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Kimi Raikkonen returns to Ferrari
Wed, 11 Sep 2013The so-called "silly season" in Formula One conjured up all kinds of rumors, and most of them revolved around Kimi Raikkonen. Would the 2007 World Champion stay at Lotus? Would he switch to Red Bull to replace Mark Webber? Would he return to Ferrari?
Well now we have the answer. Ferrari has confirmed that the Finn is heading back to Maranello, where he will partner with Fernando Alonso starting next season in a two-year deal. That means Felipe Massa, who has been at Ferrari since 2006 but has struggled to keep up the pace since his catastrophic crash in 2009, will need to find a new seat.
The announcement opens up a series of questions as a game of musical chairs commences. Where will Massa go? Who will fill Raikkonen's seat at Lotus? And will Alonso tolerate the team bringing in another former champion and serious contender to challenge his position as number one at the top team? We'll just have to wait and see, but the move in and of itself demonstrates a certain businesslike lack of personal emotion on Kimi's part, having been unceremoniously dumped by Ferrari three years ago to make way for Alonso. Head on down below for the rather Raikkonenly brief announcement.
Stellantis ready to kill brands and fix U.S. problems, CEO Tavares says
Thu, Jul 25 2024Â MILAN — Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its chief executive Carlos Tavares said on Thursday. The warning for lossmaking brands is a turnaround for Tavares, who has maintained since Stellantis was created in 2021 from the merger of Italian-American automaker Fiat Chrysler and France's PSA that all of its 14 brands including Maserati, Fiat, Peugeot and Jeep have a future. "If they don't make money, we'll shut them down," Carlos Tavares told reporters after the world's No. 4 automaker delivered worse-than-expected first-half results, sending its shares down as much as 10%. "We cannot afford to have brands that do not make money." The automaker now also considers China's Leapmotor as its 15th brand, after it agreed to a broad cooperation with the group. Stellantis does not release figures for individual brands, except for Maserati which reported an 82 million euro adjusted operating loss in the first half. Some analysts say Maserati could possibly be a target for a sale by Stellantis, while other brands such as Lancia or DS might be at risk of being scrapped given their marginal contribution to the group's overall sales. Stellantis' Milan-listed shares were down as much as 12.5% on Thursday, hitting their lowest since August 2023. That brings the loss for the year so far to 22%, making them the worst performer among the major European automakers. Few automotive brands have been killed off since General Motors ditched the unprofitable Saturn and Pontiac during a U.S. government-led bankruptcy in the global financial crisis in 2008. Tavares is under pressure to revive flagging margins and sales and cut inventory in the United States as Stellantis bets on the launch of 20 new models this year which it hopes will boost profitability. Recent poor results from global carmakers have heightened worries about a weakening outlook for sales across major markets such as the U.S., whilst they also juggle an expensive transition to electric vehicles and growing competition from cheaper Chinese rivals. Japan's Nissan Motor saw first-quarter profit almost completely wiped out on Thursday and slashed its annual outlook, as deep discounting in the United States shredded its margins. Tavares said he would be working through the summer with his U.S. team on how to improve performance and cut inventory.
Possible Ferrari F70/F150 specs emerge from private showings
Fri, 01 Feb 2013At a private showing in Maranello, a group of lucky souls got to sneak a peek at the upcoming successor to the Ferrari Enzo, which has been referred to as both the F70 and F150 (not that F-150). While we still don't get any name confirmation or a definitive idea (aside from spy shots) as to what the newest Ferrari supercar will look like, one of the attendees did manage to pass along some vital performance information about the car as well as production numbers that are said to be limited to just 499 units.
The report on Auto-Blog.com.mx confirms that the Enzo successor will utilize an 800-horsepower V12 paired with a hybrid KERS good for another 150 hp. The engine's peak power kicks in at a screaming 9,200 rpm, while peak torque (not divulged) will be available at just 1,000 rpm. That kind of power could be great in just about anything, but the report also says that this new Ferrari model will have a dry weight of just 2,799 pounds (about the same as the Subaru BRZ and Scion FR-S twins and just slightly more than a Mazda MX-5 Miata). Rumored speed times include a top speed of 229 miles per hour, and the ability to run from 0-60 mph in less than three seconds; doubling that speed takes an extra second.
We've already seen the car's carbon fiber chassis and now we're just waiting to see the production car in real life, but Ferrari has not announced when the car will be introduced.