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Ferrari held their annual Capital Markets Day where the company provided details about their plans through 2022. CEO Louis Camilleri revealed a roadmap that is similar to what former CEO Sergio Marchionne presented previously. 15 new models are expected to launch by 2022 and that will include a new SUV called Purosangue. However, Camilleri has pushed back the launch from 2020 to 2022 to "get it perfect." There will also be a new mid-engine model that may serve as Ferrari's performance flagship as it is said to be quicker than the La Ferrari. Ferrari is also expanding its hybrid offerings, planning to offer 60 percent of its total production with a hybrid engine by 2022. This will include a new V6 with turbocharging. Camilleri has also pulled back on Marchionne's earnings target of 2 billion euros to a range of 1.8 to 2 billion by 2022. "This is an ambitious plan, but a doable one based on a concrete, detailed framework," said Camilleri. Source: Bloomberg -
Ferrari held their annual Capital Markets Day where the company provided details about their plans through 2022. CEO Louis Camilleri revealed a roadmap that is similar to what former CEO Sergio Marchionne presented previously. 15 new models are expected to launch by 2022 and that will include a new SUV called Purosangue. However, Camilleri has pushed back the launch from 2020 to 2022 to "get it perfect." There will also be a new mid-engine model that may serve as Ferrari's performance flagship as it is said to be quicker than the La Ferrari. Ferrari is also expanding its hybrid offerings, planning to offer 60 percent of its total production with a hybrid engine by 2022. This will include a new V6 with turbocharging. Camilleri has also pulled back on Marchionne's earnings target of 2 billion euros to a range of 1.8 to 2 billion by 2022. "This is an ambitious plan, but a doable one based on a concrete, detailed framework," said Camilleri. Source: Bloomberg View full article
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*UPDATE* Automotive News Europe is reporting that Jeep and Ram Trucks head Mike Manley will become Marchionne's successor as FCA CEO. We'll have more in an upcoming news story. The era of Sergio Marchionne leading Fiat Chrysler Automobiles and Ferrari is seemingly coming to abrupt end. Last night, both Bloomberg and Reuters reported that Marchionne would not return as CEO of the two companies due to complications from surgery. Earlier this month, FCA said Marchionne would be going on medical leave for shoulder surgery. Sources tell Reuters that since the operation, the CEO has been experiencing “massive” and serious complications. The boards of FCA and Ferrari are meeting today to decide possible successors. According to one source, the new CEO of Ferrari is expected to be Louis Carey Camilleri - currently a board member and former chairman of Philip Morris International. At FCA, there are three people up for consideration - CFO Richard Palmer, Europe chief Alfredo Altavilla, and head of the Jeep and Ram Mike Manley. Spokespeople for both FCA and Ferrari declined to comment. In addition to his roles at Ferrari and FCA, Marchionne is the Chairman of CNH Industrial, an agricultural and construction equipment manufacturer. According to sources, the board is expected to meet today to discuss a succession plan. Source: Automotive News (Subscription Required), Bloomberg, Reuters View full article -
Rumorpile: FCA, Ferrari Boards To Discuss Marchionne Successors
William Maley posted an article in Fiat
*UPDATE* Automotive News Europe is reporting that Jeep and Ram Trucks head Mike Manley will become Marchionne's successor as FCA CEO. We'll have more in an upcoming news story. The era of Sergio Marchionne leading Fiat Chrysler Automobiles and Ferrari is seemingly coming to abrupt end. Last night, both Bloomberg and Reuters reported that Marchionne would not return as CEO of the two companies due to complications from surgery. Earlier this month, FCA said Marchionne would be going on medical leave for shoulder surgery. Sources tell Reuters that since the operation, the CEO has been experiencing “massive” and serious complications. The boards of FCA and Ferrari are meeting today to decide possible successors. According to one source, the new CEO of Ferrari is expected to be Louis Carey Camilleri - currently a board member and former chairman of Philip Morris International. At FCA, there are three people up for consideration - CFO Richard Palmer, Europe chief Alfredo Altavilla, and head of the Jeep and Ram Mike Manley. Spokespeople for both FCA and Ferrari declined to comment. In addition to his roles at Ferrari and FCA, Marchionne is the Chairman of CNH Industrial, an agricultural and construction equipment manufacturer. According to sources, the board is expected to meet today to discuss a succession plan. Source: Automotive News (Subscription Required), Bloomberg, Reuters -
Ferrari was hoping to keep their Geneva debut under wraps, but a leak yesterday spoiled those plans. Today, Ferrari has revealed 488 Pista, their latest track day special. The Pista (Italian for track) is described by the prancing horse as a model that benefits from the knowledge that was learned in the FIA's World Endurance Championship (this includes the 24 Hours of Le Mans). Most of this knowledge is applied in the aerodynamics of the 488 Pista. This includes reshaped front diffusers, an F1-inspired S-Duct, and a larger rear spoiler. This allows the 488 Pista to produce 20 percent more downforce than the 488 GTB. Ferrari has also updated their Side-Slip Angle Control system that enhances driving pleasure. The system is comprised of an electronic differential, F1-Trac stability control, magnetorheological suspension, and Ferrari's Dynamic Enhancer system the varies the pressure of brake calipers. In its lightest guise, Ferrari claims the 488 Pista is about 200 pounds lighter than the standard 488. This includes a number of "optional lightweight features" (which the company is keeping quiet as to what those features are), along with stripping out the interior and increasing the amount of carbon fiber. Power for the Pista is a reworked version of the 3.9L twin-turbo V8 engine. Output is rated at 720 horsepower and 567 pound-feet of torque, making this the most powerful V8 engine Ferrari has used in a street-legal car. Performance figures are impressive, 0-62 mph in 2.8 seconds 0-124 mph in 7.6 seconds Top speed of 211 mph No word on a release timeframe or price. Source: Ferrari Press Release is on Page 2 Introducing the new Ferrari 488 Pista Geneva unveiling for exhilarating, high-performance new Special Series Maranello, 21 February 2018 – The Ferrari 488 Pista, which will be unveiled at the upcoming Geneva Motor Show, is the successor to Ferrari’s V8-engined special series – the 360 Challenge Stradale, 430 Scuderia and 458 Speciale – which have received critical acclaim for their performance and undiluted handling. The Ferrari 488 Pista marks a significant step forward from the previous special series in terms of both sporty dynamics and for the level of technological carry-over from racing. The name is, in fact, a direct homage to Ferrari’s unparalleled heritage in motor sports. The car’s development evolved directly from the company’s involvement in the FIA World Endurance Championship – in which it has won five Manufacturers’ titles in the GTE class in the six years since the series’ inception – and its 25 years’ experience in running the Ferrari Challenge one-make series. The Ferrari 488 Pista’s extensive weight saving solutions, along with engine, vehicle dynamics and aerodynamic developments, all derive from Ferrari’s racing cars: the 488 GTE and the 488 Challenge. The result is a car with an uncompromising mission: to offer impeccable track-like performance on and off the road, even when in the hands of non-professional drivers. LIGHTER AND MORE POWERFUL The new model weighs an impressive 90 kg less (1280 kg dry) than the 488 GTB. This fact, combined with the largest ever increase in engine power for a special series car (+50 cv), sets a new benchmark for Ferrari’s V8 sports cars. Its engine is the most powerful V8 in Ferrari history and is an extreme evolution of the turbo unit that won the overall International Engine of the Year award titles in both 2016 and 2017. It punches out 720 cv with the highest specific output of in its class (185 cv/l) and is now lighter too, thanks to solutions adopted from the 488 Challenge. As a result it has a top speed of 340 km/h and sprints from 0-100 km/h in 2.85” and 0 -200 km/h in 7.6”. The engine sound is unique and unmistakably Ferrari, as such a special car warrants. Both the sound quality and the intensity are higher than the 488 GTB in all gears and at all engine speeds in proportion with the progressive increase in power. BOOSTED DOWNFORCE The Ferrari 488 Pista makes full use of Ferrari’s motor-sports experience for maximum aerodynamic performance even on the road. Among the racing solutions adopted is the front F1-inspired S-Duct and the design of the front diffusers which feature a ramp angle that was optimised for the 488 GTE to create strong suction for increased downforce. Additionally, the rear blown spoiler is higher and longer and the shape has been optimised. The final result of all these interventions is an impressive 20% increase in downforce compared to the 488 GTB. EXHILARATING DRIVING PLEASURE The vehicle dynamics were designed to enhance driving pleasure and make the car’s full potential available to all drivers, professional or otherwise. The objective was to make the car’s performance on the limit easier to reach and control. This was achieved by synergies between the development of the mechanical set-up and the electronic dynamic controls integrated into version 6 of the Side-Slip Angle Control system. SSC 6.0 incorporates all the following systems: E-Diff3, F1-Trac, the magnetorheological suspension (SCM) and, for the first time ever, the Ferrari Dynamic Enhancer. The FDE features a world-first: it uses Ferrari software to adjust the brake pressure at the callipers. A POWERFUL, EFFICIENT DESIGN The design of the Ferrari 488 Pista is focussed on functional aerodynamic concepts while the cockpit is pared back in keeping with its very sporty vocation. Ferrari Design used innovative elements, such as the aerodynamic S-Duct at the front, as an opportunity to visually shorten the car’s nose, creating an original floating wing effect. The racing livery colour scheme is an integral part of the design of the car and the way it dives into the S-Duct underscores the berlinetta’s compact yet imposing forms. Contrasting edging on the aerodynamic elements on the bumpers and flanks add structure to the design. The concept of the front is echoed in the dolphin-tail rear spoiler which appears suspended to provide an impression lightness and efficiency, while the rear volumes add a sense of power to the tail. Ferrari 488 Pista Short technical specifications ENGINE Type V8 – 90° twin turbo Overall displacement 3902 cm3 Max. power output * 530 kW (720 cv) at 8000 rpm Max. torque * 770 Nm at 3000 rpm in 7th gear DIMENSIONS AND WEIGHTS Length 4605 mm Width 1975 mm Height 1206 mm Dry weight ** 1280 kg PERFORMANCE 0-100 km/h 2.85 s 0 -200 km/h 7.6 s Max. Speed > 340 km/h FUEL CONSUMPTION AND C02 EMISSIONS Under homologation * With 98 octane petrol **With optional lightweight features -
Ferrari was hoping to keep their Geneva debut under wraps, but a leak yesterday spoiled those plans. Today, Ferrari has revealed 488 Pista, their latest track day special. The Pista (Italian for track) is described by the prancing horse as a model that benefits from the knowledge that was learned in the FIA's World Endurance Championship (this includes the 24 Hours of Le Mans). Most of this knowledge is applied in the aerodynamics of the 488 Pista. This includes reshaped front diffusers, an F1-inspired S-Duct, and a larger rear spoiler. This allows the 488 Pista to produce 20 percent more downforce than the 488 GTB. Ferrari has also updated their Side-Slip Angle Control system that enhances driving pleasure. The system is comprised of an electronic differential, F1-Trac stability control, magnetorheological suspension, and Ferrari's Dynamic Enhancer system the varies the pressure of brake calipers. In its lightest guise, Ferrari claims the 488 Pista is about 200 pounds lighter than the standard 488. This includes a number of "optional lightweight features" (which the company is keeping quiet as to what those features are), along with stripping out the interior and increasing the amount of carbon fiber. Power for the Pista is a reworked version of the 3.9L twin-turbo V8 engine. Output is rated at 720 horsepower and 567 pound-feet of torque, making this the most powerful V8 engine Ferrari has used in a street-legal car. Performance figures are impressive, 0-62 mph in 2.8 seconds 0-124 mph in 7.6 seconds Top speed of 211 mph No word on a release timeframe or price. Source: Ferrari Press Release is on Page 2 Introducing the new Ferrari 488 Pista Geneva unveiling for exhilarating, high-performance new Special Series Maranello, 21 February 2018 – The Ferrari 488 Pista, which will be unveiled at the upcoming Geneva Motor Show, is the successor to Ferrari’s V8-engined special series – the 360 Challenge Stradale, 430 Scuderia and 458 Speciale – which have received critical acclaim for their performance and undiluted handling. The Ferrari 488 Pista marks a significant step forward from the previous special series in terms of both sporty dynamics and for the level of technological carry-over from racing. The name is, in fact, a direct homage to Ferrari’s unparalleled heritage in motor sports. The car’s development evolved directly from the company’s involvement in the FIA World Endurance Championship – in which it has won five Manufacturers’ titles in the GTE class in the six years since the series’ inception – and its 25 years’ experience in running the Ferrari Challenge one-make series. The Ferrari 488 Pista’s extensive weight saving solutions, along with engine, vehicle dynamics and aerodynamic developments, all derive from Ferrari’s racing cars: the 488 GTE and the 488 Challenge. The result is a car with an uncompromising mission: to offer impeccable track-like performance on and off the road, even when in the hands of non-professional drivers. LIGHTER AND MORE POWERFUL The new model weighs an impressive 90 kg less (1280 kg dry) than the 488 GTB. This fact, combined with the largest ever increase in engine power for a special series car (+50 cv), sets a new benchmark for Ferrari’s V8 sports cars. Its engine is the most powerful V8 in Ferrari history and is an extreme evolution of the turbo unit that won the overall International Engine of the Year award titles in both 2016 and 2017. It punches out 720 cv with the highest specific output of in its class (185 cv/l) and is now lighter too, thanks to solutions adopted from the 488 Challenge. As a result it has a top speed of 340 km/h and sprints from 0-100 km/h in 2.85” and 0 -200 km/h in 7.6”. The engine sound is unique and unmistakably Ferrari, as such a special car warrants. Both the sound quality and the intensity are higher than the 488 GTB in all gears and at all engine speeds in proportion with the progressive increase in power. BOOSTED DOWNFORCE The Ferrari 488 Pista makes full use of Ferrari’s motor-sports experience for maximum aerodynamic performance even on the road. Among the racing solutions adopted is the front F1-inspired S-Duct and the design of the front diffusers which feature a ramp angle that was optimised for the 488 GTE to create strong suction for increased downforce. Additionally, the rear blown spoiler is higher and longer and the shape has been optimised. The final result of all these interventions is an impressive 20% increase in downforce compared to the 488 GTB. EXHILARATING DRIVING PLEASURE The vehicle dynamics were designed to enhance driving pleasure and make the car’s full potential available to all drivers, professional or otherwise. The objective was to make the car’s performance on the limit easier to reach and control. This was achieved by synergies between the development of the mechanical set-up and the electronic dynamic controls integrated into version 6 of the Side-Slip Angle Control system. SSC 6.0 incorporates all the following systems: E-Diff3, F1-Trac, the magnetorheological suspension (SCM) and, for the first time ever, the Ferrari Dynamic Enhancer. The FDE features a world-first: it uses Ferrari software to adjust the brake pressure at the callipers. A POWERFUL, EFFICIENT DESIGN The design of the Ferrari 488 Pista is focussed on functional aerodynamic concepts while the cockpit is pared back in keeping with its very sporty vocation. Ferrari Design used innovative elements, such as the aerodynamic S-Duct at the front, as an opportunity to visually shorten the car’s nose, creating an original floating wing effect. The racing livery colour scheme is an integral part of the design of the car and the way it dives into the S-Duct underscores the berlinetta’s compact yet imposing forms. Contrasting edging on the aerodynamic elements on the bumpers and flanks add structure to the design. The concept of the front is echoed in the dolphin-tail rear spoiler which appears suspended to provide an impression lightness and efficiency, while the rear volumes add a sense of power to the tail. Ferrari 488 Pista Short technical specifications ENGINE Type V8 – 90° twin turbo Overall displacement 3902 cm3 Max. power output * 530 kW (720 cv) at 8000 rpm Max. torque * 770 Nm at 3000 rpm in 7th gear DIMENSIONS AND WEIGHTS Length 4605 mm Width 1975 mm Height 1206 mm Dry weight ** 1280 kg PERFORMANCE 0-100 km/h 2.85 s 0 -200 km/h 7.6 s Max. Speed > 340 km/h FUEL CONSUMPTION AND C02 EMISSIONS Under homologation * With 98 octane petrol **With optional lightweight features View full article
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For the past few years, Fiat Chrysler Automobiles CEO Sergio Marchionne holds a conference with journalists and analysts at the Detroit Auto Show, taking various questions. According to Motor Trend, Marchionne revealed that more crossovers are on the way for Alfa Romeo, Chrysler, and Ferrari. Alfa's Three-Row Crossover: Sergio Marchionne confirmed that Alfa Romeo is working on a larger SUV to sit above the Stelvio. He says this model is very important for the brand. As we reported towards the end of December, the model would use a stretched version of the Stelvio's platform and possibly feature a mild-hybrid powertrain. Chrysler's Pacifica-based crossover: It seems the platform that underpins the Pacifica will be used for a long-promised crossover. The model was in the previous five-year plan for FCA, but was pushed back. The model will be in the next five-year plan (expected to be shown sometime later this year) and could go into production within the next 18 months. Ferrari SUV: Progress on Ferrari's upcoming SUV is moving quite quickly as Marchionne said it would be ready by the end of 2019 or early 2020. At the moment, the Italian automaker has mock-up bodies of the SUV, but nothing driveable. “I have seen the car when I was in Europe. It’s not finished. It’s going to be Ferrari. It will drive like a Ferrari or I’ll be taken to the shed. But it looks good,” said Marchionne. Other bits from Marchionne: When asked about a performance electric vehicle, Marchionne said, “Ferrari has looked at this forever, and if there is an electric supercar to be built, Ferrari will do it,” FCA hasn't "found an economic way to get this done” when asked if there was the chance of a midsize Ram pickup. Wrangler Pickup is expected to debut towards the end of 2019 Marchionne is planning to retire as FCA CEO next year The most pressing question asked during the session? Where does he buy his sweaters? Answer: Online. Source: Motor Trend View full article
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Sergio Marchionne: You Get a Crossover and You Get A Crossover
William Maley posted an article in Chrysler
For the past few years, Fiat Chrysler Automobiles CEO Sergio Marchionne holds a conference with journalists and analysts at the Detroit Auto Show, taking various questions. According to Motor Trend, Marchionne revealed that more crossovers are on the way for Alfa Romeo, Chrysler, and Ferrari. Alfa's Three-Row Crossover: Sergio Marchionne confirmed that Alfa Romeo is working on a larger SUV to sit above the Stelvio. He says this model is very important for the brand. As we reported towards the end of December, the model would use a stretched version of the Stelvio's platform and possibly feature a mild-hybrid powertrain. Chrysler's Pacifica-based crossover: It seems the platform that underpins the Pacifica will be used for a long-promised crossover. The model was in the previous five-year plan for FCA, but was pushed back. The model will be in the next five-year plan (expected to be shown sometime later this year) and could go into production within the next 18 months. Ferrari SUV: Progress on Ferrari's upcoming SUV is moving quite quickly as Marchionne said it would be ready by the end of 2019 or early 2020. At the moment, the Italian automaker has mock-up bodies of the SUV, but nothing driveable. “I have seen the car when I was in Europe. It’s not finished. It’s going to be Ferrari. It will drive like a Ferrari or I’ll be taken to the shed. But it looks good,” said Marchionne. Other bits from Marchionne: When asked about a performance electric vehicle, Marchionne said, “Ferrari has looked at this forever, and if there is an electric supercar to be built, Ferrari will do it,” FCA hasn't "found an economic way to get this done” when asked if there was the chance of a midsize Ram pickup. Wrangler Pickup is expected to debut towards the end of 2019 Marchionne is planning to retire as FCA CEO next year The most pressing question asked during the session? Where does he buy his sweaters? Answer: Online. Source: Motor Trend -
Back in July, we reported that Ferrari was planning an SUV. This was a bit of a surprise since Ferrari Chairman and FCA CEO Sergio Marchionne said "you have to shoot me first,” when asked about this last year. He would confirm that the brand is considering this a month later. It seems now Ferrari is now beyond the consideration stage. Today at the New York Stock Exchange, Marchionne said the automaker is deciding on production which will take about 30 months to complete. Production would be limited to preserve exclusivity. “We’re dead serious about this. We need to learn how to master this whole new relationship between exclusivity and scarcity of product, then we’re going to balance this desire to grow with a widening of the product portfolio,” said Marchionne. As we reported back in August, the SUV or 'FUV' as Marchionne calls it is part of an effort to double the profits of Ferrari. Source: Bloomberg -
Ferrari News: Marchionne Stokes Ferrari's Interest In An SUV
William Maley posted a topic in Ferrari
Back in July, we reported that Ferrari was planning an SUV. This was a bit of a surprise since Ferrari Chairman and FCA CEO Sergio Marchionne said "you have to shoot me first,” when asked about this last year. He would confirm that the brand is considering this a month later. It seems now Ferrari is now beyond the consideration stage. Today at the New York Stock Exchange, Marchionne said the automaker is deciding on production which will take about 30 months to complete. Production would be limited to preserve exclusivity. “We’re dead serious about this. We need to learn how to master this whole new relationship between exclusivity and scarcity of product, then we’re going to balance this desire to grow with a widening of the product portfolio,” said Marchionne. As we reported back in August, the SUV or 'FUV' as Marchionne calls it is part of an effort to double the profits of Ferrari. Source: Bloomberg View full article -
Ferrari Confirms Plan For Utility Vehicle, Expand Hybrid Offerings
William Maley posted an article in Ferrari
It was about a month ago that we reported on the rumor of Ferrari working on an SUV, a complete 180 from Ferrari Chairman (and Fiat Chrysler Automobiles CEO) Sergio Marchionne's “you have to shoot me first” answer when asked about this last year. That rumor has been revealed to be true. During a conference call reporting second-quarter earnings, Marchionne confirmed that the Italian sports car builder is considering an expansion into utility vehicles and possibly reinvent the segment. "It will probably happen but it will happen in Ferrari’s style,” said Marchionne. "That space is too big and too inviting and we have a lot of our customers who will be more than willing to drive a Ferrari-branded vehicle that has that king of utilitarian objective." Marchionne also reiterated the “you have to shoot me first” comment is if Ferrari comes up with something similar to the models from Bentley or Porsche. Bloomberg learned from sources earlier in the week about Ferrari considering adding an SUV to their lineup in an effort to double profits by 2022. The model would be targeted at customers in Asia, particularly those in China. This could add an extra 2,000 sales for the company. But this could bring up a big problem for Ferrari. Currently, Ferrari produces under 10,000 vehicles a year to avoid various emission regulations. By possibly adding an SUV, Ferrari would now have to meet them. According to sources, Ferrari is planning on introducing more hybrid models beginning in 2019 to meet the various regulations. Next year, Marchionne will be presenting his final five-year business plan for FCA and their various brands. We'll likely find out then if Ferrari is going forward on the utility vehicle. Source: Bloomberg, (2) -
It was about a month ago that we reported on the rumor of Ferrari working on an SUV, a complete 180 from Ferrari Chairman (and Fiat Chrysler Automobiles CEO) Sergio Marchionne's “you have to shoot me first” answer when asked about this last year. That rumor has been revealed to be true. During a conference call reporting second-quarter earnings, Marchionne confirmed that the Italian sports car builder is considering an expansion into utility vehicles and possibly reinvent the segment. "It will probably happen but it will happen in Ferrari’s style,” said Marchionne. "That space is too big and too inviting and we have a lot of our customers who will be more than willing to drive a Ferrari-branded vehicle that has that king of utilitarian objective." Marchionne also reiterated the “you have to shoot me first” comment is if Ferrari comes up with something similar to the models from Bentley or Porsche. Bloomberg learned from sources earlier in the week about Ferrari considering adding an SUV to their lineup in an effort to double profits by 2022. The model would be targeted at customers in Asia, particularly those in China. This could add an extra 2,000 sales for the company. But this could bring up a big problem for Ferrari. Currently, Ferrari produces under 10,000 vehicles a year to avoid various emission regulations. By possibly adding an SUV, Ferrari would now have to meet them. According to sources, Ferrari is planning on introducing more hybrid models beginning in 2019 to meet the various regulations. Next year, Marchionne will be presenting his final five-year business plan for FCA and their various brands. We'll likely find out then if Ferrari is going forward on the utility vehicle. Source: Bloomberg, (2) View full article
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“You have to shoot me first.” That was the response of Ferrari Chairman (and Fiat Chrysler Automobiles CEO) Sergio Marchionne last year when asked if Ferrari would ever do an SUV. But it seems Ferrari is working on one according to a report from Car. The model - codenamed F16X is expected to be paired up with the replacement for the GT4C, due out in 2020. That means it will feature aluminum architecture and all-wheel drive. F16X will set itself apart from the GT4C by having a higher ride height, feature a four-door coupe body with rear suicide doors, and utilize V8 and hybrid powertrains. According to sources at the company, the F16X will cost 300,000 euros (about $341,724.57). Source: Car View full article
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“You have to shoot me first.” That was the response of Ferrari Chairman (and Fiat Chrysler Automobiles CEO) Sergio Marchionne last year when asked if Ferrari would ever do an SUV. But it seems Ferrari is working on one according to a report from Car. The model - codenamed F16X is expected to be paired up with the replacement for the GT4C, due out in 2020. That means it will feature aluminum architecture and all-wheel drive. F16X will set itself apart from the GT4C by having a higher ride height, feature a four-door coupe body with rear suicide doors, and utilize V8 and hybrid powertrains. According to sources at the company, the F16X will cost 300,000 euros (about $341,724.57). Source: Car -
Ferrari has been able to be exempt from certain regulations concerning emissions and fuel economy since they sell less than 10,000 vehicles per year. But the Italian sports car builder is getting close to that amount as they have commited to ship 8,000 vehicles this year and raise that to 9,000 by 2019. What do you do in this case? Begin to add hybrid bits to your vehicles. Reuters reports that Ferrari CEO Sergio Marchionne announced during a conference call with investors that all of their vehicles sold from 2019 will have some sort of hybrid tech. This would allow Ferrari to grow and sell more vehicles. "Although I neither commit to this nor do I give any sort of certification of it being our objective, it is possible that the (annual sales) number could be well in excess of 10,000 cars in 2025," said Marchionne. Marchionne also mentioned that the company would undergo a "fundamental shift" in the way it manufacturers its cars. This would include building models with a focus on luxury. Source: Reuters -
Ferrari has been able to be exempt from certain regulations concerning emissions and fuel economy since they sell less than 10,000 vehicles per year. But the Italian sports car builder is getting close to that amount as they have commited to ship 8,000 vehicles this year and raise that to 9,000 by 2019. What do you do in this case? Begin to add hybrid bits to your vehicles. Reuters reports that Ferrari CEO Sergio Marchionne announced during a conference call with investors that all of their vehicles sold from 2019 will have some sort of hybrid tech. This would allow Ferrari to grow and sell more vehicles. "Although I neither commit to this nor do I give any sort of certification of it being our objective, it is possible that the (annual sales) number could be well in excess of 10,000 cars in 2025," said Marchionne. Marchionne also mentioned that the company would undergo a "fundamental shift" in the way it manufacturers its cars. This would include building models with a focus on luxury. Source: Reuters View full article
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Ferrari announced today that the current CEO Amedeo Felisa will step down and Sergio Marchionne will become the new CEO. The changes are effective immediately. The change didn't come as a surprise to most people. Sources tell Reuters that Marchionne being named CEO doesn't change much as he has been in charge since former Chairman Luca Di Montezemolo quit in September 2014. Felisa has been with Ferrari for 26 years holding various roles including overseeing product development and the general manager of the brand. He was named CEO in 2008. Felisa will still be part of Ferrari's board of directors. It is unknown what this change will bring to the Italian sports car maker. But considering some of Marchionne's previous comments, it wouldn't be surprising if production is slightly increased and an entry-level sports car comes out. Source: Associated Press, Reuters, Ferrari Press Release is on Page 2 Ferrari Announces CEO Succession Maranello (Italy), 2 May 2016 – Ferrari N.V. (“Ferrari” or “Company”) (NYSE/MTA: RACE) announces the retirement of its Chief Executive Officer, Mr. Amedeo Felisa, after 26 years of dedicated service. Mr. Sergio Marchionne will assume those responsibilities while retaining his current role as Chairman of the Company. Mr. Felisa will continue to serve on the Board of Directors of Ferrari with a specific mandate as technical advisor to the Company. Sergio Marchionne had this to say: “I have known Amedeo for more than a decade and I have had the opportunity to work with him closely for the last two years. He is beyond any doubt one of the best automotive engineers in the world. During the last 26 years, he has worked tirelessly to fuel and guide Ferrari’s technical development, producing an array of cars which have set the standard for both performance and styling.” The Board of Directors wants to officially express its gratitude to Amedeo for his contributions and is delighted to be able to count on his services as technical advisor to the leadership team going forward. These executive changes are effective immediately. -
Ferrari announced today that the current CEO Amedeo Felisa will step down and Sergio Marchionne will become the new CEO. The changes are effective immediately. The change didn't come as a surprise to most people. Sources tell Reuters that Marchionne being named CEO doesn't change much as he has been in charge since former Chairman Luca Di Montezemolo quit in September 2014. Felisa has been with Ferrari for 26 years holding various roles including overseeing product development and the general manager of the brand. He was named CEO in 2008. Felisa will still be part of Ferrari's board of directors. It is unknown what this change will bring to the Italian sports car maker. But considering some of Marchionne's previous comments, it wouldn't be surprising if production is slightly increased and an entry-level sports car comes out. Source: Associated Press, Reuters, Ferrari Press Release is on Page 2 Ferrari Announces CEO Succession Maranello (Italy), 2 May 2016 – Ferrari N.V. (“Ferrari” or “Company”) (NYSE/MTA: RACE) announces the retirement of its Chief Executive Officer, Mr. Amedeo Felisa, after 26 years of dedicated service. Mr. Sergio Marchionne will assume those responsibilities while retaining his current role as Chairman of the Company. Mr. Felisa will continue to serve on the Board of Directors of Ferrari with a specific mandate as technical advisor to the Company. Sergio Marchionne had this to say: “I have known Amedeo for more than a decade and I have had the opportunity to work with him closely for the last two years. He is beyond any doubt one of the best automotive engineers in the world. During the last 26 years, he has worked tirelessly to fuel and guide Ferrari’s technical development, producing an array of cars which have set the standard for both performance and styling.” The Board of Directors wants to officially express its gratitude to Amedeo for his contributions and is delighted to be able to count on his services as technical advisor to the leadership team going forward. These executive changes are effective immediately. View full article
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Electric Ferrari Would Be 'Obscene' According To Marchionne
William Maley posted an article in Ferrari
Fiat Chrysler Automobiles' CEO Sergio Marchionne isn't a fan of electric vehicles, especially the idea of a Ferrari EV. "With Ferrari, it's almost an obscene concept," said Marchionne. A key part of the Ferrari driving experience explained Marchionne was the noise of the V8 or V12 engines. Going with a fully electric powertrain removes something important in the experience. "You'll have to shoot me first," said Marchionne. It is rumored that Ferrari will do more with hybrid technology in their future vehicles as a way of improving fuel economy while retaining the performance the brand is known for. Source: Motor Authority -
Fiat Chrysler Automobiles' CEO Sergio Marchionne isn't a fan of electric vehicles, especially the idea of a Ferrari EV. "With Ferrari, it's almost an obscene concept," said Marchionne. A key part of the Ferrari driving experience explained Marchionne was the noise of the V8 or V12 engines. Going with a fully electric powertrain removes something important in the experience. "You'll have to shoot me first," said Marchionne. It is rumored that Ferrari will do more with hybrid technology in their future vehicles as a way of improving fuel economy while retaining the performance the brand is known for. Source: Motor Authority View full article
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The Ferrari FF was a bit of an odd duck for the brand. First introduced at the 2011 Geneva Motor Show, the FFmodel was a four-seater shooting brake with a 651 horsepower V12 and all-wheel drive. Five years after its debut, the Italian sports car builder is readying a refreshed version that will debut at the Geneva Motor Show next month. But it won't be called FF. It will be called the GTC4Lusso. At first, we thought someone had spilled some coffee on the keyboard when writing out the press release. But GTC4Lusso is the actual name of this vehicle. Ferrari says the name comes from the 330 GTC and the 250 GT Berlinetta Lusso, two iconic models from the past. Compared to the FF, the GTC4Lusso is similar in profile. But the GTC4Lusso borrows a couple of design cues from the F12 Berlinetta such as the front end, deep scallops on the doors, and a large rear diffuser. As someone who liked the look of the FF, the GTC4Lusso looks a bit ungainly. The interior boasts a new dashboard with a new 10.25-inch touchscreen. A compact steering wheel is said to improve the feeling of the GTC4Lusso being sporty. Under the hood is the same 6.3L V12 engine that powered the FF. For the GTC4Lusso, power has been increased from 651 to 681 horsepower. Torque has slightly increased from 504 to 514 pound-feet. No mention of what sort of transmission the model will use. A new all-wheel drive system with four-wheel steer will keep the model going in any condition. Source: Ferrari Press Release is on Page 2 The Ferrari GTC4Lusso debuts at the Geneva Show Class-leading performance, versatility in all driving conditions, sublime elegance. A unique car, a whole new world. Maranello, 8 February 2016 – Ferrari announces the addition to its range of the Ferrari GTC4Lusso, the new four-seater which hails a major evolution of the sporting Grand Tourer concept by integrating rear-wheel steering with four-wheel drive for the first time. This is a car designed for clients wanting to experience the pleasure of driving a Ferrari anywhere, anytime, be it on short spins or long journeys, snowy mountain roads or city streets, alone or in the company of three lucky passengers. Drivers who demand exceptional power but refuse to compromise on in-car comfort, sporty elegance and impeccable detailing. In short, the GTC4Lusso brings unprecedented versatility to Ferrari driving, like the FF before it which won the Prancing Horse a new, younger client base that, significantly, also makes greater use of its cars, clocking up 30% higher mileage than average. The GTC4Lusso’s name references illustrious predecessors, such as the 330 GTC or its 2+2 sister model, the 330 GT – one of Enzo Ferrari’s favourites – and the 250 GT Berlinetta Lusso, which represented a sublime combination of elegance and high performance. The number 4 alludes to the car’s four comfortable seats. Engine The GTC4Lusso’s 12-cylinder engine delivers smooth, consistent power, punching out a massive 690 cv at 8,000 rpm. Both its 2.6 kg/cv weight-to-power ratio and its 13.5:1 compression ratio set new records for the category. Maximum torque is 697 Nm at 5,750 rpm with 80% already available at just 1,750 rpm for superb responsiveness even at low revs. The soundtrack brilliantly reflects the car’s multifaceted personality: it is rich and powerful in performance driving and discreet yet harmonious in the city. Dynamics The Ferrari GTC4Lusso is an exceptionally versatile car in every kind of grip condition thanks to the Ferrari-patented 4RM Evo four-wheel drive system which is integrated with rear-wheel steering for the first time. The result is the newly-patented 4RM-S (four-wheel drive and steering) system which, based on yet another exclusive Prancing Horse patent, the latest evolution of the Slip Side Control (4.0) system, now incorporates the electronic differential (E-Diff) and the SCM-E dampers. All these sophisticated vehicle dynamics controls are seamlessly integrated by Ferrari’s proprietary software and enable the driver to effortlessly handle the GTC4Lusso’s extraordinary torque even on snow-covered, wet or low grip roads. The result is tremendous stability and a sensation of masterful control and security that translates into superior performance. The new-generation SCM-E damper control also contributes to improving performance on rough surfaces and, of course, to superior ride comfort. The GTC4Lusso’s high levels of performance are also due in part to new aerodynamic solutions, not least a new front grille with integrated air intakes to improve the efficiency of the radiating masses, the air vents on the wing that recall those of the 330 GTC, a roof-mounted rear spoiler and a new triple-fence diffuser. The combined effect of these features is a Cd value that is substantially lower than on the FF. Style Penned by Ferrari Design, the GTC4Lusso is a further refinement of the shooting brake coupé, reinterpreting the concept with an extremely streamlined, tapered shape that gives it an almost fastback-like silhouette. Its sporty soul is underscored by the forms and styling of the rear where the curve of the roof has been lowered whilst retaining enough volume to guarantee exceptional space and comfort for all four occupants, as well as an ample luggage compartment. Ferrari’s signature twin rear lights adorn the tail. These not only emphasise the car’s muscular shoulders and broaden it horizontally, but work visually with the tail pipes to lend a sense of imposing power to the rear. Dynamically chiselled crease lines create a diapason theme along the car’s flanks, breaking up the optical mass, accentuating the muscular wheelarch and imparting a sculpted athleticism. Interior Meticulous attention to design and carefully executed detailing has produced a cabin that is a flawless triumph of sporty luxury. Its Dual Cockpit architecture is another first, designed to enhance the shared driving experience for both driver and passenger, with the latter having their own generous optional display with a plethora of functions. That innovative architecture aside, the cabin’s most striking feature is the beautiful craftsmanship of the materials which have been painstakingly selected and combined to enrich the atmosphere on board. Generous wraparound seats guarantee all four occupants exceptional comfort and room, creating the same ambience as a luxurious living space. The GTC4Lusso also debuts the new Infotainment platform featuring a 10.25” HD screen with capacitive touch technology. The new steering wheel is more compact thanks to a smaller air bag and the integrated controls are more ergonomic than ever, making for an even sportier driving experience. The official world premiere of the GTC4Lusso will be at the Geneva International Motor Show in March, but exclusive images can be seen from today on www.ferrari.com. Ferrari GTC4Lusso brief technical specification Engine Type V12 – 65° Overall displacement 6262 cc Max. power output* 507 kW (690 cv) at 8,000 rpm Max. torque* 697 Nm at 5,750 rpm Dimensions and weight Length 4,922 mm Width 1,980 mm Height 1,383 mm Dry weight** 1,790 kg Weight distribution 47-53% front/rear Performance Maximum speed 335 km/h 0-100 km/h 3.4 sec * With 98 RON petrol **With optional lightweight contents -
The Ferrari FF was a bit of an odd duck for the brand. First introduced at the 2011 Geneva Motor Show, the FFmodel was a four-seater shooting brake with a 651 horsepower V12 and all-wheel drive. Five years after its debut, the Italian sports car builder is readying a refreshed version that will debut at the Geneva Motor Show next month. But it won't be called FF. It will be called the GTC4Lusso. At first, we thought someone had spilled some coffee on the keyboard when writing out the press release. But GTC4Lusso is the actual name of this vehicle. Ferrari says the name comes from the 330 GTC and the 250 GT Berlinetta Lusso, two iconic models from the past. Compared to the FF, the GTC4Lusso is similar in profile. But the GTC4Lusso borrows a couple of design cues from the F12 Berlinetta such as the front end, deep scallops on the doors, and a large rear diffuser. As someone who liked the look of the FF, the GTC4Lusso looks a bit ungainly. The interior boasts a new dashboard with a new 10.25-inch touchscreen. A compact steering wheel is said to improve the feeling of the GTC4Lusso being sporty. Under the hood is the same 6.3L V12 engine that powered the FF. For the GTC4Lusso, power has been increased from 651 to 681 horsepower. Torque has slightly increased from 504 to 514 pound-feet. No mention of what sort of transmission the model will use. A new all-wheel drive system with four-wheel steer will keep the model going in any condition. Source: Ferrari Press Release is on Page 2 The Ferrari GTC4Lusso debuts at the Geneva Show Class-leading performance, versatility in all driving conditions, sublime elegance. A unique car, a whole new world. Maranello, 8 February 2016 – Ferrari announces the addition to its range of the Ferrari GTC4Lusso, the new four-seater which hails a major evolution of the sporting Grand Tourer concept by integrating rear-wheel steering with four-wheel drive for the first time. This is a car designed for clients wanting to experience the pleasure of driving a Ferrari anywhere, anytime, be it on short spins or long journeys, snowy mountain roads or city streets, alone or in the company of three lucky passengers. Drivers who demand exceptional power but refuse to compromise on in-car comfort, sporty elegance and impeccable detailing. In short, the GTC4Lusso brings unprecedented versatility to Ferrari driving, like the FF before it which won the Prancing Horse a new, younger client base that, significantly, also makes greater use of its cars, clocking up 30% higher mileage than average. The GTC4Lusso’s name references illustrious predecessors, such as the 330 GTC or its 2+2 sister model, the 330 GT – one of Enzo Ferrari’s favourites – and the 250 GT Berlinetta Lusso, which represented a sublime combination of elegance and high performance. The number 4 alludes to the car’s four comfortable seats. Engine The GTC4Lusso’s 12-cylinder engine delivers smooth, consistent power, punching out a massive 690 cv at 8,000 rpm. Both its 2.6 kg/cv weight-to-power ratio and its 13.5:1 compression ratio set new records for the category. Maximum torque is 697 Nm at 5,750 rpm with 80% already available at just 1,750 rpm for superb responsiveness even at low revs. The soundtrack brilliantly reflects the car’s multifaceted personality: it is rich and powerful in performance driving and discreet yet harmonious in the city. Dynamics The Ferrari GTC4Lusso is an exceptionally versatile car in every kind of grip condition thanks to the Ferrari-patented 4RM Evo four-wheel drive system which is integrated with rear-wheel steering for the first time. The result is the newly-patented 4RM-S (four-wheel drive and steering) system which, based on yet another exclusive Prancing Horse patent, the latest evolution of the Slip Side Control (4.0) system, now incorporates the electronic differential (E-Diff) and the SCM-E dampers. All these sophisticated vehicle dynamics controls are seamlessly integrated by Ferrari’s proprietary software and enable the driver to effortlessly handle the GTC4Lusso’s extraordinary torque even on snow-covered, wet or low grip roads. The result is tremendous stability and a sensation of masterful control and security that translates into superior performance. The new-generation SCM-E damper control also contributes to improving performance on rough surfaces and, of course, to superior ride comfort. The GTC4Lusso’s high levels of performance are also due in part to new aerodynamic solutions, not least a new front grille with integrated air intakes to improve the efficiency of the radiating masses, the air vents on the wing that recall those of the 330 GTC, a roof-mounted rear spoiler and a new triple-fence diffuser. The combined effect of these features is a Cd value that is substantially lower than on the FF. Style Penned by Ferrari Design, the GTC4Lusso is a further refinement of the shooting brake coupé, reinterpreting the concept with an extremely streamlined, tapered shape that gives it an almost fastback-like silhouette. Its sporty soul is underscored by the forms and styling of the rear where the curve of the roof has been lowered whilst retaining enough volume to guarantee exceptional space and comfort for all four occupants, as well as an ample luggage compartment. Ferrari’s signature twin rear lights adorn the tail. These not only emphasise the car’s muscular shoulders and broaden it horizontally, but work visually with the tail pipes to lend a sense of imposing power to the rear. Dynamically chiselled crease lines create a diapason theme along the car’s flanks, breaking up the optical mass, accentuating the muscular wheelarch and imparting a sculpted athleticism. Interior Meticulous attention to design and carefully executed detailing has produced a cabin that is a flawless triumph of sporty luxury. Its Dual Cockpit architecture is another first, designed to enhance the shared driving experience for both driver and passenger, with the latter having their own generous optional display with a plethora of functions. That innovative architecture aside, the cabin’s most striking feature is the beautiful craftsmanship of the materials which have been painstakingly selected and combined to enrich the atmosphere on board. Generous wraparound seats guarantee all four occupants exceptional comfort and room, creating the same ambience as a luxurious living space. The GTC4Lusso also debuts the new Infotainment platform featuring a 10.25” HD screen with capacitive touch technology. The new steering wheel is more compact thanks to a smaller air bag and the integrated controls are more ergonomic than ever, making for an even sportier driving experience. The official world premiere of the GTC4Lusso will be at the Geneva International Motor Show in March, but exclusive images can be seen from today on www.ferrari.com. Ferrari GTC4Lusso brief technical specification Engine Type V12 – 65° Overall displacement 6262 cc Max. power output* 507 kW (690 cv) at 8,000 rpm Max. torque* 697 Nm at 5,750 rpm Dimensions and weight Length 4,922 mm Width 1,980 mm Height 1,383 mm Dry weight** 1,790 kg Weight distribution 47-53% front/rear Performance Maximum speed 335 km/h 0-100 km/h 3.4 sec * With 98 RON petrol **With optional lightweight contents View full article
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Alfa Romeo and Maserati are in a bit of a mess. Product launches for both brands have been pushed back again and again for various technical challenges. FCA has decided to bring back a former employee to help straighten out this mess. According to Automotive News, FCA has lured former Ferrari chief engineer Roberto Fedeli from BMW to become the chief technical officer for Alfa Romeo and Maserati. His new position will have him overseeing the r&d for the two brands. Fedeli spent 26 years at Ferrari in various roles before becoming the head of r&d for production cars in 2007. He is one the major players in the creation of the brand's hybrid supercar, the LaFerrari. Fedeli joined BMW back in 2014. Fedeli has his work cut out in trying to get Alfa Romeo and Maserati back on track. Supplier sources tell Automotive News that the most recent delay for the Giuila was due to the model failing to pass internal front, side, and rear crash tests. This resulted in an additional six months in development time to re-engineer the vehicle. A spokesperson from FCA told Road & Track the report is "not accurate or representative at all." The spokesperson went on to say that the Giulia is still on track to be launched in "late 2nd quarter 2016." We'll believe it when we see it. Over at Maserati, the Levante SUV was supposed to debut last year but is now scheduled to go on sale this summer. This delay was due to Maserati scrapping the Grand Cherokee platform and going with the Quattroporte/Ghibli platform for their first SUV. Source: Automotive News (Subscription Required), Road & Track View full article
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Alfa Romeo and Maserati are in a bit of a mess. Product launches for both brands have been pushed back again and again for various technical challenges. FCA has decided to bring back a former employee to help straighten out this mess. According to Automotive News, FCA has lured former Ferrari chief engineer Roberto Fedeli from BMW to become the chief technical officer for Alfa Romeo and Maserati. His new position will have him overseeing the r&d for the two brands. Fedeli spent 26 years at Ferrari in various roles before becoming the head of r&d for production cars in 2007. He is one the major players in the creation of the brand's hybrid supercar, the LaFerrari. Fedeli joined BMW back in 2014. Fedeli has his work cut out in trying to get Alfa Romeo and Maserati back on track. Supplier sources tell Automotive News that the most recent delay for the Giuila was due to the model failing to pass internal front, side, and rear crash tests. This resulted in an additional six months in development time to re-engineer the vehicle. A spokesperson from FCA told Road & Track the report is "not accurate or representative at all." The spokesperson went on to say that the Giulia is still on track to be launched in "late 2nd quarter 2016." We'll believe it when we see it. Over at Maserati, the Levante SUV was supposed to debut last year but is now scheduled to go on sale this summer. This delay was due to Maserati scrapping the Grand Cherokee platform and going with the Quattroporte/Ghibli platform for their first SUV. Source: Automotive News (Subscription Required), Road & Track -
Ferrari is now valued as a 10 Billion dollar company based on the IPO announcement today. http://money.cnn.com/2015/10/12/investing/ferrari-ipo-race/index.html You too can own a share of Ferrari purchasing their shares under the title of RACE. So will this help to fund FCA better?
