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Ferrari IPO may turn out to be good news for enthusiasts

Sergio Marchionne's strategy to spin off Ferrari from FCA and make the Italian automaker a publicly traded company has been met with ire from a vocal contingent of enthusiasts ever since rumors about the plan began to surface a few years ago. Some of these particularly pessimistic automotive pundits have voiced fears that with stockholders in the mix, it would not only spell the demise of the exclusive Italian supercar maker as we know it, but would in fact "ruin" the company. Call me dense, but I fail to see what the issue is. That isn't to say that I don't understand what's causing the fear. When profitability becomes a higher priority for a brand that's historically relied on exclusivity to keep its products in the highest echelons of desirability, there's a high potential for internal philosophical conflict. And then there are concerns about the sorts of products that Ferrari might develop that aren't the high-performance sports cars that the brand is known for. But individuals with those apprehensions seem to forget that Ferrari has already lent its name to a multitude of things that are not LaFerraris, 488 GTBs, or F12 Berlinettas, including clothing, headphones, and even laptops. But let's assume for a moment that the core anxiety is about future vehicles – including the unspeakable notion that Ferrari might develop an SUV. Why wouldn't Ferrari build an SUV, especially after seeing how incredibly successful that endeavor has been for Porsche? I think it's likely that Ferrari will put engineers to task creating some sort of crossover or high-rolling cruiser with room for the whole family at some point in the near future. And why wouldn't it, after seeing how incredibly successful that endeavor has been for Porsche? After all, the Cayenne accounted for more US sales in 2013 than the Boxster, Cayman, 911, and 918 combined, and it only gave up about a thousand units of sales last year to make room for the Macan crossover, the latter of which Porsche sold nearly as many of as it did Boxsters and Caymans. People want these vehicles, and they're willing to pay quite a bit of money for them. If we use Porsche's recent trajectory as a foreshadowing metric for what's in store for Ferrari, the future actually looks pretty good. After all, those SUV sales keep plenty of cash in Porsche's coffers for the low-volume projects that we enthusiasts love, like the 918 Spyder and the 911 GT3 RS.

Ferrari fined 50,000 euros after Kimi Raikkonen runs over mechanic

MANAMA, Bahrain — Ferrari was fined 50,000 euros ($61,385) on Sunday after one of its Formula One mechanics was hit by Kimi Raikkonen's car and suffered a broken leg during a Bahrain Grand Prix pitstop. Raikkonen, who had been in third place, was told to stop immediately and retired in the pitlane while teammate Sebastian Vettel went on to win. At an IndyCar race in Phoenix over the weekend, meanwhile, Alexander Rossi and Sebastien Bourdais both also were penalized when they made contact with their mechanics. Ferrari said the mechanic on the left rear wheel, named only as Francesco, had been taken to hospital with a suspected shin bone and fibula fracture. He was knocked over as the Finn was wrongly given the signal to leave with only three tires replaced and the other still to be removed. "I go when the light is green. I don't see what happens behind and unfortunately he got hurt," said Raikkonen, the 2007 world champion. "My job is to go when the light says so. Hopefully, he's OK." The Finn was left sitting in his car for a while before stepping out while the mechanics focused on their stricken team mate on the floor. Ferrari chairman Sergio Marchionne wished the mechanic a speedy recovery in his post-race statement. "I am sorry for Kimi who could certainly have finished on the podium," he added. It was the second time Ferrari had been penalized for an unsafe release over the Bahrain Grand Prix weekend. It was fined 5,000 euros after Raikkonen was sent out of the pits with a loose wheel in Friday practice. Race stewards said that in Sunday's incident the car was released "in a manner endangering team personnel and causing injury." Reporting by Alan BaldwinRelated Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Image Credit: Getty Motorsports Ferrari Racing Vehicles F1 Kimi Raikkonen sebastien bourdais

Ferrari names new F1 car F138

Don't call it the F150. Ferrari has officially announced it will name its newest Formula One car the F138. The machine is the 59th car Ferrari has built to compete in F1, and it's also the last of the company's F1 efforts to rely on a high-strung V8 for propulsion. F1 rules have changed for next year, forcing competitors to use smaller cylinder counts to get around the track. Ferrari has already said it will use a 1.6-liter turbocharged V6 to do its dirty work. That moves brings an end to the eight-year reign the V8 enjoyed.
Ferrari isn't saying much more about the 2013 car, and the only image we have to go on at the moment is the logo you see above. Stay tuned for more information, and in the interim, be sure to check out the painfully brief press release below.