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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.

Motor Trend hits Laguna Seca with Ferrari F12, Chevy Corvette, Porsche 911

According to the crew at Motor Trend, we should think of the video below "as an addendum to Best Driver's Car," a test the magazine put together that elevated the 2013 Porsche 911 Carrera 4S above all others in the category of driving joy. It seems the brand-new 2014 Chevy Corvette Stingray wasn't able to take part in the magazine's official test, and neither was the Ferrari F12 Berlinetta.
And so Motor Trend did the only logical thing: It procured both the 'Vette and Prancing Horse as soon as it could, and put them both on track with the Driver's Car-winning 911. Of course, these cars don't actually compete against each other - the Ferrari offers up 731 horsepower and wears an asking price of $434,144 as tested, which means you could buy four loaded Corvettes for the price of one F12, and still have money left for a garage to store them in - but that's not the point of this particular test.
The point of this test isn't to listen to the beautiful sounds coming from the Porsche's flat-six-cylinder, the Corvette's pushrod V8 or the Ferrari's luscious V12, either, but the video below is worth watching for those three reasons alone. You know what to do.

Ferrari 458 with $1M wheels still hasn't found a buyer [w/video]

Rule number one of modifying a car: When it comes time to sell, people want to pay for the car, and could care less how much you spent in the aftermarket. This is a lesson that the guys at Latitude Wheels in Miami are currently learning.
The wheel company's "flagship show car," a 2011 Ferrari 458 Italia was put up for sale on eBay weeks ago, as reported by Jalopnik. The price? Just a shade under $1.3 million. For a 458 Italia. That normally starts around $230,000. Yeah.
Latitude justifies the car's price based on a very expensive set of wheels. To be exact, the 21-inch fronts and 22-inch rears are forged Vossen Precision Series wheels. Mounted on Pirelli rubber, Latitude claims the package is worth over $1 million. Add onto that the $20,000 in Novitec Rosso carbon fiber pieces - none of the fun, performance stuff Novitec is known for - and you come to an eBay starting price of $1,290,000.