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A Ferrari SUV? First you'll have to shoot Marchionne

Almost every car company has its own SUV in the range. Porsche added this kind of vehicle almost 15 years ago and it may have saved the company, Bentley decided to join this growing segment launching the Bentayga, and Jaguar is doing the same with the F-Pace. Everyone is trying to get the most from the growing Asian market (China especially) launching models very appreciated over there. But not Ferrari. This is what came out from an earnings call with the Ferrari CEO where analysts asked how he was thinking to reach the goal of selling 7,000 units/year, balancing the slump of 22% of the Chinese market: "I don't think it's going to recover this year," said Marchionne, "but we won't make an SUV. You have to shoot me first." Since the spin off from Fiat Chrysler Automobiles, Ferrari's share price has fallen and this news is not good for investors that expected high profit for 2016. Ferrari has a racing history, and SUVs are not to be part of this history any time soon; the image of the Prancing Horse would come out damaged from this choice and Marchionne seems to know it very well. Related Video: Image Credit: Ferrari Ferrari Crossover SUV Sergio Marchionne open road

Race Recap: 2014 British F1 Grand Prix readjusts the balance of power

Qualifying for the British Formula One Grand Prix was just as much a surprise for fans as it was for teams. Certain team weather radar displays didn't accurately pinpoint storm systems over the track, and in the case of at least two teams, the lack of data was compounded by poor decision making. That's how both Ferraris and both Williams got kicked out of qualifying in Q3 - the drivers already on track took advantage of a dry spell between rains, but Ferrari and Williams waited too long to get back out, and by the time they did it had started raining again.
Rain-induced bewilderment hit the front of the field as well. When all appeared resolved in Q3 but the clock hadn't yet run down to zero, drivers including Lewis Hamilton and Daniel Ricciardo pulled into the pits thinking the day was done. However, a drying last sector of the Silverstone circuit meant the drivers still out could suddenly improve their times by four seconds in just that sector. When the bell tolled, those who fought to the last were those who lined up first: Nico Rosberg in the first Mercedes AMG Petronas, Sebastian Vettel in the first Infiniti Red Bull Racing, Jenson Button in the McLaren, Nico Hülkenberg in the first Force India and Kevin Magnussen in the second McLaren.
Hamilton had fallen all the way to sixth on the grid, a mortifying blow to his race and his championship challenge. He was followed by Sergio Perez in the second Force India, Ricciardo in the second Infiniti Red Bull Racing, Toro Rosso teammates Daniil Kvyat and Jean-Eric Vergne completing the top ten.

$11.55 million 1964 Ferrari 250 LM highlights RM Auctions' first night in Monterey

Some of the biggest auto auctions of the year are held during the weekend of the Pebble Beach Concours d'Elegance. Millionaires gather in hopes of outbidding their contemporaries for incredibly rare cars. As Bonhams' record sale on Thursday of a 1962 Ferrari 250 GTO for $38 million showed, these days the world's most expensive vehicles are found at auctions, often with a prancing horse on the nose.
RM Auctions' Friday sale reinforced this even more when a 1964 Ferrari 250 LM topped the evening by bringing in $11.55 million, after the 10 percent commission. It wasn't the only million-dollar vehicle of the event, though. A 1965 Ford GT40 Roadster Prototype garnered $6.93 million, and a 1966 Shelby Cobra 427 brought $1.705 million. Even a classic 1948 Tucker 48 had a final price of $1.57 million.
Surprisingly, some rather new cars actually brought in quite big money, too. A 2013 Bugatti Veyron 16.4 Vitesse Le Ciel Californien sold for $2.42 million, and a 2006 Ford GT with just 13 miles sold for $407,000.