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Is Ferrari for sale?

Reports out of Europe have Fiat considering selling a big chunk of Ferrari S.p.A. to raise cash so it can increase its stake in Chrysler Group to 51 percent. The Italian newspaper Il Corriere della Sera said it has gathered information at Fiat’s Turin headquarters and reported Fiat wants to raise cash to fund buying 51 percent of Chrysler, up from the 20 percent it owns now.

Scrappage helps UK car sales in October

Scrappage Scheme sales accounted for 20% of sales in October Despite our reservations about the Scrappage Scheme, it does seem that it has inspired buyers in to showrooms in the last few months. And October has recorded a year on year increase of 31.6%, although total car sales are still down over 12% on 2008 figures. October saw a big rise in new cars sales to private buyers with sales rocketing by 86%, and there were rises in the fleet and business market.

Michael Schumacher’s Ferrari Enzo and Ferrari FXX both up for sale

Michael Schumacher’s Ferrari Enzo Pictures) is up for sale Michael Schumacher may have made his mark in motor racing history thanks to Ferrari, but now he’a a Mercedes man he seems to be divesting himself of his Ferrari cars. A dealer in Switzerland – no doubt not too far from Michael’s home – has two of his Ferraris up for sale at the moment, both at slightly ‘Premium’ prices. The first Schumacher Ferrari on the lot at Zenith in Lausanne is Michaels very own Enzo, finished in Ferrari Red) as you would expect) with a tan leather interior (which you wouldn’t).