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Ferrari posts record profits on restricted volume

Most automakers are after one thing and one thing only: selling more cars. Because, after all, selling more cars means making more money. Right? Well that's usually the case, but Ferrari has taken a different approach. Rather than try and sell more cars, Ferrari intentionally sold fewer models in 2013, yet it made more money.
The move was implemented after 2012 emerged as the strongest year in the company's history. Instead of pushing to sell even more cars, it opted to maintain a level of exclusivity by selling fewer - 5.4 percent fewer than the year before, to be specific - thereby ensuring that those it did sell were worth more. As a result, in 2013, Ferrari logged record turnover, profits and finances: on 2.3-billion euros of revenue (up 5 percent from the previous year), Ferrari recorded 363.5 million euros in profit last year - that's roughly $500M USD.
Before you go jumping to conclusions, though, bear a few factors in mind. For one, Ferrari's stakeholders aren't pocketing all that cash - they're reinvesting it into the company: over the course of the same year, Ferrari invested some 337 million euros - 464 million dollars - in research and development. And while the company's extensive merchandizing efforts continue to bring in more cash, at 54 million euros ($74M) raised last year, the branding operation still doesn't account for a sixth of overall revenues. Still, it's little wonder that the experts at Brand Finance have named Ferrari the world's most powerful brand for the second year running.

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.

McLaren, Red Bull and Ferrari call for unfreezing F1 engines

Formula One is a hugely expensive sport. Not only do you have enormous salaries and logistical expenses, as you would in any other sport, but each team also spends huge sums developing their own chassis from the ground up – and so too do the participating automakers in developing the engines. One of the ways the series organizers mitigate those costs is by freezing development. So once the new crop of V6 turbo hybrid powertrains were developed, that was it. But now three of the of the sport's leading teams are calling on the FIA to unfreeze engine development. Their reason? Unfair advantage. There's little question that Mercedes did the best job of developing its "power unit" to meet the new regulations that took effect at the beginning of this past season. That's how the Mercedes team won all but three of the grands prix this season and finished with at least one car on the podium at every single race. It's also a big part of how the teams that bought their engines from Mercedes this season managed to consistently outperform the other non-works-supported teams. That clear advantage is why Red Bull, Ferrari and now McLaren are calling for engine development to be unfrozen. Their argument is that, under the current locked-down status quo, their engine suppliers (Renault, Ferrari and Honda, respectively) cannot possibly catch up. So unless the FIA and Formula One Management want the next few seasons to be the kind of absolute blow-outs that this past season was, these leading teams argue, the powers that be are going to have to make some changes. For its part, Mercedes naturally counters that unfreezing engine development would send costs spiraling out of control. But then of course it stands to lose the most by re-opening engine development. If those three teams, however, closely intertwined as they are with the three other engine suppliers participating in next year's championship, manage to solicit enough support from the other customer teams and bring the matter to a vote, Mercedes may very well find itself out-numbered. News Source: ESPNImage Credit: Patrick Baz/AFP/Getty Motorsports Ferrari McLaren Mercedes-Benz F1 engine