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Ex-Ferrari chairman sounds off on IPO

Former Ferrari chairman Luca di Montezemolo preferred to put exclusivity over profits when he ran the company, and the lower volume still meant huge amounts of cash for the business. FCA CEO Sergio Marchionne has since taken over Ferrari, but that hasn't stopped di Montezemolo from voicing his opinions. "I hope that the clients will remain more important than the analyst or the investor or the financial markets," di Montezemolo said prior to his induction into the Automotive Hall of Fame in Detroit, the Detroit Free Press reported. The former chairman argued that once on the stock exchange, a company would need to maximize profits quarter after quarter to keep investors happy. Conversely, di Montezemolo said Ferrari's years of success came from an "exclusivity in terms of number of cars, exclusivity in terms of how you deal with the clients." When di Montezemolo left Ferrari last year, he and Marchionne were scuffling about the future of the brand, including the health of the Formula 1 program. With the change in leadership, the company has reversed course in some ways. Where volume was previously kept around 7,000 units annually, the carmaker has set a new goal of closer to 10,000. The paperwork was filed for the IPO, and Marchionne thinks the company could be worth over $11 billion. The actual shares are rumored to go on sale in October. Related Video:

Marchionne holds Maranello talks amid Ferrari's struggles

Ferrari president Sergio Marchionne has been in Maranello this week holding key meetings with staff to work out what needs to be done to rescue its season. With the Formula 1 campaign approaching its halfway point, Ferrari is still without the victory that it has been targeting since the first race in Australia. And worse than that, it appears to have fallen behind in the development stakes against Mercedes and Red Bull – leaving it now facing a challenge to finish second in the constructors' standings. On the back of a deeply disappointing British Grand Prix, where the team struggled for pace all weekend, Marchionne has elected to spend the last few days in Maranello to try to get to the bottom of what has gone wrong. For although its early season progress was impacted by the tragedy surrounding technical director James Allison, whose wife died just after the Australian Grand Prix, progress more recently has not been good enough. While Mercedes has been pushing on with upgrades at each race to keep improving its speed, Ferrari is still struggling to understand why its car has such a sensitive set-up that allows it to be competitive only in a very narrow performance window. Rather than sitting back and simply hoping for answers, Marchionne has taken it upon himself to push things forward. Motorsport.com has learned that he has held a series of key meetings at Maranello with the chassis and aerodynamic departments – with a particular focus on speaking to those who report to department heads as well as their juniors. Marchionne is determined to find out whether or not there is a belief from the shop floor that more potential can be extracted from the SF16-H, and if the true state of progress of the car is as he has been led to believe by senior management. It is possible that Marchionne could take action after these meetings to tidy up internal structures – moving around those staff who he believes have not been exploited to their best, and moving aside those whom he believes have been holding things back. It could be this action plan that team principal Maurizio Arrivabene was referring to after Silverstone, when he said that the situation at Maranello was now getting more serious – and that the potential for big change was coming if things did not improve. "After Hungary we cannot fool around any more," said Arrivabene.

Living up to its name | 2018 Ferrari 812 Superfast First Drive

What's in a name? In the case of the Ferrari 812 Superfast, a numerical reference to its 800-(metric) horsepower, 12-cylinder engine and a not-so-subtle hint at its capability for extreme rates of travel. Only Ferrari, notorious for joyously naming its flagship "LaFerrari," could get away with the moniker. But once you get past the super-obvious nomenclature, it becomes hard to argue with this on-the-nose model name. If you're lucky enough to have sampled the standard F12 and one of the 799 F12 TDFs offered to Ferrari's most loyal clients, you've got a pretty good idea of the 812 Superfast's personality, which involves a blend of the TDF's edginess and the F12's comfort and usability. Even within the rarified world of supercars, the 812's athleticism is impressive despite its veil of approachability. More power, to the tune of 789 horsepower (versus the TDF's 769) combined with weight loss of 132 pounds make it the highest-performance standard production model Ferrari in history. (For reference, the TDF trims an even more impressive 242 pounds, ditching niceties like sound insulation.) Along with mechanical and aerodynamic improvements, the elevated power-to-weight ratio enables it to hit 60 mph in 2.8 seconds and reach a top speed of 211 mph. The main attraction is, of course, the 6.5-liter V12, which boasts 75 percent new parts and undergoes a series of mods to raise its output while (thankfully) retaining its naturally aspirated soul. A stroked version of the F12's 6.3-liter mill, the V12 features new pistons, new con-rods, a reinforced crankcase, and a trick new direct-fuel-injection system that runs at a staggering 5,076 psi. The system is capable of changing the shape of fuel droplets as they're injected into the combustion chamber, adjusting for around-town drivability or balls-to-the-wall performance. A revised air intake system incorporates a new plenum and bigger air inlet with wider throttle valves for better breathing. Silver lining: CO2 emissions have been reduced thanks to the new injection system and reduced friction from new 5W50 engine oil. Each of the seven-speed dual-clutch transmission's gears has been shortened, which has the virtual effect of producing an extra 50 horsepower – as if the mighty V12 was wanting for oomph. Upshifts can now happen 30 percent quicker, and the engine's ability to rev-match for downshifts occurs 40 percent faster.