Ferrari

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Luca di Montezemolo has become a legend in the automotive industry. He was the man that helped lead a failing Ferrari into record profits, unsurpassed sales, and record-setting Formula One performances. Now after 23 years as the president of the Prancing Horse brand, Luca is stepping down next month. Thanks to differences between him and Sergio Marchionne, the head of Ferrari parent company Fiat , Luca has decided that his time with the Italian automaker needs to come to an end.

To celebrate what he has accomplished, I have compiled a small list of some of the memorable things that happened to the company while he was at the helm, as well as looking at five of the greatest cars that Ferrari produced during his tenure.

Feel free to comment with your thoughts on his leaving the company, your favorite Ferrari from the Montezemolo era, as well as your favorite Ferrari memories and moments. Let’s send this great man off with a celebration of what he has accomplished.

You will be missed.

With all the influx happening within Ferrari these days, you can at least count on one thing happening moving forward; the Italian automaker will continue to reduce carbon-dioxide emissions by 20 percent by 2021. In order to accomplish that, Ferrari powertrain director Vittorio Dini told Automotive News that the company will continue down the path of using turbochargers on its V-8 engines and combining hybrid systems with its V-12 engines.

Ferrari already has two cars using a variation of each engine system. The California T already features a turbocharged V-8, becoming the first production turbocharged Ferrari since the iconic F40. On the flip-side, the LaFerrari became the first Ferrari to use a hybrid system, which was combined with a 6.3-liter V-12 to produce a combined 963 horsepower.

Moving forward, Dini told Automotive News that all V-8-powered Ferraris will use turbochargers, including the next iterations of the 458 Italia and the 458 Spider, which are scheduled to arrive in 2015 and 2016, respectively. The challenge with these turbocharged V-8 engines would be to decrease their displacements while increasing their output numbers.

A similar re-engineering is also expected to happen to the Ferrari FF and F12berlinetta , two models that currently use V-12 engines. Dini stopped short of officially confirming plans to use hybrid technology on both models, but don’t be surprised if the next FF arrives in 2016 with a hybrid system of its own. Same with the next F12berlinetta, which Ferrari may release in 2017 with modified version of the hybrid system.

Click past the jump to read more about Ferrari’s future engines.

Well, that was our show. As always, a big thanks goes out to anyone who watched live. We appreciate you chatting with us. We sadly had to have the show without Justin today, however. Google was not cooperating with us, and he couldn’t log onto the call.

After sorting through the technical problems and deciding to leave our man behind, Mark and I jumped straight into Weekly Wheels. I spent some time discussing the surprisingly good Lexus GS450h , and Mark was driving around in the three-row QX60 from Infiniti. Justin will just have to tell us about the ILX next week.

News was a rather full segment with lots of interesting pieces. We talked about the $100 Lego Mini Cooper, an Audi SUV based on the TT sports car, some Australian Miata specs and a bit about aftermarket parts from Hennessey. We also spend some time talking about how good the Challenger Hellcat is, how good the 2015 Mustang isn’t, and we also delve into the mess that is Ferrari right now. Oh, we also mention the multi-million dollar, 60th anniversary, special-edition Ferrari that is coming soon.

Our Questions and Answers portion this week is one of the best we have had in a while. We spend some time talking about what is next for Ferrari’s departing chairman Luca di Montezemolo, take a look at what we would name our cars if we owned a car company and then we talk about the best cars to take on epic cross-country road trips.

There may also be a mention of Forza Horizon 2 in there somewhere.

We wrap things up with a quick Own, Drive, Burn that sees us choosing between three of the original ultimate sports cars from Jaguar , Aston Martin and Mercedes-Benz.

Make sure that you leave us a bunch of comments, questions and Own, Drive, Burn suggestions for the next show. Have a safe weekend and we will see you all next week.

The 458 Speciale was a bit of a surprise when the details began leaking out in 2013, and we were in for an even bigger treat when it debuted during the 2013 Frankfurt Auto Show with its 596 horsepower — 34 more horses than the base 458 — 398 pound-feet of torque, 200 pounds of weight loss, and three-second 0-to-60 mph time. Now on June 24th, 2014, rumors surfaced claiming that Ferrari is planning on removing the top from the 458 Speciale, creating a new, road- and track-ready Spider.

The news was broken by 4wheelsnews.com via "inside sources" within Ferrari, but the details behind the model remain a relative mystery for now. What we know for sure is that this model will weigh significantly less than the current 458 Italia Spider , carry the same engine as the Speciale Coupe and clip 60 mph in around three ticks of the second hand.

Updated 09/17/2014: Ferrari will unveil the new 458 Speciale Spider at the 2014 Paris Motor Show in October 2014.

Updated 09/22/2014: The new Ferrari 458 Speciale Spider will be unveiled in just a few days in Paris, but, as expected, the car couldn’t remain a secret until then. It was caught completely undisguised outside Maranello factory. (CarsAndBusiness)

Click past the jump for the whole story and to see what I think of this move.

Source: 4wheelsnews

Fiat CEO Sergio Marchionne isn’t set to take the chairman of Ferrari role from Luca di Montezemolo until next month, but he’s already planning to do something his predecessor was opposed to throughout his tenure. Speaking at an event late last week, Marchionne divulged his plans of increasing production of Ferrari vehicles, including the LaFerrari , to meet with customer demand.

That issue was one of the reported reasons behind the disagreements Marchionne had with di Montezemolo, culminating in the latter’s decision to step down as Ferrari chairman after 23 years of holding that post. Di Montezemolo wanted to keep the Italian automaker’s production volume limited to 7,000 vehicles a year to protect its exclusivity, even at the expense of losing buyers willing to spend top dollar for these models.

But Marchionne is holding firm on his stance and is now planning to increase production of Ferrari models, including the $1.3 million LaFerrari that was initially limited to just 499 units.

“If that class increases, we should be able to follow them,” he said during the event. “The waiting list will become too long, and people get tired.”

He didn’t give a definite number on how many vehicles he wants Ferrari to produce every year, but he did say that there’s a potential for close to 10,000 models annually.

Only time will tell if his strategy works or whether it puts a taint on the Italian automaker’s ‘exclusive’ legacy.

Click past the jump to read more about Marchionne’s plans for Ferrari.

Source: detroitnews

Ferrari Chairman Luca di Montezemolo is stepping down from his post on October 13th, but before he hands over his Ferrari access cards, the man is going out in a blaze of glory by unveiling a limited-edition Ferrari that will be exclusively sold in the U.S.

There will only be 10 examples of this special Ferrari so yeah, it’s limited alright. But more importantly, it’s also ridiculously expensive. How expensive, you ask? Try $3.2 million, which is the roughly the equivalent of buying a Ferrari LaFerrari and having enough change to score Bugatti Veyron .

Auto News is reporting that the yet-to-be-identified model will be inspired by America, including a predominantly blue paint finish with matching white stripes. Those are the same colors the North American Racing Team that drove Ferraris back in the 60’s used. The same report also indicated that the F12 Berlinetta will likely be the basis of this unique model, sort of like the F12 SP America with a dramatically different body and interior.

I’m not sure what to expect out of this model other than what’s already been disclosed. It’s going to be rare. It’s going to be expensive. And oh, by the way, all 10 units are already sold. Yup. They’re all sold out.

We expect the new Ferrari to make its debut in Los Angeles on October 12th, 2014 during a gala dinner to celebrate the Italian automaker’s 60th anniversary in America. It’s also the day before di Montezemolo steps down so quite literally, this launch will be his swan song with the Prancing Horse. Hard to imagine how you can top that one, Mr. Sergio Marchionne.

Note: Ferrari F12berlinetta pictured here.

Click past the jump to read more about Ferrari’s Future Special Edition.

Ever wondered what Ferrari would look like if it became, to quote former CEO Luca di Montezemolo, “American?" Well, Jalopnik writer and artist Jason Torchinsky did just that, creating a series of hilarious Ferrari-based renderings that show a number of models receiving America’s unabashed imprint.

The F12 Brougham and the FF Sportwagen could actually pass of as legitimate Ferraris if you’re looking at them while in an inebriated state, but that’s the extent of it. The rest of the renderings take a turn for the insanely hilarious. There’s the 458 Montana SUV that looks like a moustachioed 458 on PEDs; the 458 Eagle with “vertical stabilizing fins” and a Pontiac Firebird-inspired eagle hood graphic; the 458 Rebele with welded doors and General Lee-inspired livery; and the three-wheeled Florida T with an exposed supercharger and a meth-dispenser system.

But the coup de grâce is the limited edition LaFerrari Van that might actually make for a pretty decent family car if not for the fact that it isn’t real.

Well done, Jason. Well done. Somewhere Ferrari executives are typing up a cease and desist letter.

Click past the jump to see how Ferrari’s lineup will look like if it really was becoming "American."

Image Credit: Jason Torchinsky
Images used with the express permission of Jalopnik.

Source: Jalopnik

Luca di Montezemolo’s abrupt resignation as Ferrari president (effective October 13th) caught a lot of people by surprise. It was a bombshell, to say the least, but don’t start feeling bad for Ferrari because the company, largely due to di Montezemolo, is raking in a whole lot of money these days. Even in the U.S., Ferrari’s revenues have never been healthier, especially after selling 1,062 cars in the first half of 2014. That unprecedented success also coincides with the 60th anniversary of the Italian automaker in the U.S., which we all know is a pretty big deal. It’s so big, in fact, that Ferrari’s planning to commemorate the occasion by releasing a special edition Ferrari exclusively for America.

Details are still sketchy at this point, but Ferrari did say that only 10 units of this yet-to-be-identified model will be released. In other words, that’s exclusive with a capital "E." Let the speculation begin on what this model’s going to be. If I’m going to guess, I think it’s going to be based on the Ferrari California T . I have no intel whatsoever; I just have a hunch.

Aside from this limited-edition Ferrari, the company’s plans for the U.S. also include selling even more models in the second half of the year. In addition to more sales, the company is also planning to have a charity initiative and what di Montezemolo describes as “a major event in Los Angeles to bring together all our American clients and collectors."

Maybe that’s the time and place we see this limited edition, U.S.-only Ferrari. It makes sense, doesn’t it?

Click past the jump to read more about Ferrari’s future special edition.

Well this is some surprising news indeed. The man that has helmed Ferrari for more than two decades, Luca di Montezemolo is stepping down, effective October 13th. Sadly, and despite his age of 67, this doesn’t seem to be a simple retirement; there has been some serious tension in the land of the Italian automobile lately.

Not only is Ferrari struggling in Formula One , but Montezemelo has been butting heads lately with Fiat head Sergio Marchionne. Not only is Marchionne upset with the Formula One disappointment, but he and Montezemelo are at opposite ends of the scale when it comes to the future of Ferrari.

Currently Montezemelo has capped Ferrari’s sales at 7,000 cars per year to bolster and maintain the company’s elite status. Marchionne, on the other hand, wants Ferrari to expand, become even more profitable, and to donate technology and engineering to other brands in the Fiat family with the goal of creating more luxurious models across the range. Marchionne wants the new Fiat/Chrysler to become a true competitor to Volkswagen .

According to a report from Bloomberg, Montezemelo has been quoted as saying that “Ferrari is now American,” going so far as to call it “the end of an era.” I hope he is wrong.

This is most disappointing, as Montezemelo has an astonishing record at Ferrari. Since he took over, company revenue has climbed by 1,000 percent, yearly auto sales have tripled, and after years and years of F1 failure, the Ferrari team secured eight World Constructors’ Championships.

Marchionne is anything but an idiot, but I do feel worried for the Ferrari brand as a whole. Montezemelo has obviously had some incredible success in running this prestigious brand, and it is upsetting to see him so unceremoniously forced out of the company that he helped thrust into such incredible success.

Click past the jump to read more about Luca di Montezemolo’s collaboration with Ferrari.

British DJ and TV presenter Chris Evans (not to be confused with Captain America Chris Evans) recently dropped a staggering £2.27 million on one of the most famous Ferraris ever created, the 1971 Ferrari Daytona Spyder . Evans purchased the iconic Ferrari at Silverstone Auctions ’ Salon Prive sale in London late last week. What was initially thought of as just an appearance by the British celebrity quickly escalated into a frenzied bidding war for the extremely rare Ferrari Ferrari . In the end, Evans won the auction after agreeing to shell out £2.27 million for the Daytona Spyder, which converts to around $3.7 million as of 9/9/2014.

The amount the Daytona Spyder went for is thought to be a world record for the model, further highlighting how classic Ferraris have become incredible investments these days.

This particular Daytona Spyder also holds the unique distinction of being built by two of the most important Italian design houses: Pininfarina and Scaglietti. It also hasn’t spent a whole lot of time under the sun despite being more than 40 years old. According to Silverstone Auctions, the Daytona Spyder Evans scooped up for almost $4 million only has less than 4,000 miles on its odometer. It’s also been described as being in "concours condition," which pretty much translates into "as good as it gets."

Click past the jump to read more about the 1971 Ferrari Daytona Spyder.

Source: DailyMail

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