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Ferrari to keep CEO Amedeo Felisa post spin-off

Ferrari is undergoing a big shakeup, and not just on the Formula One racing grid. It's just parted ways with its longtime chairman, is being spun off from the rest of the Fiat Chrysler Automobiles group and will soon launch its initial public offering on the stock market. But one thing it's not about to change at this point is its CEO. Speaking to journalists in Milan this past Friday, FCA chairman John Elkann said, "There will be no CEO change," indicating that the job of chief executive Amedeo Felisa is secure for at least a while longer. After two decades at Alfa Romeo, Felisa joined Ferrari back in 1990, was named general manager in 2006 and chief executive in 2008. In that capacity, he's always reported to company chairman Luca di Montezemolo, whose place was recently taken by Sergio Marchionne. It remains unclear, however, just how directly involved Marchionne will remain in the Prancing Horse marque, especially after the spin-off, and what that would mean for Felisa. In launching the IPO, Ferrari could institute a loyalty scheme that would award additional stake to the company's oldest and largest shareholders – which would only further entrench the holdings of the Agnelli family which Elkann heads and which stands to become the largest stakeholder in Ferrari after its separation from the rest of the group.

2015 Belgian Grand Prix is a return to scheduled programming

With summer intermission over, the second half of the Formula One season commenced in the Belgian countryside at Spa-Francorchamps. After qualifying, it looked a lot like the first half of the season with just a few minor changes. Lewis Hamilton was even more dominant in his Mercedes-AMG Petronas than usual, regularly taking half a second out of his teammate in just the middle sector of the circuit. Teammate Nico Rosberg tightened it up a tad for his final hot lap, but Hamilton still took pole by 0.45 seconds ahead of Rosberg in second. With his Williams back at a power track, Valtteri Bottas got himself up to third, although more than a second behind Hamilton. Romain Grosjean in the Lotus in fourth had his best qualifying performance since his fourth-place grid spot at the 2013 US Grand Prix. This was a huge boon for Lotus, the team facing another financial issue off track that threatened to have its cars impounded as soon as they left the circuit. Grosjean had to have his gearbox changed before the conclusion of six races, however, so the five-spot penalty meant he'd actually line up ninth for the race. Sergio Perez put the Sahara Force India in fifth, where we're more used to seeing his teammate Nico Hulkenberg, just ahead of Daniel Ricciardo in the Infiniti Red Bull Racing in sixth. Felipe Massa got the second Williams in seventh, in front of the second Lotus of Pastor Maldonado in eighth. Then came the first and only Ferrari in the top ten, Sebastian Vettel qualifying ninth after a disappointing Saturday for the scuderia; teammate Kimi Raikkonen suffered gearbox issues and qualified way down in 16th. Carlos Sainz took tenth in the Toro Rosso. A new start procedure in Belgium meant drivers had to handle clutches on their own, without the engineers finely tuning bite points between the garage and the start line. That was in conjunction with another rule limiting the kinds of radio messages possible between engineers and drivers, aiming to put more of the car in the drivers' hands. After an aborted start when Hulkenberg's car quit while sitting on the grid, Hamilton made the most of the new procedure. His start wasn't amazing but he beat everyone else off the line, while those behind were alternately getting bogged down or leaping ahead. Midway through the first lap the top ten was Hamilton, Perez, Ricciardo, Bottas, Rosberg, Vettel, Maldonado, Grosjean, Massa, Marcus Ericsson. At the end of 43 laps, Hamilton would still be in the lead.

EV West launches monthly EV Show, starts with electric Ferrari project

The folks over at the EV West conversion shop are no strangers to video cameras, having put up a fair amount of footage on their YouTube channel over the years. Now though, they've decided to make their appearance on the web a more regular affair with the debut of the monthly EV Show. It aims, they say, to bring viewers the latest news in the electric vehicle industry, product information and a look at some of the projects they're working on. The outfit has had a hand in building and converting some notable vehicles in the past, but to kick off the new program, it's engaged in something special: the (re)making of an electric 1978 308 GTS Ferrari – a model made famous by its role in the Magnum P.I. television series. This particular vehicle had fallen victim to a fuel fire, though enough of the original non-necessary bits were in good enough condition to be sold off to help pay for part of the electro-restomod. After stripping the entire vehicle down, the build up will begin, and the components planned to bring this baby back to life are very interesting in their own right. For instance, the battery. Though the show hosts cagily don't mention the source of the pack, it's pretty clear it will be made of modules originally housed in a vehicle sporting a Tesla drivetrain (we suspect the 2nd-generation Smart ED.) The power will flow from these mystery batteries through a Rinehart controller and then on to a trio of chrome-plated, powder coated AC-51 motors from Hi Performance Electric Vehicle Systems housed in a custom bracket. The resulting configuration should be good for about 216 kW (290 horsepower) and 340 pound-feet of torque. You can keep up with this project and the many others the conversion shop has on the go by following them on Twitter and Facebook. The Ferrari project also has its own Instagram account. But first, check out the first episode of the EV Show by scrolling below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: YouTube Green Ferrari Green Culture Electric ev west electric ferrari