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Ferrari F12 TdF debuts at Finali Mondiali event at Mugello

It's been almost a month since Ferrari revealed the new F12 TdF. But outside of a select cadre of customers, nobody has gotten to see it until this weekend at the Mugello circuit in Italy. The TdF is the more extreme version of the F12 Berlinetta – similar to how the 599 GTO was an upgraded 599 GTB Fiorano, or the 458 Speciale an upgraded 458 Italia. It benefits from a more potent version of the Berlinetta's 6.3-liter V12 producing 769 horsepower and 520 pound-feet of torque. It also features a rear-wheel steering system, 87 percent more downforce, and 240 pounds less weight to motivate. The result is a 0-62 time of 2.9 seconds, a top speed of over 211 miles per hour, and a Fiorano lap time of 1:21. A trio of TdFs hit the track this weekend at Mugello – one of several circuits owned by Ferrari in Italy – located in the Tuscan countryside and frequent venue for motorcycle and DTM races. It also played host this weekend to the Finali Mondiali – the company's year-end racing spectacle where the winners of the various Ferrari Challenge series duke it out for top honors, where private owners (as part of the Corse Clienti program) are invited to drive their racing and XX track machinery, and where Ferrari often unveils something new. In addition to the F12 TdF's debut, this year saw the presentation of the 488 GTE and GT3 racers as well. Both Sebastian Vettel and Kimi Raikkonen were on hand to show off what the TdF could do in front of the cheering crowds. With only 799 examples to be built (and all of them rumored to have already been sold), this may present the closest opportunity you'll get to see the new F12 TdF up close.

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.

Ferrari posts record profits on restricted volume

Most automakers are after one thing and one thing only: selling more cars. Because, after all, selling more cars means making more money. Right? Well that's usually the case, but Ferrari has taken a different approach. Rather than try and sell more cars, Ferrari intentionally sold fewer models in 2013, yet it made more money.
The move was implemented after 2012 emerged as the strongest year in the company's history. Instead of pushing to sell even more cars, it opted to maintain a level of exclusivity by selling fewer - 5.4 percent fewer than the year before, to be specific - thereby ensuring that those it did sell were worth more. As a result, in 2013, Ferrari logged record turnover, profits and finances: on 2.3-billion euros of revenue (up 5 percent from the previous year), Ferrari recorded 363.5 million euros in profit last year - that's roughly $500M USD.
Before you go jumping to conclusions, though, bear a few factors in mind. For one, Ferrari's stakeholders aren't pocketing all that cash - they're reinvesting it into the company: over the course of the same year, Ferrari invested some 337 million euros - 464 million dollars - in research and development. And while the company's extensive merchandizing efforts continue to bring in more cash, at 54 million euros ($74M) raised last year, the branding operation still doesn't account for a sixth of overall revenues. Still, it's little wonder that the experts at Brand Finance have named Ferrari the world's most powerful brand for the second year running.