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Montezemolo steps down, Marchionne steps up as chairman of Ferrari

If the history of an automaker is divided up by the mandate of its leadership, then this is surely the end of an era for Ferrari. After repeatedly locking horns with Fiat Chrysler CEO Sergio Marchionne over a variety of issues, longtime Ferrari chairman Luca di Montezemolo has announced his resignation.
Montezemolo has a long history with both Fiat and Ferrari. He started his career at the former before moving over to the latter in 1973 (only a few years Fiat took over half of Ferrari), starting out as Enzo Ferrari's assistant. He was appointed head of the Scuderia the following year, driving the team to success and subsequently taking over all of the Fiat group's racing activities. After the Prancing Horse marque struggled in the wake of its founder's death in 1988, Montezemolo was appointed to take it over in '91 and has been at the helm ever since.
Following Fiat chairman Gianni Agnelli's passing in 2003, both Montezemolo and Marchionne were named to the Fiat board. A year later, after the passing of Gianni's younger brother Umberto, Montezemolo was named chairman of the Fiat Group (to be succeeded six years later by Agnelli heir John Elkann) and Marchionne its chief executive.

Daytona decision reversed, Level 5 Motorsports reinstated as class winners [w/video]

After its first ever race at the Rolex 24 at Daytona, we can already tell that there should be plenty of excitement in the newly formed United SportsCar Racing series. Of the four competing classes, three of the winners came down to close last-lap performances, but perhaps none were as close - or controversial - as the GT Daytona (GTD) winner. Spoiler alert.
Midway through the infield portion of the Daytona International Speedway, the Level 5 Motorsports No. 555 Ferrari 458 Italia was trying to hold onto its first-place position over the Flying Lizard Motorsports No. 45 Audi R8. The R8 took an aggressive line trying to pass the Ferrari, and it ended up running out of track and driving off the course momentarily. International Motor Sports Association (IMSA) officials originally thought there was avoidable contact on the Ferrari's part and penalized the team accordingly, which meant Flying Lizard was the class winner. After watching the video replay, though, it was clear that there was no contact between the two cars. Officials overturned the ruling, rightfully giving the Level 5 Motorsports team the Rolex win.
A brief statement from IMSA is posted below regarding the matter, and we've also included a full video recap of the race from FOX Sports where you can see this GTD incident starting at the 2:30 mark.

Race Recap: 2014 24 Hours of Le Mans defines 'endurance'

Commenting on the rush of events that rocked beginning and end of the 24 Hours of Le Mans, Paul Truswell of Radio Le Mans said "the race is about the ability to endure, not just the ability of drivers to do what they do for a long time." The entire race machine, all the way down to the pit boards and radios, has to survive the stress and abuse of the entire day. This was the race to prove those words.
There were two Toyotas, two Porsches and three Audis, five of the seven led the race at some point, six of the seven ran in the top three. Toyota will be hugely disappointed that it didn't win when its car and drivers were so, so strong, but they gave Audi the kind of scare we haven't seen since the best of Peugeot's days, and Toyota did a better job of it even in the loss. Porsche blew away everyone's expectations, falling 3.5 hours short of a fairy tale ending that would have made Disney cry.
But Le Mans doesn't really do fairy tales. Well, not that fairy tale. Audi's Twitter handle during the event was #welcomechallenges. As usual, Le Mans answered for the entire field.