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Stellantis and Ferrari boss is pitted against his own mother in Agnelli inheritance drama

  MILAN, Italy — A court in Turin is set to rule in the coming weeks on an inheritance dispute dividing the Agnelli family, the founders of the Fiat car company and arguably the best known of Italy's business dynasties. The case stems from the estate of Gianni Agnelli, the celebrated Fiat boss who was a symbol of Italy's post-war economic boom and who died two decades ago. It pits Agnelli's daughter Margherita, who inherited 1.2 billion euros ($1.3 billion), against three of her eight children including her eldest, John Elkann, the chairman of Ferrari and carmaker Stellantis. In the dispute that has riven one of Italy's elite families, Margherita is fighting to overturn agreements she signed after her father's death in order to eventually benefit her five children from a second marriage, sources close to her say. Should the Turin court decide in her favor, Margherita, who is 67 and Gianni Agnelli's only surviving child, could stake a claim to half of her late mother's estate and a share in the Elkann family business. The center of the dispute The dispute has its origins in an inheritance deal known as the "Geneva pacts" that Margherita, an artist and philanthropist, signed in 2004 after the death of her father the previous year and agreed to when Fiat was on the brink of bankruptcy. Under the first pact, Margherita received property, works of art and other liquid assets from Gianni's estate and renounced any future influence in the Dicembre (December) company, a key part of the ownership structure of Exor, the Agnelli-family holding. The pacts cemented John Elkann's position as Gianni Agnelli's chosen successor and effectively took his mother Margherita out of the equation. John Elkann, 47, now leads Exor, which owns slices of prestigious businesses and brands including national newspapers and the soccer club Juventus. The second pact covered what would happen to the estate of Margherita's mother Marella, who died in 2019 aged 91. Marella passed her Dicembre stake to three of her grandchildren, John, his brother Lapo and sister Ginevra, from Margherita's first marriage to journalist Alain Elkann. Margherita wants the pacts to be rescinded to be able to give her children with second husband Serge De Pahlen, a Franco-Russian former Fiat executive, a share of their grandmother's estate, sources close to her say.

Want to buy a worst-in-show-winning Faux Ferrari Fiero?

UPDATE: This heap sold for $5,001. But don't fret, there are more terrible cars out there for the taking if that's your thing. Today we bring you something truly terrible. It's not just a fake Ferrari built on the guts of an old Pontiac Fiero, it's actually the world's worst fake Ferrari built on the guts of an old Pontiac Fiero. And it's got the award from the Concours d'Lemons to prove it. It's so heinous, in fact, that it has somehow managed to become desirable, at least judging by the bidding history of this bright red affront to Maranello. Powered by a 140-horsepower 2.8-liter V6 engine (covered by an unconvincing and broken fake V12 cover) hooked to an automatic gearbox, this gloriously poor Prancing Horse won't be winning many stoplight drag races. There are bundles of stray wires hanging down from the dashboard, it has high mileage, most of its lights don't work, and it's ugly. Like, really ugly. And to top it off, this Fauxrarri can't currently be registered in its home state of California because it has failed its most recent smog test. Put simply, you're looking at a total piece of junk. But a piece of junk with internet notoriety, having been featured on an episode of Jay Leno's Garage after attending the 2019 Quail Motorsports Gathering — by mistake at first, and then earning a special place next to the porta potties — being the focus of a video series on YouTube and winning the aforementioned ribbon for Worst in Show at Lemons. Somehow, bidding has topped $4,000 at the time of this writing. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. If you want to earn the ire of your neighbors — and to be clear, we really wouldn't recommend it — click on over to Cars & Bids to view the auction. There are four days left to hit the "bid" button. Consider yourself warned. Related Video:

Multimillion-dollar Ferraris line up for Pebble Beach

Wherever high-value classic cars are being sold, you can bet that vintage Ferraris will be topping the list. Especially at Pebble Beach. And that's precisely the auction for which Gooding & Company has lined up a trio of multi-million-dollar examples. Arguably the most enticing (and sure to fetch the highest price) of them all is a classic red 1961 Ferrari 250 GT SWB California Spider, complete with the highly-coveted covered headlights – just like the one in Ferris Bueller's Day Off. Chassis number 3095 GT is one of just 37 made in this configuration. It's been fully documented and certified, but not restored. This is the first time this particular example will be offered in the United States, and Gooding expects it will fetch around $17 million - placing it at the high end of the Sports Car Market database of prices paid for 250s of any kind. Joining the California Spider is a striking 1957 Ferrari 410 Superamerica – the fastest road-going sports car of its time with a top speed in excess of 150 miles per hour. Painted in metallic grey with a contrasting dark red roof and red leather interior, this Series II coupe was purchased by Mohammad Reza Pahlavi, the last Shah of Iran. It went with his wife following their divorce, and was awarded first in class at Pebble Beach in 1978. It's projected to raise between five or six million in financial scholarships, potentially eclipsing any record for Superamericas to date. Finally, in what could be a footnote only in this rarefied company, is a 1965 Ferrari 500 Superfast that boasts similarly lofty provenance, having been delivered new to Prince Sadruddin Aga Khan. In stunning dark blue with red leather, chassis 6049 SA is anticipated to sell for over $3 million (over a million more than any Superfast yet) when the gavel drops at the Concours d'Elegance next month. Gooding & Company Announces Multiple Show-Stopping Ferraris Including a 1961 Ferrari 250 GT SWB California Spider to Headline Pebble Beach Auctions This quintessential open-air Ferrari is expected to set record-breaking numbers when it crosses the block this August SANTA MONICA, Calif. (July 14, 2015) – Gooding & Company, the official auction house of the Pebble Beach Concours d'Elegance®, is pleased to announce the addition of three unparalleled classic Ferraris to its sale in August – a 1961 250 GT SWB California Spider, a 1957 410 Superamerica Series II Coupe, and a 1965 500 Superfast.