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Ferrari families have 'agreement' to prevent takeover

With its initial public offering already a massive success, Ferrari is now officially a publicly traded company on the New York Stock Exchange. While anyone can buy those shares, don't expect investors to take control away from some of the top owners of the Prancing Horse anytime soon. To maintain their power, Enzo Ferrari's son, Piero, and Exor chairman John Elkann will sign a deal guaranteeing themselves nearly half of the automaker's voting rights, Bloomberg reports. As part of this arrangement, shareholders that agree to hang onto Ferrari stock for at least three years would receive additional voting rights in the company, and that would give Piero and Elkann a combined 48.7 percent of the automaker by banding together. While not quite complete control, the move should be enough to prevent a takeover of the business. "We have an agreement among the families to protect our interests in Ferrari," Piero said to Bloomberg. This agreement won't really become a concern until next year because only 10 percent of Ferrari will be traded for now. FCA will distribute another 80 percent to its shareholders in early 2016, and Elkann's Exor will be getting the largest portion of the Prancing Horse in the spin-off. Meanwhile, Piero holds the remaining 10 percent but has absolutely no intention to sell his stake in his father's business. The newly public Ferrari will push to grow volume with a goal of moving 9,000 vehicles annually by 2019. To reach that 30-percent boost, expect to see a new model every year, and some of them might use a new, modular platform that's reportedly under development. Related Video:

Giancarlo Fisichella joins fellow former F1 drivers in United SportsCar Championship

In business or in politics, those driven by their careers typically aim for the highest position they can get to, and after they're done there, they typically retire. But not in motor racing. With an expiration date hovering in their mid-30s at best, Formula One drivers typically seek out other racing series to compete in once they've outlived their career on the grand prix circuit. And there is no lack of racing disciplines that are glad to welcome them in with open arms as motor racing royalty. With the calendar announced and the teams lined up, the roster of drivers is taking shape for the inaugural United SportsCar Championship. And while there hasn't been a large number of former F1 drivers – much less grand prix winners – lining up for the series, there have been some. Risi Competizione, the team that typically fields Ferrari entrants in American GT racing, has just announced that Giancarlo Fisichella will be driving for them in the United SportsCar Championship this season. The veteran of 231 grands prix has driven for Minardi, Jordan, Benetton, Sauber, Renault, Force India and Ferrari. In the case of the latter, he filled in for an injured Felipe Massa, and remains a Ferrari factory driver. Over the course of his fourteen years on the grid, he won three grands prix and landed on the podium 19 times. That makes Fisichella, who just turned 41 on Tuesday, the most accomplished former F1 driver to sign on for the American series, but he's not the only one. Other drivers already lined up include David Brabham, Max Papis and Christian Fittipaldi – each of whom contested a handful of grands prix in the 1990s – as well as Sebastian Bourdais, who drove for Scuderia Toro Rosso after dominating in Champ Cars for four years and left F1 in 2009 along with Fisichella, who currently looks to be the only driver lined up for this year's Rolex 24 at Daytona who's won a grand prix or even scored a podium finish. While Brabham, Papis, Fittipaldi and Bourdais will all be driving in the top-tier Prototype class, Fisichella will be trying to make his mark in the GTLM class. We'll be watching to see whether he can add that trophy to the class titles he's already accrued in the Le Mans Series, the World Endurance Championship and the 24 Hours of Le Mans itself in the five years since leaving F1.

Ferrari recalling 85 LaFerraris under two separate campaigns [UPDATE]

Of the recalls we see on a regular basis, million-dollar exotic supercars don't often pop up. But that's exactly what we have on our hands today as Ferrari North America and the National Highway Traffic Safety Administration have issued a pair of recalls for all 85 examples of the flagship LaFerrari hybrid hypercar in the United States. The first of the recall campaigns revolves around the headrests, which "may not absorb the required amount of energy" and therefore fail to comply with the federal safety requirements. The issue involves the larger L32 seat supplied by Lear, fitted as standard for the passenger and optional for the driver's seat. Addressing the issue will require dealers to replace the headrests. The second recall involves the Tire Pressure Monitoring System, which – in the event of a puncture – will display the wrong message. Instead of telling the driver not to proceed on the punctured tire, as apparently required under federal regulations, the system would (as currently programmed) tell the driver to keep driving, but not above 50 miles per hour. Ferrari dealers will need to update the software to fix the problem. These recalls do not represent the first time Ferrari has called in the hybrid hypercar over a potential safety issue. This past March, owners were offered the opportunity to have the fuel tanks replaced. However, unlike these latest campaigns that are being handled in coordination with the NHTSA, Ferrari insisted that the previous fuel tank issue did not constitute a recall. UPDATE: Ferrari North America confirms that no accidents or injuries have been reported to have resulted from either of these issues, which will be addressed in other markets as well - including Canada, where a further 11 units are affected. In order to fix the seat issue, "a small insert will be added to the back of the (large size only) seat headrest." Rectifying both issues "will take approximately an hour of service." Related Video: RECALL Subject : Headrest Impact Energy Absorbtion/FMVSS 202a Report Receipt Date: MAY 22, 2015 NHTSA Campaign Number: 15V305000 Component(s): SEATS Potential Number of Units Affected: 85 Manufacturer: Ferrari North America, Inc. SUMMARY: Ferrari North America, Inc. (FNA) is recalling certain model year 2014-2015 LaFerrari vehicles manufactured May 15, 2014, to March 4, 2015. The affected vehicles have L32 seats as standard equipment for the passenger seat and as optional equipment for the driver seat.