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Enzo Ferrari would have turned 120 yesterday

Former race driver-turned company founder Enzo Ferrari was born 120 years ago Sunday, and the Italian sports car maker is celebrating the anniversary with a photography exhibit of his life at the Enzo Ferrari Museum, on the site of his birthplace in Modena. The exhibit includes images of il Commendatore during various stages of his life, from childhood to his career as an Alfa Romeo race driver, then a manager and manufacturer. Ferrari died Aug. 14, 1988 at the age of 90. Born outside of Modena, Italy in 1898. His father, Alfredo, owned a small metal engineering shop that built bridges and roofs for the state railway. Enzo started out as an Alfa Romeo racing driver in 1924 but quickly transitioned to his true talent, preparing the race cars under the Scuderia Ferrari name. He ran Alfa Romeo's factory team before striking out on his own, first under the name Auto Avio Costruzioni in 1939, then as Scuderia Ferrari, which he founded in 1929 in Modena, fielding mostly Alfa racing cars and motorbikes. The 125 S was the first official car to bear his name in 1947, powered by a V12. Ferrari under his watch went on to produce other classics including the 288 GTO, the Dino series and the 365 Daytona. The iconic businessman reluctantly agreed to start producing street cars only thanks to the pleading of his accountants, who argued for the need for revenue to cover the overhead of racing and two different factories destroyed during World War II bombings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. According to a 1979 People Magazine profile, he once reacted indignantly to the distraught wife of a Ferrari race team driver who was anguished over her husband risking his life "for a hunk of iron." "It's not just a hunk of iron," Ferrari replied. "It has a heart and soul, and I give if life." Nowadays, Ferrari is looking to expand its product portfolio to hybrids and an SUV, the latter of which might've made Enzo squirm. "He was a man with extraordinary vision and ability to manage people and resources as well as a strong entrepreneurial spirit and exceptional courage," current Ferrari Chairman and CEO Sergio Marchionne said in a statement.

Sergio Marchionne confirms Ferrari LaFerrari Spider

Sergio Marchionne has been the CEO of Ferrari for about five minutes, and there's already big product news coming from Maranello. The LaFerrari hypercar will be sold as a convertible (or Spider, if you prefer). Marchionne confirmed the Spider during an interview with Automobile Magazine, which looks like it happened before today's CEO announcement. After being asked about the so-called LaFerrarina – which Automobile calls "a less extreme version of LaFerrari" – Marchionne said "the only future product connected to LaFerrari is the Spider," which was "no secret since potential customers have already been approached." While the company is hard at work on the LaFerrari Spider, Marchionne was less forthcoming on the long-rumored, V6-powered Dino. "Where should that Dino be positioned? How much should it cost? How would it relate to the next 488? What is the right balance between too many and not enough units?" Marchionne peppered. "We haven't found answers to these questions yet." Marchionne didn't go as far as saying when Ferrari would sell the LaFerrari Spider, but if the company is already reaching out to its exclusive clientele, a debut can't be far off. Perhaps 2017? That year is, after all, the 70th anniversary of the first Ferrari-badged car, 1947's 125 S. Related Video:

Watch how fans honored Michael Schumacher on his 45th birthday outside his hospital

Michael Schumacher remains in a medically induced coma six days after a skiing accident in the French Alps. While the racing legend spent his 45th birthday in the hospital, listed in stable but critical condition, racing fans from all over Europe descended upon the clinic in which he lies in Grenoble, France, to pay their respects.
The event was arranged by Ferrari, the manufacturer with which Schumacher is most often associated after winning 72 individual races for the Italian marque between 1996 and 2006. In total, Schumacher won 91 races, stood on the podium 155 times and won seven F1 Driver's Championships over the course of his illustrious 19-year career.
Schumacher's family was deeply touched by the outpouring of support and has issued a short statement thanking Ferrari fans for their "incredible sympathies." We've gathered a few videos together showing scenes of support from outside the hospital, and you can see them, along with the family's official statement, below.