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Ferrari USA boss takes over as F1 team principal steps down

Stefano Domenicali, the team principal of Ferrari's struggling Formula One team, has resigned. Domenicali's term at the helm of the legendary F1 team started with a bang, as the Scuderia captured the constructors' title in 2008, but went downhill rather quickly.
In his tenure, Domenicali, above, has witnessed Red Bull assert its dominance of F1 while the red cars from Italy have languished, failing to even challenge for a championship during the past four seasons. Ferrari's best season under Domenicali was 2012, and it still finished 60 points behind Red Bull.
Domenicali issued a statement saying he took "responsibility, as I have always done, for our current situation."

Ferrari CEO could retire Friday letting Marchionne step in

Rumors once again suggest that current Ferrari CEO Amedeo Felisa plans to retire from the role. Anonymous insiders tell Bloomberg that the announcement could come as soon as April 15, with an announcement at the company's upcoming investors meeting. Sergio Marchionne is the favorite to become the new CEO, the unnamed sources claim. Felisa would step down as CEO after Ferrari nominates its new board of directors, according to Bloomberg. He would likely retain a seat on the board and could still do some work at the company. Felisa joined the sports car maker in 1990 as director of product development. He replaced Jean Todt as CEO in 2008. Marchionne is already Ferrari's chairman, and taking on the CEO role in addition would give him greater control over the brand's future. Bloomberg's insiders note that Marchionne's takeover isn't final yet, and someone else could conceivably get the role. The sweater-wearing exec has a clear view for Ferrari's future, though. He plans to increase volume to around 10,000 vehicles a year, but he's staunchly against building an SUV or an EV. If he takes control, expect him to work out a plan to increase the Prancing Horse's share price. At its October IPO, the stock started at $52 a share; today it opened at $41.24. Rumors about this shift have been swirling for months. For example, reports from Italian media in June 2015 suggested Felisa would retire as CEO. Subsequent rumors claimed Marchionne was the frontrunner to take over the position. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Ferrari FF spotted testing, may get new turbo engine

With the introduction of the turbocharged Ferrari 488 GTB at the upcoming Geneva Motor Show, the FF is about to be the oldest model in the Ferrari lineup. The Prancing Horse doesn't appear to want the 2+2 shooting brake getting too much longer in the tooth, though, if this prototype is any indication. This one wears all of its camouflage around the lower grille and hood, and the tape makes it look like Ferrari is trying to direct air to some new ducting under its bodywork. Beyond just some updated styling, these changes suggest something different is going on under the hood. One possibility stems from an earlier rumor that Ferrari's V12 models could get hybrids to be more efficient and boost power. Alternatively, other rumors suggest that the FF might get the 3.9-liter turbocharged V8 from the California T and 488 GTB to create a new, entry-level model. Ferrari has already been caught on video lapping an FF around the Fiorano test track. It looked relatively normal except for some odd exhausts poking out the rear, which weren't on display for this test car. In any case, one thing is certain: The Prancing Horse definitely has something in the works for its all-wheel drive wagon.