the process of “de-Italianization” of the country’s auto industry continues. In the end, all there could be left is a memory and many homeless ghosts.

Read More >

Aston Martin is entering the high-end luxury SUV/crossover game, while Lamborghini is still debating whether or not the LM002 needs a successor.

Read More >

After being purchased over a month ago, De Tomaso once again finds itself with a new owner.

Read More >