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Formula One approves aerodynamic rule changes to promote more passing

LONDON — Formula One has approved aerodynamic rule changes for 2019 aimed at promoting closer racing by making it easier for cars to overtake, the sport's governing body said on Tuesday. The measures include a simplified front wing with a larger span, front brake ducts without winglets and a wider and deeper rear wing. The International Automobile Federation (FIA) said its Formula One commission, Strategy Group and World Motor Sport Council had approved the changes. The changes should reduce turbulence for cars that are following each other, and come after criticism of the lack of overtaking in some races. The FIA said the vote, on the last day before unanimous agreement is required for any 2019 regulation changes, followed research carried out by a majority of the teams and backed by commercial rights holders Liberty Media. "These studies indicated the strong likelihood of a positive impact on racing and overtaking within F1 and as such have now been ratified for implementation in 2019," the statement added. "The approved changes are separate to the ongoing work being undertaken in regard to defining Formula One's regulations for 2021 and beyond." Motorsport.com suggested several teams, including Ferrari and Red Bull, had been opposed to the proposals but were outvoted. Formula One's current agreements with teams expire at the end of 2020 and all parties are discussing what kind of engine and rules should be introduced after that. Liberty want to level the playing field, reduce the costs and introduce a more equal distribution of the revenues. Only three of the 10 teams — Mercedes, Ferrari and Red Bull — have won races in the V6 turbo hybrid era that started in 2014, and Mercedes has so far won every championship. The FIA said it was continuing to evaluate a range of other measures to encourage closer racing. Reporting by Alan BaldwinRelated Video: Image Credit: Reuters Motorsports Ferrari Mercedes-Benz Technology Racing Vehicles F1 fia liberty media

'Sensual but also logical': Ferrari's Flavio Manzoni opines on design at London exhibit

Ferrari design boss Flavio Manzoni was in London this week for the opening of a five-month exhibition on the famous Italian brand, part of its 70th-anniversary celebrations, at the world-famous Design Museum. So Autoblog jumped at the chance to ask the man behind the La Ferrari, FXX, 488 GTB and more about his design approach and inspirations, and also what he thinks about designing a Ferrari SUV, or even an EV. Manzoni, 52, is pleasingly Italian in manner and accented English. Passionate and forthright, he has strong views on what makes good design in general and for Ferrari in particular. Having increased the importance of the brand's Styling Centre considerably since becoming head of design in 2010, the now 80-strong team increasingly creates new vehicles in-house (as opposed to using former independent design company Pininfarina). The first project Manzoni fully oversaw within Ferrari was the La Ferrari. He's a firm believer in form following function, "but not in a German way," he says with a smile, citing the side of the 488 GTB, which is shaped by the need to divert air in a certain way around the car and also to look fantastic. As he declares: "You'd never find lines on a Ferrari just for decoration. The scoop on the 488 GTB is sensual but also logical." As another example, he says that his "latest baby," the track-focused FXX K Evo, took a different path from the very engineering-focused Enzo of 2002, designed well before he joined the company. "We worked for eight months with the engineers on the FXX, to keep the functionality and make it beautiful." In Manzoni's job, it would be impossible not to respect Ferrari's incredible back catalog — he owns a Gandini-designed Ferrari 208 GT4, "still very beautiful, but iconic as well" — but he's no slave to the past. "Deja vu is something we don't like," he says with a slightly scolding look. "We don't agree with nostalgia or the need to create a family feeling throughout our range. But a Ferrari must be recognizable without the badge. There are different ways to do this — not just in details like the headlamps, but sometimes in how you treat the surfaces. It's tricky to explain, but it's a feeling." View 12 Photos He's also not keen on following industry trends and has historically spoken out against luxury SUVs. "Every time we work on a new Ferrari, we try to improve on every aspect — including the center of gravity — so an SUV is not a Ferrari," he stated as recently as 2015.

Ferrari IPO worth $1 billion to launch imminently

Or maybe not. Back in July, we reported that Ferrari's initial public offering could come any day, based on what FCA honcho Sergio Marchionne told reporters at an international economic forum. Marchionne himself ensured investors that the Maranello automaker was "days away" from filing the paperwork. That didn't happen. Now it's October, and the rumormill is churning about all things Ferrari IPO on the news that the company has filed amended IPO documents with the SEC on September 22. Like last time, the launch is apparently imminent – as early as today, reports CNBC – and sources are hearing an offer of $1 billion in stock, or roughly 10 percent of what FCA believes Ferrari to be worth. Back in July, Marchionne insisted that Ferrari was worth as much as $11 billion, despite experts at the time pointing out that this was much higher than even the company's internal assessment of the brand's value. Bloomberg is also reporting that demand for Ferrari stock may exceed supply by as much as 10 times, even before the IPO. Much of this value (as much as half) is derived from the brand as intellectual property, as opposed to its assets or profitability. Part of the brand value equation is Marchionne's attempt to reposition Ferrari as a "luxury" brand, as Business Insider notes – the word "luxury" is mentioned 151 times in the document. The broad universe of branded Ferrari goods, like luxury clothing and toys, are a strong illustration of Ferrari's power as a brand. For traditionalists and Ferrari fans jittery at the thought of their beloved manufacturer subject to the whims of shareholders, a few calming notes. Tech Times reports that the documents confirm that Ferrari will remain incorporated as an Italian company. More importantly, there's no indication at present that Ferrari's new emphasis on "luxury" will change their product plans, meaning ever-faster exotic cars will continue to roll out of Maranello for now.Related Video: