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Archive for the ‘Auto Misc.’ Category

Bruce Meyers was hanging out at Pismo Beach on California’s Central Coast one afternoon in 1963 when he saw something that both blew his mind and changed his life: a handful of old, stripped-down cars bouncing across the sand.

It sure would be fun to get behind the wheel of one of those, Meyers thought, if only they weren’t so ugly and didn’t appear so uncomfortable. He built his own solution: a “dune buggy” fashioned out of lightweight fiberglass mounted on four oversized tires with two bug-eyed looking headlights and a blindingly bright paint job.

The result would become both an overnight automotive sensation and one of the talismans of California surf culture, especially when he created a space in the back to   …  More

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Since 2016, Ferrari has been a publicly-traded company that is listed on the New York Stock Exchange under the ticker symbol “RACE”. Here is the update to who owns Ferrari in 2021:

Institutional investors own 59% of the company.
The largest shareholder, with 24% of shares outstanding, is EXOR NV, Asset Management Arm (owners of Fiat Crysler Automobiles.
Piero Ferrari is the second-largest shareholder holding 10% of the shares
T. Rowe Price Group, Inc is the third-largest shareholder owning 4.7%
The general public owns  …  More

Ferrari debuts on Wall Street – On 21 October, 2015 at 9.30 ED, flanked by FCA Chairman John Elkann and a group of Prancing Horse executives, Ferrari Chairman Sergio Marchionne rang the opening bell at the NYSE which traditionally marks the start of trading on the floor of what is considered the world’s leading stock exchange. Ferrari N.V. has chosen RACE as its ticker symbol for the listing.

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Electric-powered cars are now the rage. Tesla’s market capitalization is seven times larger than that of General Motors and fourteen times larger than Ford’s, though it builds a fraction of the vehicles that those companies do. Many politicians are even considering banning gasoline-powered cars within a few years in favor of electric vehicles (EVs), all in the name of saving the planet.

This has significant meaning to me. As a third-generation automobile dealer, I need to get ahead of the curve and prepare for what is next. I want to sell what people want to buy. I have driven the Volkswagen Golf EV, the Honda Clarity plug-in (PEV), and now the Hyundai Kona EV. All have good  …  More

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