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Ferrari family won't sell stake in company

Ferrari may be splitting off from the Fiat Chrysler Automobiles group and launching its IPO independently, but those stocks it's going to float are coming out of Fiat's hands. The small portion still held by the Ferrari family looks destined to stay in their control for the time being. According to the latest report from Reuters, Enzo's son Piero says he has no intention of selling any of the 10 percent interest he and his family hold in the company founded by his late father. "I have never sold and I have no intention of doing so," said Piero, as quoted in the report. Piero Ferrari is the illegitimate son of Enzo Ferrari and his mistress Lina Lardi. His half-brother Dino died in his twenties from complications associated with muscular dystrophy, and in accordance with Italian custom, Piero was only acknowledged as Enzo's heir after the death of the father in 1988. Representing the family's holdings, Piero still acts as vice-chairman of the company but devotes his day-to-day to running aerospace manufacturer Piaggio Aero. News Source: ReutersImage Credit: Marco Vasini/AP Earnings/Financials Ferrari stock piero ferrari

Scuderia Corsa ready to recapture glory at Le Mans

There's nothing else in this world like endurance car racing. Be it a relatively short race like the 6 Hours of Nurburgring or 24-hour endeavors like Le Mans or Daytona, drivers and cars alike are put through long and grueling racing that either ends in triumph or heartbreak. At this year's Detroit Grand Prix, we had a chance to sit down with Scuderia Corsa drivers Alessandro Balzan and Christina Nielsen just hours before they left for France to participate in first practice for the 24 Hours of Le Mans. Scuderia Corsa competes in the IMSA WeatherTech Sportscar Championship team in the GT Daytona class. This is the second year Balzan and Nielsen have partnered, and the relationship has been fruitful. The pair won the class championship in 2016 and are currently sitting in second for 2017. Despite being in the sport longer, this will be Balzan's first attempt at Le Mans. The pair will be joined by American Bret Curtis in the race, usually racing against Balzan and Nielsen behind the wheel of a BMW. "There's a lot to prepare for with this race," Balzan said. "Christina raced there last year, so she's helping me prepare. It's not like any other race, even something like Daytona. There's a lot of preparation that goes into this race." Everything from food intake to sleep schedules has to be adjusted and set appropriately. There's 24 hours of on-track action bookended by pre-race prep and a post-race cool down. Your body and mind must adjust accordingly, and it's not as simple as drinking a few cups of coffee and munching on an energy bar. Scuderia Corsa is the defending class champion at Le Mans, though not with Nielsen behind the wheel. The team is backed by Ferrari and competes with 488 GT3s, a stripped out, lightweight, race-only version of the 488 GTB. The cars share a version the 3.9-liter turbocharged V8, but the rest of the car has been extensively modified, bearing little resemblance beyond styling. "The cars don't share much with the regular car," Balzan said. The interior is all removed and the suspension and aero are all different. It looks similar, but it's really changed. It drives like a totally different car." That's par for the course with GT cars. While they might share more in common with road cars than something like the Porsche 919 Hybrid prototype, the world of race cars and production cars are far removed. That said, Balzan and Nielsen both enjoy the road car correlation.

Museo Ferrari launches 'Michael 50' exhibit honoring Schumacher

Michael Schumacher turned 50 years old on Thursday, January 3, 2019. To celebrate the racing legend and to show appreciation for all he has done for the brand, Museo Ferrari opened an exhibition that explores his impact and accomplishments throughout his personal life and racing career. Named " Michael 50," the exhibit is now open in Maranello. This is the third showcase to open in recent months, following the announcement of "Driven by Enzo" and "Passion and Legend," which opened in September 2018 to honor the 120th anniversary of the founder of Ferrari. The Prancing Horse company calls Schumacher "The Most Successful Ferrarista in History," and the exhibition focuses on his many victories. The driver raced his way to seven world titles, 91 first-place finishes, and 155 podiums. Ferrari is displaying many of the cars Schumacher raced in, including the 1996 F310, the 1999 F399, the F1-2000, F2002, F2004, and the 2006 248 F1. In addition to race cars, the display also highlights some of the road cars that Schumacher worked on as a developer after he left Formula One. Using his knowledge and experience, he helped shape the dynamics of the 2007 430 Scuderia and the 2008 California. "Michael 50" was created with the help of the Keep Fighting Foundation, which recently launched an app that has a virtual museum and celebrates Michael and his legacy. According to a recent report, Schumacher is currently "in the very best of hands" and continues to battle back from his injuries. Ferrari did not give a specific time period for the exhibition, but mentioned it will be open for a "few months." Fans can buy tickets here.Related Video: