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2017 Ferrari Model Year Preview and Updates

Despite the stereotypes surrounding Ferrari and its owners, at least a few of these automotive thoroughbreds are still bought for driving. And in 2017 the driving has never been better. A V8-equipped GTC4Lusso T is a welcome addition, while the entry-level California T remains relatively accessible. FERRARI 488 GTB/GTS: Some forty years after introducing the now-iconic 308 GTB, Ferrari continues the 'Berlinetta' format with power supplied by a 3.9-liter twin-turbo V8. The GTS (Spider) shares the same drivetrain and architecture, but offers a power retractable hardtop that folds in 14 seconds. Both are unchanged for the 2017 model year. CALIFORNIA T: Ferrari's most accessible GT now offers a Handling Speciale package, which makes the California's handling more 'special', with stiffer springs and magnetic dampers reprogrammed for a more athletic dynamic. This mod also ups the decibels by three. It, too, is powered by a 3.9-liter V8, albeit in a lower state of tune than the 488. F12 BERLINETTA: You may have missed the F12tdf, as fewer than 800 examples were produced. The Tour de France commemorative offered an upgraded V12 in combination with a faster acting twin-clutch gearbox. The V12 remains naturally aspirated, and delivers – in either standard or tdf versions – over 700 horsepower. GTC4LUSSO: The family-friendly Ferrari boasts generous 2+2 seating. For 2017 there's a massaged V12 and new touchscreen. With all-wheel drive this is the all-season, all-climate Ferrari. GTC4LUSSO T: Take the GTC4LUSSO, pull out the V12/AWD drivetrain and substitute the same V8 as the California T, in combination with rear-wheel drive. The combo is lighter, tighter, less expensive, and brand new for 2017.

First Ferrari 458 Speciale A sells for $900k in Beverly Hills

The prospect of buying a new Ferrari convertible is by no means an affordable one, but prices can vary greatly. The California T, for example, sells for under $200k. The 458 Spider fetches over $250k. The new F60 America is said to have sold out at around ten times that much. But what about the 458 Speciale A?
We may have yet to receive official pricing, but one customer has paid a whopping $900,000 for the privilege of owning the very first one. Ferrari 458 Speciale A #1/499 was auctioned off at Beverly Hills City Hall on the occasion of Ferrari's 60th anniversary in America. The event, where the F60 America was also unveiled, was held in the presence of Fiat chairman John Elkann, Fiat CEO and Ferrari chairman Sergio Marchionne, Ferrari CEO Amedeo Felisa and vice-chairman Piero Ferrari.
Proceeds from the sale will benefit the American chapter of Daybreak, an Italian charity that has worked for the past 25 years to cure rare genetic diseases. The high bid tops that which recently won the first Dodge Challenger SRT Hellcat - another extreme eight-cylinder performance machine from Fiat Chrysler Automobiles - although the Challenger itself sells for far less than any Ferrari does.

Macron and Le Pen decry 'shocking' Stellantis CEO pay

PARIS — French President Emmanuel Macron and his far-right challenger in the French presidential vote, Marine Le Pen, on Friday both decried as “shocking” the multimillion euro payout to the CEO of carmaker Stellantis. Stellantis CEO Carlos TavaresÂ’ remuneration package of 19.15 million euros just a year after the company was formed became an issue as Macron and Le Pen campaigned ahead of the April 24 runoff vote. Polls show purchasing power and inflation are a top voter concern. Stellantis was formed last year through the merger of PSA Peugeot and Fiat Chrysler Automobiles. Centrist President Emmanuel Macron, perceived by many voters as being too pro-business, called the pay package “astronomical” and pushed for a Europe-wide effort to set ceilings on “abusive” executive pay. “ItÂ’s shocking, itÂ’s excessive,” he said Friday on broadcaster France-Info. “People canÂ’t have problems with purchasing power, difficulties, the anguish theyÂ’re living with, and see these sums. Otherwise, society will explode.” Far-right leader Marine Le Pen, who enjoys support from many working-class voters, called for bringing in more workers as shareholders. “Of course itÂ’s shocking, and itÂ’s even more shocking when it is the CEOs who have pushed their society into difficulty,” she said Friday on BFM television. “One of the ways to diminish this pay, which is often out of proportion with economic life, is perhaps to allow workers in as shareholders.” Stellantis continued to back the package despite a 52.1% to 47.9% vote rejecting it at an annual shareholders' meeting chaired from the Netherlands, where the company is legally based, on Wednesday. The company, citing Dutch civil code, noted that the vote is advisory and not binding. The company later said in a statement that it took note of the vote, and will explain in an upcoming 2022 remuneration report “how this vote has been taken into account.” In the 2021 report, the company identified peer group companies that it used as a salary benchmark, including U.S. companies like Boeing, Exxon Mobile, General Electric as well as carmakers Ford and General Motors. Stellantis, whose brands include Peugeot, Fiat, Jeep, Opel and Maserati, reported net profits last year had tripled to 13.4 billion euros ($15.2 billion). The French government is the third-largest shareholder in Stellantis, with a 6.15% stake through the Bpifrance Participations S.A. French public investment bank.