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Ferrari to launch new model every year, keep production limited

You've no doubt perused the big news coming out of Fiat-Chrysler's headquarters in Auburn Hills, MI today. But at the end of the brand discussions, Sergio Marchionne spoke briefly about an incredibly important, low-volume part of the Fiat-Chrysler empire: Ferrari.
"You do need one of these cars in your driveway," Marchionne joked. And while other brand heads today lined out detailed plans for future product, Sergio's words about Ferrari's next five years were very simple, and very vague.
Marchionne confirmed that Ferrari will launch a new car every year between now and 2018. The cars will have a four-year lifecycle, after which, "M" versions will be produced, with a separate four-year cadence. No specific models were mentioned during Marchionne's presentation.

Mick Schumacher in F1 Ferrari test scores second-fastest lap at Bahrain

MANAMA, Bahrain — Mick Schumacher, son of seven-times world champion Michael, made his Formula One test debut for Ferrari in Bahrain on Tuesday and lapped second fastest behind Red Bull's Max Verstappen. On a surprisingly wet day at the same track where his father won the first grand prix in the Middle East with Ferrari 15 years ago, Schumacher was 0.597 seconds slower than the 21-year-old Dutchman. His time of 1 minute 29.976 seconds was set on the softest, and fastest, C5 tires — softer than anyone else's — and he completed 56 laps on a day where track time was limited by bad weather washing out much of the middle of the day. "I really enjoyed today. It felt like home in the garage from the very first moment with a lot of people that know me since I was very young," he said. The 20-year-old German, who made his Formula Two debut at the Sakhir circuit over the weekend and finished eighth and sixth in the two races, had been top with five minutes remaining before Verstappen went faster. It was still the first time since 2012 that a Schumacher had led an official Formula One time chart. "The SF90 is incredible because of the power it has, but it is also smooth to drive, and that's why I enjoyed myself so much," said Schumacher. "I was impressed by the braking power an F1 car has. It seemed to me you could brake later and later and the car would have made the turn anyway." The reigning European F3 champion will also test with the Ferrari-powered Alfa Romeo team (formerly Sauber) on Wednesday. Tuesday's test was Mick's first experience of a modern F1 car, although he did drive his father's 1994 title-winning Benetton at the Spa-Francorchamps circuit before the 2017 Belgian Grand Prix. Michael Schumacher, who still holds the record of 91 grand prix wins, won five of his titles with Ferrari in a golden period from 2000 to 2004. He last raced for the team in 2006 before a comeback with Mercedes from 2010-12 and has not been seen in public since he suffered severe head injuries in a skiing accident in the French Alps in December 2013. Mick, who joined the Ferrari academy in January, was the only debutant on track in a rain-hit session that followed Sunday's second grand prix of the season. Lewis Hamilton, Sunday's race winner for Mercedes after Ferrari's Charles Leclerc suffered a late engine problem, was sixth fastest.

UK collector pays $800k for license plate '25 O'

You can't get a vanity license plate in the UK, but Brits have proven their willingness time and time again to part with huge amounts of cash in order to get a particularly desirable number to put on the front and back of their high-priced machinery. This time, a Ferrari collector paid over $800,000 for the license plate "25 O." The princely sum of GBP518,000 – equivalent to over $814k at today's rates – was paid by John Collins, owner of classic car broker Talacrest. Collins reportedly intends to put it on his Ferrari 250 GT SWB. What's more is that he had just paid another GBP130,320 ($205k) for the license plate "250 L" that he plans to put on his 1964 Ferrari 250 GT Lusso, the long-wheelbase touring version of the same vehicle. The winning bids were placed at an auction held by the UK's Driver and Vehicle Licensing Agency – the 150th such auction held by the government office, marking its 25th anniversary. The "25 O" plate broke the event's previous record of GBP357,000 ($560k), paid in March 2009 for plate number "1 D." In 2008 noted tuner Afzal Kahn bought the license plate "F1" for GBP440,000, which is less than what Collins paid for "25 O" but different exchange rates worked that out to $870k at the time. Kahn was said to have turned down a $9 million offer for that plate last year. DVLA PERSONALISED REGISTRATIONS SETS A NEW BRITISH RECORD AS 25 O SELLS FOR GBP500,000 DVLA Personalised Registrations has set a new British record for a personalised registration sold by the Agency after 25 O was bought for more than GBP500,000. Incredibly, John Collins, who, as owner of Talacrest, is regarded as one of the world's leading collectors and dealers of classic Ferraris, bought 25 O for GBP518,000 less than three hours after successfully buying 250 L for a staggering GBP130,320. Both sums include fees and take the total amount paid by the businessman to GBP648,320. Both are among the 1,600 registrations being auctioned by the Agency as part of its 25th Anniversary three-day auction – and also 150th live sale – currently being held at The Vale Resort near Cardiff. Both registrations will be placed on two of the world's most exclusive cars; 250 L will head onto a rare 1964 Ferrari Lusso, while 25 O will sit on the Ferrari 250 SWB once owned by the rock singer Eric Clapton.