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Ferrari SUV is probably happening

Just a few weeks after another report that Ferrari has some sort of SUV or crossover in the works, Bloomberg releases its own report of the same thing. The news outlet spoke with anonymous sources that said the plan is to release an SUV in 2021. The sources said that it is still in the early days of development, and it could have either two or four doors, but it will be more spacious than the most capacious Ferrari on sale now, the GTC4 Lusso. It also will likely be aimed at the Asian market, and could sell as many as 2,000 units a year, which would make it easy for the company to continue increasing its sales, possibly past the 10,000-unit mark that exempts the company from some U.S. and European emissions regulations. The previous report from Car about the Ferrari utility went a little further in its predictions. Supposedly the utility will share the GTC4 Lusso's platform, which makes sense as it's the only all-wheel-drive platform in Ferrari's lineup. It will also likely have a V8 and possibly a hybrid variant. A hybrid version would fit in with Bloomberg's report that Ferrari is also planning on more hybrids in addition to the crossover for both more sales and to help meet emissions regulations if the company exceeds 10,000 units a year. Considering that Ferrari CEO Sergio Marchionne famously said he'd have to be shot before building a Ferrari SUV, it's a little surprising that Ferrari is headed this way. But if a company wants to expand sales, there's no easier way to do so than to offer some kind of crossover. Porsche learned that a long time ago, and now Lamborghini and Aston Martin are following suit. And if this Ferrari utility launches in 2021, it will be right about the same time that Marchionne plans to retire from Ferrari, so he'll sort of be able to keep his word. Related Video: Related Gallery Ferrari GTC4Lusso T: Paris 2016 View 17 Photos News Source: Bloomberg, CarImage Credit: Lorenzo Marcinno Ferrari Crossover SUV Future Vehicles Hybrid Luxury Performance

Ferrari 250 GTO could fetch as much as $75 million at auction

Last month we reported on a Ferrari 250 GTO heading for the auction block at Pebble Beach. We knew at the time it would break records and bring in tens of millions of dollars. But now that the gavel is about to drop, it looks like even our projections could fall short.
According to a report on Bloomberg, citing the classic car authorities at Hagerty Insurance, the GTO in question (pictured above) could fetch upwards of $60 million and as much as $75 million when the auction takes place two days from now in Monterey, CA.
Hagerty's reported estimate would not only blow the previous records out of the water, but would eclipse the pre-sale estimate attributed to Bonhams, the auction house handling its sale, which placed its value between $30 million and $40 million.

Ferrari confirms Vettel in, Alonso out

For the past several months, a big shift on the Formula One grid has been rumored for next season, but with a big piece of the puzzle now confirmed, much of the speculation can end. Ferrari has announced that it is parting company with Fernando Alonso and bringing in Sebastian Vettel to take his place. The move is a big one for both drivers – each multiple World Champions in their own right – who have lead their respective teams for half a decade now, Alonso coming second in the championship three times with Ferrari, and Vettel having scored four consecutive titles with Red Bull. Vettel has long been a personal protege of former Ferrari driver Michael Schumacher, having won his first grand prix in a Ferrari-powered Toro Rosso at Monza in 2008. Now confirmed by the Scuderia for a three-year deal, Vettel will be driving next season alongside Kimi Raikkonen, who won the title for Ferrari in 2007. That was the same year in which Alonso last drove for McLaren, the team for which he's all but confirmed to be driving next season. The announcement from Woking reportedly hinges on the team's decision over who will drive alongside him, between Jenson Button, Kevin Magnussen or another driver altogether. The confirmation from Ferrari does, however, put to rest wild rumors that the series would move to three-car teams and that Maranello would field Alonso as well as Vettel and Raikkonen. Welcome Sebastian – Vettel and Raikkonen 2015 driver pairing Maranello, 20 November 2014 – Scuderia Ferrari announces that it has reached an agreement of three years duration with Sebastian Vettel, who will drive for the team as from the 2015 season. The driver line-up next season will consist of Kimi Raikkonen and Sebastian Vettel. "Scuderia Ferrari has decided to put its faith in the youngest multiple champion in the history of Formula 1" – commented Scuderia Ferrari Team Principal, Marco Mattiacci. "In Formula 1 terms, Sebastian Vettel is a unique combination of youthfulness and experience and he brings with him that sense of team spirit which will prove invaluable when, together with Kimi, they tackle the challenges awaiting us, as we aim to be front runners again as soon as possible.