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Weekly Recap: Ferrari looks to reclaim old success with new manager

Clearly, Ferrari doesn't race for fourth place, and this week, major changes continued at the Scuderia. It was a rough year for Ferrari, and the Scuderia conducted its season-ending tests in Abu Dhabi this week with a view toward a fresh start in 2015 with new leaders and a new ace driver. Though plenty of other Formula One teams were disappointed with their finishes in 2014, Ferrari was perhaps the most eager to put this season in its rear-view mirror. The Scuderia finished a distant fourth in the Constructors standings with 216 points, well behind No. 1 Mercedes (701 points), and Ferrari failed to win a single race as the Silver Arrows dominated the grid. It was an especially bitter pill for a team that claims 16 Constructors championships and 15 Drivers titles – the most in history – and is the only surviving team from F1's first season, 1950. Clearly, Ferrari doesn't race for fourth place, and this week, major changes continued at the Scuderia. Ferrari named Philip Morris executive Maurizio Arrivabene as team principal. He replaced Marco Mattiacci, who held the job for only seven months after taking over for Stefano Domenicali, who resigned in April amid the Scuderia's early-season struggles. Phillip Morris (through its Marlboro brand) is a key Ferrari sponsor, and that played a role in Arrivabene's ascension. Still, he's no stranger to F1, and has been intimately involved in the Ferrari-Marlboro partnership. He also has served as the sponsors' representative on the FIA's F1 Commission since 2010. In a statement, new Ferrari chairman Sergio Marchionne said: "We decided to appoint Maurizio Arrivabene because, at this historic moment in time for the Scuderia and for Formula One, we need a person with a thorough understanding not just of Ferrari, but also of the governance mechanisms and requirements of the sport." Arrivabene's background is primarily in marketing and communication, and most recently he held the title of vice president of consumer channel strategy and event marketing for Philip Morris. He has been with the company since 1997. Arrivabene now leads a team that's rife with change. Marchionne took over in October when longtime boss Luca di Montezemolo quit in a disagreement about Ferrari's future, and the company itself will be spun off from parent Fiat Chrysler Automobiles in 2015.

Ferrari IPO could come any day now

According to Bloomberg, Fiat Chrysler Automotive Sergio Marchionne told reporters at the Toronto Global Forum that the Ferrari IPO could come any day now. "We are days away from filing the prospectus," said Marchionne, who declined to confirm whether rumors of involvement from UBS Group AG, JPMorgan Chase & Co and Goldman Sachs Group were accurate. In addition to an expected filing in New York, Marchionne hinted that a secondary filing could take place in Milan, Italy. Although the FCA Chief Executive didn't offer any expected sum for Ferrari, he had previously suggested that an IPO for the iconic Italian brand could be worth $1 billion, ringing the registers to the tune of 10 percent of the company's $11 billion valuation. According to Bloomberg, that potential sum is significantly higher than its own internal figures indicate after taking a poll of analysts who we assume must know a heck of a lot more about such things than we do. Considering how close we apparently are to the actual filing, though, we probably won't have to wait long to find out. Another hot topic any time Sergio is the subject of reporter questioning is a potential merger with General Motors or another large, full-line automaker. It seems there aren't any new revelations to reveal on the consolidation front, though Marchionne told reporters there were no plans to mount a hostile takeover of GM or any "other, less optimal" partners. Related Video: News Source: BloombergImage Credit: STR/AFP/Getty Earnings/Financials Chrysler Ferrari Fiat Sergio Marchionne FCA

Miami Vice Ferrari Testarossa headed to auction

Push up the sleeves on your suit jacket, get your favorite pastel T-shirt out of the closet and put on those Wayfarers for a trip to Monterey Car Week on the California coast. One of the 1986 Ferrari Testarossa hero cars from the hit '80s show Miami Vice is heading across the auction block there on Aug. 15. Even if you have no interest looking like Sonny Crockett, this is still a beautiful Prancing Horse. The story behind the Ferraris on Miami Vice is just as entertaining as the show. For the first two seasons, Don Johnson's Sonny Crockett drove a black Daytona Spyder, but in reality it was a C3 Corvette underneath. Ferrari reportedly threatened to sue the replica maker, and a compromise was worked out to cease production in exchange for two Testarossas. Originally black, they were repainted in white to pop better in night scenes. Mecum's example is part of that duo. Beyond the TV connection, this Testarossa is one of the early examples with the side mirror on a stalk that's perched high on the A-pillar. It still packs a 4.9-liter, 390-horsepower flat-12 engine paired with a five-speed, gated manual gearbox with a recent $8,000-engine-out service. Inside, there's cream leather and even a car phone that's period correct. This example is quoted with just 16,124 miles and authentication by Ferrari North America and Ferrari Classiche. Late last year, another white Testarossa showed up on eBay claiming to be one of the Miami Vice hero cars. The seller was asking for a $1.75-million Buy-It-Now for that one. It will be interesting to see how Mecum's Ferrari performs on the auction block in Monterey. "MIAMI VICE" HERO CAR SPEEDS INTO MECUM AUCTIONS MONTEREY 2015 Iconic 1986 Ferrari Testarossa to be offered at The Mecum Daytime Auction Aug. 15 WALWORTH, Wis. – July 7, 2015 – The star of the '80s-era television series "Miami Vice" is coming to the Mecum Daytime Auction in Monterey this Aug. 13-15. No, not Sonny Crockett and Ricardo Tubbs—the flashy detectives played by Don Johnson and Philip Michael Thomas who fought episode-after-episode against the seedy underworld of Miami—but their 1986 Ferrari Testarossa. This iconic supercar with its signature side strakes was one of the quintessential poster cars that found itself plastered on many a teenager's bedroom wall in the 1980s, and it will now be offered for sale at the Hyatt Regency Monterey Hotel and Spa – Del Monte Golf Course this Aug. 15.