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Ferrari looking to become even more exclusive

While most automakers are clawing and scratching for every possible sale, it sounds like Ferrari is content in losing a few potential customers in the name of better exclusivity and higher profits. Autocar reports that Ferrari chairman Luca di Montezemolo recently stated that the Italian automaker hopes to sell fewer than 7,000 units globally in 2013 compared to last year's tally of 7,318.
As a part of this plan, Ferrari will be slowing its production lines and trying to create a balanced market for its cars in the US, the Middle East, Europe and China - the latter two being the automaker's biggest markets. Montezemolo also said that Ferrari would not be expanding its model lineup with SUVs, sedans or small cars.

Race Recap: 2014 British F1 Grand Prix readjusts the balance of power

Qualifying for the British Formula One Grand Prix was just as much a surprise for fans as it was for teams. Certain team weather radar displays didn't accurately pinpoint storm systems over the track, and in the case of at least two teams, the lack of data was compounded by poor decision making. That's how both Ferraris and both Williams got kicked out of qualifying in Q3 - the drivers already on track took advantage of a dry spell between rains, but Ferrari and Williams waited too long to get back out, and by the time they did it had started raining again.
Rain-induced bewilderment hit the front of the field as well. When all appeared resolved in Q3 but the clock hadn't yet run down to zero, drivers including Lewis Hamilton and Daniel Ricciardo pulled into the pits thinking the day was done. However, a drying last sector of the Silverstone circuit meant the drivers still out could suddenly improve their times by four seconds in just that sector. When the bell tolled, those who fought to the last were those who lined up first: Nico Rosberg in the first Mercedes AMG Petronas, Sebastian Vettel in the first Infiniti Red Bull Racing, Jenson Button in the McLaren, Nico Hülkenberg in the first Force India and Kevin Magnussen in the second McLaren.
Hamilton had fallen all the way to sixth on the grid, a mortifying blow to his race and his championship challenge. He was followed by Sergio Perez in the second Force India, Ricciardo in the second Infiniti Red Bull Racing, Toro Rosso teammates Daniil Kvyat and Jean-Eric Vergne completing the top ten.

Fiat gives outgoing Ferrari chairman $35M severance package

Luca di Montezemolo may not have wanted to leave Ferrari this way, but don't feel too bad for the departing chairman, because he'll be hitting the ground with a golden parachute so big that he'll never have to work again.
According to the latest reports, Fiat will pay Montezemolo 26.95 million euros (nearly $35 million) in severance pay. A little more than half of that will be paid in a lump sum of 13.71 million euros ($17.7M, equivalent to five times his annual salary) on January 31, 2015, with the rest to be paid within the next 20 years.
The payment is contingent on Montezemolo not going to work for a competitor, so don't expect to see him replacing Stephan Winkelmann at Lamborghini or Wolfgang Dürheimer at Bugatti any time soon. At least not until March 2017. Of course with that much cash on hand, the 67-year-old marquis need never work again, but considering how busy he's used to keeping himself, we'd be surprised if he didn't pop up again somewhere.