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Former Ferrari chief Montezemolo to be chairman of Alitalia

Luca di Montezemolo may be 67 years old, but he's not quite ready to retire just yet. Not, at least, if the latest reports emanating from Italy are to be believed. According to Reuters, the longtime former Ferrari chief is due to be named chairman of Alitalia.
The troubled Italian airline is on the verge of being bailed out after years of financial difficulty, with Etihad Airways of the United Arab Emirates set to take a 49-percent stake in the company. While the reports have yet to be confirmed by the parties involved, Reuters cites multiple inside sources in revealing that the airline's board met last week and agreed to appoint Montezemolo as chairman, with current Etihad chief James Hogan to act as chief executive officer.
Montezemolo, of course, long served as chairman of Ferrari, having assumed leadership of the company not long after founder Enzo Ferrari died. He also served as chairman of the Fiat group for several years after the passing of Umberto Agnelli, and has headed numerous trade organizations and sporting bodies. But his tenure at Ferrari and the broader Fiat Chrysler Automobiles empire came to an end two months ago when clashes with Fiat chief Sergio Marchionne saw Montezemolo step down.

Ferrari SUV in the works, finally?

There are some things that Ferrari just won't do. Pink cars. Electric vehicles. SUVs. Well, about that last one... There's long been talk about Ferrari taking the leap and producing a utility vehicle to rival the likes of the Porsche Cayenne (but, like, for way more money). Lamborghini has already gotten the hint with the upcoming Urus. Now, Car says that it can confirm that Ferrari is, in fact, working on a crossover, and the project is codenamed F16X. The British magazine even has its own artist rendering of the rumored ute, though if that's what the thing actually ends up looking like, we'll eat our hat. Car's sources in Maranello say that the vehicle will be built alongside the next-gen GTC4 Lusso (current model pictured above) with aluminum architecture, that it'll be a high-riding soft-roader, and will feature rear suicide doors with no B-pillar (picture a big opening to the rear seats). It will have all-wheel drive, building on Ferrari's experience with the FF and GTC4 Lusso. Under the hood will be a gasoline V8, possibly with a hybrid powertrain option. The Ferrari F16X won't be cheap, of course, and is expected to fetch about $342,000 at today's exchange rates. We're assuming that doesn't account for the cost of inflation between now and 2021, when the CUV is expected to launch. And don't be surprised if Ferrari does everything it can to avoid using the words "crossover" or "SUV" in reference to the F16X. Related Video:

Ferrari threatening to fine journalists $69,000 for breaking LaFerrari embargo?

In automotive journalism, we deal with embargoes on a regular basis. For the uninitiated, these are agreements between publications like Autoblog and manufacturers. While news embargoes (where pubs are provided with information and images and agree to hold until a predetermined date) are fairly common, today, we're focusing on drive embargoes. These are what we generally end up signing when we attend a vehicle launch. Generally, these are in the media's best interest. As drive programs are spread out over a week or two with multiple different "waves" of media, drive embargoes put the biggest and smallest publications on level footing when it comes to publishing reviews.
According to a report from Autocar's Steve Sutcliffe, Ferrari has taken its drive embargo for the LaFerrari hypercar a bit too far. See, initial reviews from the few publications that attended the drive event for the hybrid-powered monster can hit the newsstand or internet on April 30. Originally, syndicated stories - those sold by freelancers or publications to other outlets - couldn't be published until May 12. These syndicated reviews are big money for larger magazines and, in the case of freelance journalists, are a primary source of revenue. Inexplicably, though, Ferrari has pushed the syndication embargo back to May 26, which is bad news for everyone involved (aside from Ferrari).
This could have been nothing more than an annoyance. The stories would still get sold (although it might be for a bit less coin, considering the initial reviews will be nearly a month old) and you'll still be bombarded by reviews of the LaFerrari not once, but twice, just as Ferrari planned.