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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:

Ferrari supercar hybrid prototype chased down by fan

As discovered by Ferrari Chat and reported by Motor1, an Instagram user by the name Lambolife (@9000lambo) and a friend were out cruising in Europe when they ran across what looks like a Ferrari prototype, possibly a hybrid based on the F8 Tributo. The pair got the car on video as they were chasing it down the road and into a parking lot where the prototype driver tried to hide. Besides being amusing to watch the test driver trying desperately to keep the fans from seeing the car, we actually get a good glimpse at the vehicle. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Looking closely, the size and shape is very similar to the F8 Tributo, which is the latest evolution of the 488 GTB, and the 458 GTB before that. The shape of the rear spoiler and the edge of the front nose are particularly similar to the F8. But there are a couple differences, starting with the exhaust. On the regular car, the pipes are mounted low and set far apart. On this prototype, the pipes come out much higher up, and they're very close together. On top of that, you can just make out the triangular electrocution hazard sticker on one side of the car. This suggests it's a hybrid. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. A hybrid Ferrari similar to the F8 makes sense with other news we've heard recently. The company has confirmed it's working on hybrid drivetrains. Past reports say that one of them is a V6 hybrid with as much as 728 horsepower and 800 pound-feet of torque, and the other is a V8 hybrid with unknown performance, but most certainly greater than the V6. The first of the engines will be released in May, and since Ferrari's CEO said it will exceed the 812 Superfast, which makes 789 horsepower, that first engine will probably be the V8. This could be a prototype of Ferrari's soon-to-be-released V8 hybrid. It's also possible that this is simply a powertrain test mule, or a prototype for the V6 model coming later. At least we're half way through May, so we should have the answers to our questions very soon.

Ferrari California T has a turbo V8 lurking under new nose [w/video]

The Ferrari California might technically be the Prancing Horse's entry-level model, but there is nothing basic about the latest upgrade for the California T. Showing its face to the public for the first time at the Geneva Motor Show, it is now propelled by a 3.9-liter, turbocharged V8 with 560 horsepower and 557 pound-feet of torque, which equates to an extra 70 hp and a 49 percent increase in torque over the previous engine.
The forced induction mill is enough to accelerate it to 62 miles per hour in 3.6 seconds. Also not that many Ferrari buyers are going to care, but the switch also means a 15 percent improvement in fuel economy. Oh, and based on the video preview below, it sounds pretty good, too.
While the new engine is certainly the headline grabber, there are other upgrades as well: a top that closes in 14 seconds, new steering box, improved magnetic dampers and an upgraded traction control system. Pininfarina also reshaped the nose to make it more look like Ferraris of the 1960s. This is seems to be the best looking and performing California yet.