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Fiat Chrysler's Marchionne being treated in Zurich

ZURICH — Fiat Chrysler Chief Executive Sergio Marchionne was being treated in a Zurich hospital on Sunday with a serious illness after suffering complications following shoulder surgery. A Fiat Chrysler spokesman confirmed Marchionne was in Zurich's University Hospital, one of Switzerland's largest medical centers. The FCA spokesman did not give the 66-year-old Italian-Canadian executive's condition or say in which of the hospital's 43 divisions he was being treated. Italian news outlets said he has been in a coma since Friday, is breathing with the help of a ventilator, and that attempts to have him breath on his own were unsuccessful. Fiat Chrysler named its Jeep division boss Mike Manley on Saturday to take over immediately from Marchionne, who had been due to step down next April. SGS, the Swiss logistics services company, also announced on Sunday that it had named a new acting chairman to take over for Marchionne, since his illness prevented him from fulfilling the role's obligations. SGS said in a statement it was "deeply saddened" by the news, as did Lausanne, Switzerland-based Philip Morris International, where Marchionne is also on the board. Marchionne was credited with rescuing Fiat and Chrysler from bankruptcy after taking the Italian carmaker's wheel in 2004. On Saturday he was also replaced as chairman and CEO of Ferrari and chairman of tractor maker CNH Industrial — both spun off from FCA in recent years. In additional management changes linked to Marchionne's illness, Ferrari named FCA Chairman and Agnelli family scion John Elkann as new chairman and Louis Camilleri becomes chief executive. Reporting by John Miller in ZurichRelated Video: Image Credit: Reuters Chrysler Ferrari Fiat US

Ferrari Lusso ownership will add some time to your morning commute

If you've ever driven a vintage vehicle on a regular basis, you know the process from getting from point A to point B is a bit more convoluted than simply hopping in and going. There are rituals to observe, checklists to run through and processes to address before ever touching the ignition. Neglect any one of a number of small tasks and you're likely to find yourself on the side of the road. James Chen, the owner of Axis Wheels, knows all about that. You see, he owns a gorgeous Ferrari Lusso, and coaxing the V12 under the hood to life requires a certain amount of procedure.
Once it's rolling, of course, all that premeditation seems entirely worth the effort. Chen does his best to keep the machine out of traffic, but refuses to keep the coupe sealed away in a museum, so he gets up early and takes to the canyon roads around LA before anyone else is awake. Atta boy.
Check out the latest video from Petrolicious below.

Michael Schumacher’s championship 2002 Ferrari F2002 set for auction

RM Sotheby's November auction in Abu Dhabi might still be months away, but Formula 1 just gave racing fans a huge reason to get excited for the event now. F1 and Sotheby's announced 10 early entries for the auction, and the most special of the bunch is the 2002 Ferrari F2002, Michael Schumacher's championship-winning race car. Schumacher dominated the field throughout the 2002 F1 season by finishing first or second in every race. That season, he won in Australia, Brazil, San Marino, Spain, Austria, Canada, Great Britain, France, Germany, Belgium and Japan. Schumacher didn't use this exact car, chassis No. 219, for every race, but it is the vehicle he was driving when he won at the French Grand Prix, where he secured his fifth drivers' championship title (his teammate Rubens Barrichello took second but had about half as many points as Schumacher). Ferrari, having won all but two races that season, also took the constructors' championship that year. After its time in competitive racing, 219 was used as a test car for the remainder of the 2002 season before eventually retiring the next season. Since then, it has been owned by various private collectors. The F2002 was an absolute force of a machine. It used a 299.66-cc 90-degree V10 that made 823 horsepower at 17,800 rpm that paired with a fused titanium seven-speed gearbox. The car's structure was a honeycomb and carbon-fiber composite monocoque. Steering was mechanical power-assisted rack-and-pinion. It also had carbon-ceramic composite brakes and a suspension setup with independent push-rods, twin wishbones, torsion bar springs and telescopic shock absorbers. So how valuable is a car with this much history? Well, a 2013 Gooding & Company auction at Pebble Beach offered F2002 chassis No. 220, and it sold for $2,255,000. We expect this car to easily surpass that number. However much it sells for, RM Sotheby's says "a percentage of proceeds" will go to the Keep Fighting Foundation, which is inspired by Schumacher. Mark the date on your calendar: November 30, 2019.