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Marchionne takes total control of Ferrari as CEO and chairman

Ferrari is undergoing another changing of the guard as Amedeo Felisa retires from his longtime role as CEO. In his place, Sergio Marchionne will add the job to his absurd list of responsibilities. An engineer by training, Felisa has been with the company for 26 years, and some form of Fiat for nearly 50, having come to Maranello in 1990 after two decades at Alfa Romeo. He took charge of Ferrari's road-car division in 2001, was named general manager in 2006, and got the CEO job in 2008 after Jean Todt left to run for president of the FIA. Felisa's role as chief executive was seen as all the more important after Luca di Montezemolo was shown the door. Rumors persisted recently that Felisa was on his way out. With Felisa gone, Marchionne will be left running the company more directly than he has been as chairman for the past two years since supplanting Montezemolo. As it is, Marchionne serves as CEO of Fiat Chrysler Automobiles, chairman of CNH Industrial (the merged entity of Fiat Industrial and Case New Holland), and directly runs the NAFTA region for FCA, splitting his time between offices in Detroit, Turin, and Maranello. We wouldn't be surprised, then, to see Ferrari name a new CEO, or at least a senior manager to run the day to day and take some of the pressure off Marchionne, as adept as he's proven at wearing multiple hats. The company is in the process of reforming itself as a corporate entity separate from FCA, positioned more as a luxury brand, and is seeking to rediscover its former winning form on the racetrack. In the meantime, while Felisa steps down with immediate effect, he will remain on the board – his term having recently been renewed – as a technical advisor, just as Todt did before him. Related Video: Ferrari announces CEO succession Maranello (Italy), 2 May 2016 – Ferrari N.V. ("Ferrari" or "Company") (NYSE/MTA: RACE) announces the retirement of its Chief Executive Officer, Mr. Amedeo Felisa, after 26 years of dedicated service. Mr. Sergio Marchionne will assume those responsibilities while retaining his current role as Chairman of the Company. Mr. Felisa will continue to serve on the Board of Directors of Ferrari with a specific mandate as technical advisor to the Company. Sergio Marchionne had this to say: "I have known Amedeo for more than a decade and I have had the opportunity to work with him closely for the last two years. He is beyond any doubt one of the best automotive engineers in the world.

Ferrari unwraps radical new F12 TdF

The Ferrari F12 Berlinetta has never been in need of a performance boost, but Maranello has given it one just the same. Feast your eyes on the new F12 TdF. The latest Prancing Horse recalls the legendary Tour de France (for automobiles, not bicycles) that Ferrari dominated nine years running from 1956 through 1964 – and the elegant long-wheelbase 250 GT named in its honor. But the F12 TdF is much more about forward momentum than looking back. Power is up, weight is down, and everything's been tightened up, with new systems on board to keep it all together. For starters, the screaming 6.3-liter V12 from the existing F12 Berlinetta has been upgraded from 730 horsepower to 769. Torque has been increased from 509 pound-feet to 520. Although the engine will wail all the way up to 8,900 rpm, 80 percent of that torque is available as low as just 2,500 revs. Of course, Ferrari being Ferrari, it didn't just tinker with the engine and call it a day. It also returned the seven-speed dual-clutch transmissions to deliver upshifts 30 percent faster, downshifts 40 percent faster, and with ratios six percent shorter. The track is wider, the wheels larger, and the one-piece brakes are lifted out of the even more extreme LaFerrari. Ferrari has also fitted the TdF with a new Virtual Short Wheelbase system – Modenese for four-wheel steering – that sharpens turn-in, increases high-speed stability, and keeps the tail from spinning around to fast on the wider front tires. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. As you can see, the bodywork has been substantially redone as well, to be both lighter and more aerodynamically efficient. As a result, the TdF produces 87 percent more downforce than the stock Berlinetta. And thanks to its more extensive use of carbon fiber – not to mention the stripped-out cabin – the whole thing weighs a good 240 pounds less. The result of all these enhancements, Ferrari says, is a 0-62 time of just 2.9 seconds. Keep the throttle pegged (as you would most certainly be tempted to do) and it'll reach 124 miles per hour after 7.9 seconds, topping out at over 211 mph. It's also been clocked around the company's private, on-site Fiorano test track in 1 minute and 21 seconds, which is a good two seconds faster than the Berlinetta or the 488 GTB – and barely more than a second adrift of LaFerrari, the fastest road car ever to lap the circuit.

Wingsuits are somehow involved in new season of 'Top Gear'

It's a shame that Matt LeBlanc is leaving "Top Gear," but there's a bit of solace in the situation: There's still one more season of him as frontman. BBC just released the new trailer for series 26, and it shows LeBlanc, Chris Harris and Rory Reid getting into all sorts of shenanigans around the globe. "Top Gear" announced LeBlanc's imminent departure back in May 2018, but he still had to finish one more season before leaving. Thus, the upcoming series will be his last, and it looks like he'll go out in a whirlwind of dust, bent metal, water spray and burnt rubber. The trailer shows everything expected from a season of the storied automotive show (well, everything except Hammond, May, and Clarkson, if you're one of those people). There will be precision driving, dubious stunts, name-calling and gobs of stunning videography. In the short one-minute clip, there are flashes of numerous attention-piquing vehicles. The new Bentley Continental GT, a Bentley Le Mans racer, Porsches, Ferraris, the Aston Martin Vantage, and the Mercedes-AMG GT all make appearances. And for some random fun, the boys are seen in wingsuits (doubtful it's actually them), and playing polo in some three-wheel rickshaws (before wrecking said rickshaws). We'll update with more information as soon as we know when the show will start. Related Video: News Source: BBC Celebrities TV/Movies Aston Martin Bentley Ferrari Mercedes-Benz Porsche Videos Top Gear chris harris matt leblanc rory reid