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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:

This $7-million Ferrari LaFerrari is the most expensive modern car ever sold at auction

The Ferrari LaFerrari is already one of the most extreme, high-performance, road-going cars ever built. And now, it's also the most expensive modern car ever sold at auction. Ferrari, along with RM Sotheby's and the National Italian American Foundation's Earthquake Relief Fund, officially sold the car as part of a charity auction benefiting the reconstruction efforts in central Italy. Total price? A whopping $7 million. Ferrari claims its extra LaFerrari – the company originally built this 500th example for its own collection – is the most expensive car from the 21st century ever sold at auction. As we mentioned in our original story from last week, all proceeds from the LaFerrari auction will benefit earthquake-ravaged central Italy. While the LaFerrari's lucky new owner can rest easy knowing their money went to a seriously good cause, they'll also get to enjoy a unique example of the final production LaFerrari. It's a simple tweak, but its Rosso Corsa paint body gets a white "dream line" on its hood and rear windshield, and the Italian tricolor on the nose. We like it, and we're guessing the citizens of central Italy will appreciate the money this special hypercar made for them. Related Video:

Ferrari's Enzo successor to cost 1M euros?

If you're planning to pick up the newest hypercar from Ferrari, you may need to do more than save your pennies. Automotive News Europe reports the Enzo successor will cost more than 1 million euros, or $1.34 million at current conversion rates. That's before taxes, too. All told, Ferrari will build just 499 examples of the tentatively named F150 according to reports. The Italian automaker has neither confirmed nor denied the price or production figures, though Fiat CEO Sergio Marchionne has said the machine is already sold out worldwide.
We do know the hybrid will serve up more than 900 horsepower thanks to a new naturally aspirated V12 direct-injection engine and an electric motor. The automaker says its HY-KERS hybrid system has cut fuel consumption by some 40 percent. Of course, adding an electric motor to the party has added some 330 pounds to the driveline, a fact Ferrari has offset by using carbon fiber for the machine's chassis. Word has it the F150 will have a curb weight similar to the Enzo at a shave over 3,000 pounds.