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Ferrari families have 'agreement' to prevent takeover

With its initial public offering already a massive success, Ferrari is now officially a publicly traded company on the New York Stock Exchange. While anyone can buy those shares, don't expect investors to take control away from some of the top owners of the Prancing Horse anytime soon. To maintain their power, Enzo Ferrari's son, Piero, and Exor chairman John Elkann will sign a deal guaranteeing themselves nearly half of the automaker's voting rights, Bloomberg reports. As part of this arrangement, shareholders that agree to hang onto Ferrari stock for at least three years would receive additional voting rights in the company, and that would give Piero and Elkann a combined 48.7 percent of the automaker by banding together. While not quite complete control, the move should be enough to prevent a takeover of the business. "We have an agreement among the families to protect our interests in Ferrari," Piero said to Bloomberg. This agreement won't really become a concern until next year because only 10 percent of Ferrari will be traded for now. FCA will distribute another 80 percent to its shareholders in early 2016, and Elkann's Exor will be getting the largest portion of the Prancing Horse in the spin-off. Meanwhile, Piero holds the remaining 10 percent but has absolutely no intention to sell his stake in his father's business. The newly public Ferrari will push to grow volume with a goal of moving 9,000 vehicles annually by 2019. To reach that 30-percent boost, expect to see a new model every year, and some of them might use a new, modular platform that's reportedly under development. Related Video:

Do we finally know which hybrid hypercar is fastest?

In order to properly compare and contrast the performance characteristics of competitive automobiles, a number of variables have to be sorted out. For instance, to diminish the human component, the same driver must be used for each lap, that driver has to be capable of wringing the maximum level of performance from each vehicle, and they should all be checked and prepared to make sure they are within manufacturer specs before hitting the track. Speaking of which, the conditions at the track – and, of course, it goes without saying that the cars have to be tested at the same location, on the same day – have to be as similar as possible. Naturally, arranging all of these variables is difficult, if not impossible, and that's especially true when the contenders are the Ferrari LaFerrari, McLaren P1, and Porsche 918 Spyder. As range-topping models from well-established performance players, these three hybrid hypercars are often lumped into the same category. But which one is fastest? Well, that's been a tough nut to crack, in part because the manufacturers themselves haven't always been willing to play along when it comes time to test these machines head-to-head-to-head. And so, with all that (probably unnecessary) preamble out of the way, we present to you the video above, in which this particular vehicular pedestal is toppled. All three cars are owned by a man named Paul Bailey, they were tested on the same day at the Silverstone circuit in England, and each had British Touring Car driver Mat Jackson at the helm. We're not going to spoil the results, other than to say that all three vehicles were incredibly fast and within spitting distance of one another at the finish line, as you would expect. Intriguingly, this video is said to be part one in a three-part series, so we have more Ferrari vs. McLaren vs. Porsche action to look forward to. Related Video: News Source: TheSUPERCARDRIVER via YouTube Green Ferrari McLaren Porsche Convertible Coupe Hybrid Performance Supercars Videos porsche 918 spyder mclaren p1 silverstone hypercar ferrari laferrari laferrari

Ferrari 488 GTO would be fastest V8 car ever from Maranello

It should surprise absolutely no one to learn that Ferrari may be cooking up an even hotter variant of the 488 GTB. If a report from Autocar is true, the new car will resurrect the hallowed GTO moniker and pack more than 700 horsepower from its twin-turbocharged mid-mounted V8. It would be the successor to the wild and wonderful Ferrari 458 Speciale, the swan song for the naturally aspirated V8 in Maranello. This will be the fourth time Ferrari has used the name GTO. The first was in the 1960s on the 250 GTO and then again in the 1980s on the 288 GTO. Most recently, a more track-oriented variant of the 599 GTB was released as the 599 GTO. Each of these cars eschewed most pretense of comfort and civility in the pursuit of power and performance. While they didn't carry the GTO moniker, the 430 Scuderia and the 458 Speciale were designed with a similar philosophy. Since the standard 488 GTB already makes 661 horsepower, it doesn't seem like a stretch to up the boost and strengthen the internals to move the needle past 700. Ferrari can't let the new 710-horsepower McLaren 720S have all of the fun. The 488 GTO should use lighter components and lose some interior trim and sound deadening to drop weight. Autocar believes the new model will dip below 3,000 pounds, absolutely svelte for a car this size. The car should have better aero, a revised suspension, and higher performance wheels and tires. For non-Ferrari comparison, think Porsche 911 GT3. We've seen some s py shots of a new Ferrari recently, but at the time we thought this might be the rumored Dino. It's unclear if that's still the case, but either way, look for something big from Ferrari sometime later this year. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.