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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.

Ferrari steering wheel may hold key to rocket F1 starts

Ferrari's brilliant getaways at the Australian Grand Prix were key to its early victory challenge – and could well be the result of a unique approach to new start restrictions that Giorgio Piola has uncovered. Although Mercedes locked out the front row of the grid in Melbourne, it was a sensational getaway from Sebastian Vettel that helped the German swoop into the lead by the first corner. As team boss Maurizio Arrivabene said: "The start was super. I have to say both of the drivers, they start like two rockets. After that they were able to take an advantage, and that was good for us." Such great starts from Ferrari are nothing new – just look at Hungary last year – but as Piola's exclusive drawing reveals, the team may well have taken things to an all-new level in ensuring it does not miss any detail in this area. In-built advantage As early as pre-season testing, rivals had been alerted about what Ferrari was capable of by monitoring data from Barcelona. Red Bull boss Christian Horner said: "We saw that in pre-season testing their starts have been really strong." Even ahead of the race, there were rumours that Ferrari knew it would excel in this area. Its decision to not do a second run in Melbourne's Q3 was mainly fuelled by its desire to save a set of super soft tyres for the race. But another suggestion also emerged – that the team knew just how good its starts were so securing the second row of the grid was good enough for it to believe it had a shout of the lead on the first lap. A single paddle As Piola's comparison of Ferrari's 2015 and 2016 steering wheel arrangement shows, the team has been the most aggressive in changing its clutch configuration for this year. New rules mean that drivers can only use a single hand on a single clutch paddle for the race start – even if teams choose to keep a double-paddle arrangement for emergencies. Ferrari has opted for something totally different to its main rivals by abandoning a double paddle arrangement (see red arrows on above left image). Instead, it has a single 'rocker' paddle that stretches all the way across the back of the wheel. Investing in such a dramatic design change clearly points to it having unlocked a decent performance advantage. The exact reasons for this configuration are unclear, but it may be that it allows the driver a greater feel for the clutch bite point – and means he is better able to judge how to deliver the perfect getaway.

Ferrari FF spotted testing, may get new turbo engine

With the introduction of the turbocharged Ferrari 488 GTB at the upcoming Geneva Motor Show, the FF is about to be the oldest model in the Ferrari lineup. The Prancing Horse doesn't appear to want the 2+2 shooting brake getting too much longer in the tooth, though, if this prototype is any indication. This one wears all of its camouflage around the lower grille and hood, and the tape makes it look like Ferrari is trying to direct air to some new ducting under its bodywork. Beyond just some updated styling, these changes suggest something different is going on under the hood. One possibility stems from an earlier rumor that Ferrari's V12 models could get hybrids to be more efficient and boost power. Alternatively, other rumors suggest that the FF might get the 3.9-liter turbocharged V8 from the California T and 488 GTB to create a new, entry-level model. Ferrari has already been caught on video lapping an FF around the Fiorano test track. It looked relatively normal except for some odd exhausts poking out the rear, which weren't on display for this test car. In any case, one thing is certain: The Prancing Horse definitely has something in the works for its all-wheel drive wagon.