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Ferrari to keep CEO Amedeo Felisa post spin-off

Ferrari is undergoing a big shakeup, and not just on the Formula One racing grid. It's just parted ways with its longtime chairman, is being spun off from the rest of the Fiat Chrysler Automobiles group and will soon launch its initial public offering on the stock market. But one thing it's not about to change at this point is its CEO. Speaking to journalists in Milan this past Friday, FCA chairman John Elkann said, "There will be no CEO change," indicating that the job of chief executive Amedeo Felisa is secure for at least a while longer. After two decades at Alfa Romeo, Felisa joined Ferrari back in 1990, was named general manager in 2006 and chief executive in 2008. In that capacity, he's always reported to company chairman Luca di Montezemolo, whose place was recently taken by Sergio Marchionne. It remains unclear, however, just how directly involved Marchionne will remain in the Prancing Horse marque, especially after the spin-off, and what that would mean for Felisa. In launching the IPO, Ferrari could institute a loyalty scheme that would award additional stake to the company's oldest and largest shareholders – which would only further entrench the holdings of the Agnelli family which Elkann heads and which stands to become the largest stakeholder in Ferrari after its separation from the rest of the group.

2017 Ferrari GTC4Lusso First Drive

The Ferrari FF is a monster, a four-wheel-drive bread van with a 6.3-liter V12 that people like us have adored since it arrived in 2011. It's great to drive and better to look at, a shooting brake with more power, less practicality, and a higher price tag than pretty much anything else in this shape. Ferrari has sold almost 6,000 of them, handily beating its target of 800 per year. It was a success by any measure. Its replacement, the GTC4Lusso, might sound like something out of Ferrari's mad, bad Sixties brochures, but under the skin is pretty much the same aluminum-alloy space frame of the FF. Ferrari has carefully listened to its critics on practicality, price, and power, and duly made the GTC more powerful, pricier, and not much more practical. There have been some slight stylistic adjustments. A scallop was cut into the front fender and door skins to reduce the visual weight, and the roofline has been extended, terminating in a slight spoiler at the waist, which is said to improve aerodynamic efficiency by up to six percent. It looks sharp and mean on its 20-inch five-spoke alloys, although some of the detail, such as the wing vents and the absurdly long hood, verge on the cartoonish. The basic 65-degree, 6.3-liter, quad-cam V12 stays largely the same, but has a higher compression ratio and redesigned cylinder heads and pistons, which make the fuel/air mix burn more efficiently and consequently provides 30 more horsepower. The engine shrieks to 8,250 rpm, but peak power is 681 hp at 8,000 rpm with peak torque of 514 pound-feet produced at 5,750 rpm. Top speed remains the same at 208 mph, but the 0–62 mph acceleration time comes down slightly to 3.4 seconds. US gas mileage is yet to be homologated, but the European-cycle figures improve slightly – not that you care. The engine drives a rear-mounted, seven-speed, twin-clutch transaxle and then there is that extraordinary four-wheel-drive system, which consists of a simple, helical-cut, hydraulically controlled gearbox running off the front of the crankshaft. It weighs 100 pounds and has two speeds plus reverse and a couple of Haldex-type clutches to activate each wheel when required in first to fourth gears and at speeds below 124 mph. New for the GTC is a ZF rear-steering system, a ram powered by an electric motor that pushes the rear suspension against its bushings to give a couple of degrees steering in either direction.

Ferrari LaFerrari Spider reportedly debuts privately

If the Porsche 918 Spyder didn't fulfill your dream of open top motoring in a hybrid hypercar, look for Ferrari to publicly debut a topless version of the LaFerrari (standard version above) in the near future. The Facebook page for Automotive Passion (D. Benoit) asserts the LaFerrari Spider is finally on the way and backs up the claim with a photo of a carbon-fiber box that bears the vehicle's sharp silhouette (below). Motor1 claims that Ferrari plans to build 150 to 200 examples of the LaFerrari Spider, which is less than half of the 499 coupes, and customers already snapped them all up. The Prancing Horse is reportedly charging a hefty premium over the hardtop's $1.4-million price tag for the droptop. Given the coupe's sales success, we are surprised Ferrari didn't take the LaFerrari's roof off even sooner, and rumors about the Spider go back to at least 2014. The removable top might add a few pounds, but the 949-horsepower 6.3-liter hybrid V12 should still be plenty to hustle the hypercar around. Ferrari debuted the LaFerrari Spider at a private event, according to Motor1. Showing the hypercar suggests development in nearing completion, so expect a public debut and official info sometime this year. Ferrari is bringing out LaFerrari Spider!© Private #laferrari #spider #laferrarispider #ferrari Posted by Automotive Passion (D. Benoit) on Friday, March 4, 2016 Related Video: