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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.

The V10 from Schumacher's and Barrichello's Ferrari F2002 is for sale

Between November 22 and December 2, 2019, RM Sotheby's is holding an online-only auction of Formula 1 memorabilia. It heavily focuses on the early '80s, early '90s, and early '00s and includes a wide variety of items from toy models to race-used car parts. One of the key drivers during this period was Michael Schumacher, and the number of related collectibles reflects that. One of the golden eggs of the auction is a Ferrari F2002 Tipo 051/B/C V10 Engine from 2002.  The Ferrari F2002 is a legendary racecar with a stellar record on the track. In 2002, with Michael Schumacher and Rubens Barrichello driving, the F2002 won 15 of 17 races, including nine one-two finishes. Ferrari and Schumacher claimed the Constructors’ Title and Driver's Championship with ease, and the force behind those victories was the Tipo 051/B/C V10.  The Paolo Martinelli-designed engine is a naturally aspirated 3.0-liter that is rated at 835 horsepower at a mind-bending 17,800 rpm. Sotheby's points out the engine was not as high-powered as some of its competitors, but the lightweight design and placement allowed the car to flourish. As of this writing on the auction's opening day, the top bid is at $2,000, but Sotheby's is expecting it to bring $50,000 to $70,000. Interestingly enough, that's well below Ferrari's $90,000 direct price. Yes, Ferrari is offering this engine, too, and it's available for pre-order. So that leaves a decision: save money and go through a third party or buy straight from the source. 

Watch Edo Competition pit a Ferrari FXX against a Maserati MC12 Corsa on the 'Ring

High-zoot supercar tour organizer Gran Turismo Events held its annual Nürburgring track day last month, and in addition to the amateur punters the gates were opened to two tuned supercars from Edo Competition: A Maserati MC12 Corsa and a Ferrari Enzo ZXX. The ZXX, in case you've forgotten, is the same love child of Edo Competition and Zahir Rana's ZR Exotics that belly flopped into the Atlantic during the 2011 Targa Newfoundland.
We get a trip around the Nordschleife with both cars during a no-doubt quick but not insane lap, on board with driver Patrick Simon in the 755-horsepower MC12 and 'Ring queen Sabine Schmitz following in the 840-hp ZXX.
That should be all the build-up you need when the action's in the video below.