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Ferrari family won't sell stake in company

Ferrari may be splitting off from the Fiat Chrysler Automobiles group and launching its IPO independently, but those stocks it's going to float are coming out of Fiat's hands. The small portion still held by the Ferrari family looks destined to stay in their control for the time being. According to the latest report from Reuters, Enzo's son Piero says he has no intention of selling any of the 10 percent interest he and his family hold in the company founded by his late father. "I have never sold and I have no intention of doing so," said Piero, as quoted in the report. Piero Ferrari is the illegitimate son of Enzo Ferrari and his mistress Lina Lardi. His half-brother Dino died in his twenties from complications associated with muscular dystrophy, and in accordance with Italian custom, Piero was only acknowledged as Enzo's heir after the death of the father in 1988. Representing the family's holdings, Piero still acts as vice-chairman of the company but devotes his day-to-day to running aerospace manufacturer Piaggio Aero. News Source: ReutersImage Credit: Marco Vasini/AP Earnings/Financials Ferrari stock piero ferrari

Ferrari 458 Speciale Spider will make Paris debut

The news out of Ferrari is coming nearly as fast as its wonderful sports cars, as of late, with CEO Luca di Montezemolo stepping down and a special model for America upcoming. Now, it's looking increasingly likely that the 458 Speciale Spider is making its world debut at the 2014 Paris Motor Show in early October, confirming earlier rumors.
Di Montezemolo had already confirmed that the Prancing Horse would unveil a new car in Paris, but exactly which model it would be had been a mystery. However, an unnamed Ferrari insider has recently confirmed to 4WheelNews that it would be the droptop Speciale.
As the name suggests, the special model takes the sonorous 4.5-liter V8 engine from the 458 Speciale with 597 horsepower and 398 pound-feet of torque and drops it into the convertible hardtop from the Spider. According to the source, the special Ferrari is also getting new wheels, stripes and seats, but the folding top might mean losing the coupe's transparent engine cover.

Ferrari SUV in the works, finally?

There are some things that Ferrari just won't do. Pink cars. Electric vehicles. SUVs. Well, about that last one... There's long been talk about Ferrari taking the leap and producing a utility vehicle to rival the likes of the Porsche Cayenne (but, like, for way more money). Lamborghini has already gotten the hint with the upcoming Urus. Now, Car says that it can confirm that Ferrari is, in fact, working on a crossover, and the project is codenamed F16X. The British magazine even has its own artist rendering of the rumored ute, though if that's what the thing actually ends up looking like, we'll eat our hat. Car's sources in Maranello say that the vehicle will be built alongside the next-gen GTC4 Lusso (current model pictured above) with aluminum architecture, that it'll be a high-riding soft-roader, and will feature rear suicide doors with no B-pillar (picture a big opening to the rear seats). It will have all-wheel drive, building on Ferrari's experience with the FF and GTC4 Lusso. Under the hood will be a gasoline V8, possibly with a hybrid powertrain option. The Ferrari F16X won't be cheap, of course, and is expected to fetch about $342,000 at today's exchange rates. We're assuming that doesn't account for the cost of inflation between now and 2021, when the CUV is expected to launch. And don't be surprised if Ferrari does everything it can to avoid using the words "crossover" or "SUV" in reference to the F16X. Related Video: