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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:

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 design contest winner is sleek Manifesto concept [w/videos]

Ferrari asked students at a selection of top design schools around the world to submit their best ideas, and this is the one that a jury of people close to the company unanimously chose as the winner. It's called the Manifesto, and it was designed by six students at the ISD-Rubika in Valenciennes, France. The sleek design features a single line extending from the nose, rising between the arched fenders, over the greenhouse, and back to the tail. The rear wheels are spaced from the tapering greenhouse in a manner not unlike those on the Ford GT. There's a snorkel air scoop on the roof, thin strips for head- and taillights, and a split cockpit that opens with canopy-like clamshell doors. The striking shape is rendered in black with red highlights, and appears to be propelled by some manner of jet engine. The jury was made up of designers, engineers, collectors, and drivers – including Paolo Pininfarina, Sebastian Vettel, Nick Mason, and Jay Kay. Despite their varied backgrounds, Ferrari says their decision was unanimous in singling out the Manifesto as the clear-cut winner. They also made special mention of the FL, a futuristic cockpit layout designed by Roman Egorov – a Russian student at the Hochschule Pforzheim in Germany. The results from an online poll also awarded the popular Premio Speciale to the de Esfera designed by three students from Hongik University in Seoul, South Korea. Check out the winners in the gallery above and the videos below. You can also review all the entries in the supplemental gallery at bottom, and if you think the jury made the wrong call, share your thoughts in comments. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Presenting Manifesto – The Ferrari of the future Winners of Top Design School Challenge announced Maranello, 15 January – The Manifesto, the FL and the de Esfera are the three winning models in the third Top Design School Challenge, in which four prestige institutes submitted three designs each of the Ferraris of 2040. The jury comprised Ferrari exponents in the broadest sense of the term from designers to engineers, drivers and even famous collectors: Nicola Boari, Franco Cimatti, Aldo Colonnetti, Rodolfo Gaffino Rossi, Jay Kay, Flavio Manzoni, Nick Mason, Andrea Militello, Paolo Pininfarina and Sebastian Vettel.