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Ferrari Classiche returned this 275 GTB Competizione to million-dollar form

When this 275 GTB Competizione rolled into the hands of Ferrari Classiche, it was all out of sorts. Like so many of its brethren, it wore a red overcoat, but Giallo Fly yellow was its original color. The air intakes were mismatching lengths, the front suspension had an extra shock, certain areas of the bodywork were reshaped, and several other parts had been swapped throughout its adventurous life. With time and meticulous attention to detail, however, Classiche brought the GTB/C back up to Ferrari factory standards. Ferrari does not give an exact year of when it reattained chassis No. 09027, only saying it happened a few years after the car was sold at a 2004 Bonham's auction in Monte Carlo. Before that, it lived quite the tumultuous life. It left the factory on June 14, 1966, and four days later, it placed second in its class at the 24 Hours of Le Mans. Pierre Noblet and Claude Dubois drove the No. 57 car for the Francorchamps team and finished 10th overall. According to Ferrari, the racing team made numerous on-the-fly adjustments, including cooling aero and fog lights, to make it properly race-ready. It later won the Mont Ventoux hillclimb, but was damaged during the Marathon de la Route race at the Nurburgring. The car returned to Maranello, and Carrozzeria Scaglietti, who originally built the car, fixed it up before it was sold to amateur racer Patrick McNally in 1967. McNally, after changing the car to silver, wrecked at the 1,000 km of Montlhery. Again, it was fixed, this time by Maranello Concessionaires Ltd. in the UK, and was painted red. Ferrari says the car bounced from owner to owner before it was sold at Monte Carlo. In addition to the previously mentioned issues, the Ferrari faced unoriginal parts that included the oil recovery tank, front brake discs, petrol tank, exhaust system, wheels, tires, steering wheel, and much of the interior. For some reason, the identification plaque had even been changed, but the important original pieces were there: the chassis and the engine. Today, the car is back to tip-top shape and more valuable than ever. Back in 2015, a Barrett-Jackson auction saw a 1966 Ferrari GTB Competizione sell for $9.4 million. We have a feeling Ferrari will keep this one, though. See full photos in The Official Ferrari Magazine. News Source: The Official Ferrari Magazine Auto News Ferrari Automotive History Coupe Performance Classics

Ferrari to keep CEO Amedeo Felisa post spin-off

Ferrari is undergoing a big shakeup, and not just on the Formula One racing grid. It's just parted ways with its longtime chairman, is being spun off from the rest of the Fiat Chrysler Automobiles group and will soon launch its initial public offering on the stock market. But one thing it's not about to change at this point is its CEO. Speaking to journalists in Milan this past Friday, FCA chairman John Elkann said, "There will be no CEO change," indicating that the job of chief executive Amedeo Felisa is secure for at least a while longer. After two decades at Alfa Romeo, Felisa joined Ferrari back in 1990, was named general manager in 2006 and chief executive in 2008. In that capacity, he's always reported to company chairman Luca di Montezemolo, whose place was recently taken by Sergio Marchionne. It remains unclear, however, just how directly involved Marchionne will remain in the Prancing Horse marque, especially after the spin-off, and what that would mean for Felisa. In launching the IPO, Ferrari could institute a loyalty scheme that would award additional stake to the company's oldest and largest shareholders – which would only further entrench the holdings of the Agnelli family which Elkann heads and which stands to become the largest stakeholder in Ferrari after its separation from the rest of the group.

Ares Design turns the Ferrari GTC4Lusso into a 412 revival

Ares Design has a second project on the go for this year, after its beautiful Ares Design Coupe for the Bentley Mulsanne. The Modena, Italy, coachbuilder released renderings of its Project Pony — Ares gives "Project" codenames to cars in development — that turns a Ferrari GTC4Lusso into a modern 412. The conversion is the next in the firm's Reborn Legends group, coming after the reimagined Ferrari 250 GTO based on the 812 Superfast. This particular writer is ambivalent about the GTC4Lusso and a huge fan of the 412, so I think Project Pony an outstanding way to turn a shrug into "Buy with One-Click." For those unfamiliar, the 412 was a passionately unloved four-seat Ferrari from the 1980s, the last in a series of front-engined V12 grand tourers that began with the 1972 365 GT4 2+2. Named for the displacement of a single cylinder, the engines got larger and more advanced, through to the 412 that ended production in 1989. The 1985 model introduced the brand's first automatic transmission, a General Motors unit just as derided as the rest of the car, but which sold better than the manual. This was the era when Tom Selleck's Magnum P.I. made the 308 a must-have poster, when Don Johnson's Testarossa made every boy question the payroll policies of the Miami Police Department, when the 288 GTO showed what a car would look like if it were half "The Godfather" and half Sophia Loren, and the F40 generated gravitational waves. The 412, meanwhile, lived in a damp hut on marsala dregs and stale polenta. Ares Design retained the GTC4Lusso's side vents but without the strakes, the door handle, and taillight arrangement. Every other exterior line got redrawn. New carbon fiber body panels include pop-up headlights in front and transverse vents on the hood. The bread-van profile gives way to a sharply raked C-pillar that falls into a gently sloped trunk just long enough to balance the front end. The rear diffuser shoots up to mimic the original coupe. Chrome frames the side glass and B-pillar for an authentic '80s look, with the retro 412 wheels the finishing touch. The reupholstered 2+2 interior replaces the rounded forms on the instrument panel with squared-off angles, down to the square vents instead of the original round units. There's a round steering wheel, too, as opposed to the flat-bottomed GTC4Lusso wheel.