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Raikkonen tests F1 Halo cockpit system

Kimi Raikkonen became the first driver to test the new halo closed cockpit concept during Formula 1 testing at Barcelona in Spain on Wednesday. The installation was fitted to his car for an installation lap in the morning and comes as the FIA works on introducing the design into F1 for 2017. Painted in black, the frame protected the head and featured a single column down the centre - which has been the solution that teams and the governing body have favoured. More to follow. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This article by Jonathan Noble originally appeared on Motorsport.com, the world's leader in auto racing news, photos and video.

Ferrari investors want assurance on goals, SUVs on eve of vehicle reveal

MILAN — Ferrari's new boss has his work cut out on Tuesday to convince investors that the supercar maker can hit mid-term targets he described last month as "aspirational." The company's share price slid more than 8 percent on Aug. 1 after Louis Camilleri said he saw "risks" ahead, with investors worrying he may have sought to lower expectations on the targets set by his predecessor, Sergio Marchionne. Former tobacco exec Camilleri was appointed Ferrari CEO in July, succeeding Marchionne, who died from complications following surgery. The sudden change jolted investors who had expected Marchionne to remain as CEO and chairman until 2021, having more than doubled Ferrari's value since taking it public in 2015 and pledged to double core earnings (EBITDA) to 2 billion euros ($2.3 billion) by 2022. It also left Camilleri to finish scripting a strategy to show how the company known for its racing pedigree and roaring combustion engines would shift toward making a sport utility vehicle (SUV) and hybrid cars while increasing shipments without sacrificing its exclusivity. "Investors want to hear whether Ferrari confirm the 2 billion euro figure, which was already seen as ambitious and now somewhat put in question by the new CEO," said Emanuele Vizzini, general manager at Milan-based investment fund Investitori Sgr. "And how they plan to expand the portfolio, including an SUV." 'Nurture what he's found' When Camilleri faces investors at Ferrari's Maranello headquarters on Tuesday he is not expected to stray far from his predecessor's script. Marchionne had orchestrated Ferrari's spinoff from parent Fiat Chrysler, positioned it as a luxury icon rather than a carmaker and managed to do what few thought possible: sail through a self-imposed cap of 7,000 cars a year without sacrificing pricing power or its exclusive appeal. "Ferrari is running almost on autopilot ... Camilleri should not take any risks at this stage but nurture what he's found," said Carlo Gentili, CEO at asset manager Nextam Partners. When Ferrari's share price hit a record high of 129.50 euros in June, the company that sold slightly fewer than 8,400 vehicles last year was worth about 24 billion euros. That is almost as much as Fiat Chrysler <FCHA.MI>, which shipped 4.7 million cars. With profit margins above 30 percent, strong pricing power and a healthy customer waiting list of more than a year, Camilleri inherits a business that is firing on all cylinders.

Former Ferrari boss takes over FIA Single-Seater Commission

After "stepping down" from his position as team principal at Scuderia Ferrari earlier this year, we knew that Stefano Domenicali would find ways to keep himself busy. We just didn't know with what, but now we have a bit of a clearer picture as the FIA named the longtime racing strategist the head of its Single-Seater Commission at its annual General Assembly, held this past week in Qatar. The FIA Single-Seater Commission, for those unfamiliar, is responsible for organizing and fostering the ladder of formula racing – right up to (but not including) Formula One. The presidency of the commission was previously held by Gerhard Berger, former F1 driver and Toro Rosso team principal, who was largely credited with the rebirth of the FIA Formula 3 European Championship and the founding of the FIA Formula 4 category. Before Berger the position was held by racing consultant Barry Bland, and serving alongside Domenicali as vice-president of the commission will be John Ryan of the UK's Motor Sports Association (MSA). In taking over the commission, Domenicali will be charged with further defining a clear progression for aspiring racers to graduate to increasingly more challenging forms of open-wheel racing. He recently served as well on the special Accident Panel that looked into the Jules Bianchi incident. In that regard he seems to be following a similar trajectory to his predecessor Jean Todt, who was elected president of the FIA shortly after leaving his long career at Ferrari. The FIA appointment, however, isn't the only thing Domenicali has been working on lately. He was also recently hired by Audi in an undisclosed capacity that is said to include evaluating prospects for the German automaker's potential future F1 program. FIA Annual General Assembly FRI 05.12.14 The FIA Annual General Assembly, held in Doha, Qatar, today (5 December 2014), marked the end of the annual meeting week attended by Sport and Mobility FIA Member Clubs from around the world and which culminates with the FIA Prize-Giving ceremony this evening. The FIA President, Jean Todt, along with Senate President Nick Craw and Deputy Presidents Brian Gibbons and Graham Stoker, welcomed the delegates to the meeting and, on behalf of the General Assembly, thanked hosts Nasser Khalifa Al Attiyah and the Qatar Motor and Motorcycle Federation (QMMF) for their warm hospitality and assistance.