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Why newly independent Ferrari may be forced into fuel-efficient cars

The repercussions from Ferrari's pending transition into an independent automaker won't be understood for some time, but one of the biggest consequences could be that the iconic Italian marque will be forced into building more fuel-efficient vehicles.
As Wired points out, while Ferrari built fewer than 7,000 cars in 2013, its status as a public company could trigger pressure from shareholders to build more six-figure supercars and grand tourers. In turn, doing so could lead the company afoul of US Corporate Average Fuel Economy standards, which dictate that any company that sells over 10,000 vehicles needs to maintain a certain fuel economy average across its fleet or risk fines.
With arguably its most popular model, the 458 Italia, hitting just 17 miles per gallon on the highway and its most efficient model, the turbocharged California T, stuck at 18 mpg, Ferrari isn't in a great place to hit the government's mandates (which are somewhat convoluted as Wired explains). The gist of the situation is that Ferrari will either need to continue limiting the number of vehicles it sells each year - a move that's certain to upset shareholders and irk its boss, Sergio Marchionne - or radically improve the fuel economy of its cars at the risk of performance. Rock, meet hard place.

Ferrari 488 Spider configurator is just in time for summer

The weather is just starting to show signs of being nice enough for open-top driving, which makes it a perfect time to configure a Ferrari 488 Spider. The configurator lets you select every aspect of your future Ferrari, and that means this Prancing Horse will fully let you express your own personality. In this case, you can spec out the 488 Spider as a track monster with a plethora of carbon fiber parts, or if you want more of a grand tourer, there are options like electric seats and the choice to alter practically every part's color. Unfortunately, none of the selections come with a price, so there's no way to know how much the gold metallic paint for the brake calipers adds to the bottom line. It's fun to dream, though. Mechanically, the 488 Spider is identical to its coupe sibling. The engine is a 3.9-liter twin-turbo V8 with 661 horsepower and 560 pound-feet of torque. A seven-speed dual-clutch gearbox sends that muscle to the rear wheels. The droptop can reach 62 miles per hour in 3.2 seconds, just a few tenths off the coupe, and the Spider's top speed is 203 miles per hour. As for the final number for those who love tracking every bit of performance with a stopwatch: the roof hides away in a scant 14 seconds. Related Video:

Fiat gives outgoing Ferrari chairman $35M severance package

Luca di Montezemolo may not have wanted to leave Ferrari this way, but don't feel too bad for the departing chairman, because he'll be hitting the ground with a golden parachute so big that he'll never have to work again.
According to the latest reports, Fiat will pay Montezemolo 26.95 million euros (nearly $35 million) in severance pay. A little more than half of that will be paid in a lump sum of 13.71 million euros ($17.7M, equivalent to five times his annual salary) on January 31, 2015, with the rest to be paid within the next 20 years.
The payment is contingent on Montezemolo not going to work for a competitor, so don't expect to see him replacing Stephan Winkelmann at Lamborghini or Wolfgang Dürheimer at Bugatti any time soon. At least not until March 2017. Of course with that much cash on hand, the 67-year-old marquis need never work again, but considering how busy he's used to keeping himself, we'd be surprised if he didn't pop up again somewhere.