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As the iconic Ferrari F40 turns 30, a look back at its development

July 21, 2017 marks the 30th anniversary, to the day, of the Ferrari F40's debut. The F40 is easily one of the greatest Ferraris ever produced: It was one of the first road cars to have a top speed of 200 mph, it celebrated the company's 40th anniversary, and it was the very last model that founder Enzo Ferrari was able to see to completion. To celebrate this historic car's anniversary, Ferrari collected some anecdotes from people who worked on the F40 project, and they reveal some interesting details about the car's development. Among these details was the timeframe for creating the car. Ermanno Bonfiglioli, Head of Special Projects at Ferrari at the time, said that the car was developed in just 13 months. That means everything from the styling to the engine were taken from an idea to a production car in barely over a year. The engine wasn't quite a from-scratch design, though, since it was based on the unreleased 288 GTO Evoluzione's 650-horsepower engine, but it still received many updates to become the 487-horsepower engine we know today. Bonfiglioli highlighted the engine's weight savings due to using magnesium for the oil sump, cylinder head covers, intake manifold, and transmission bellhousing. It was after driving one of those 288 GTO Evoluziones that Pininfarina designer Leonardo Fiorvanti learned about Enzo Ferrari's plan for the F40. He said that after telling Enzo his thoughts on the 288, Enzo told him he wanted to make a "true Ferrari." Fiorvanti also revealed that everyone, including Enzo, knew this would be the last car for the founder. From what Ferrari test driver Bario Benuzzi said about the F40, it certainly didn't start out as a "true Ferrari." He said, "The handling of the first prototypes were poor." But in the short development time, the F40 became the car Enzo wanted, and Benuzzi credits plenty of downforce and the light, stiff chassis. It didn't make the car easy to drive, though. Benuzzi said, "With no power steering, power brakes or electronic devices, it demands the skill and commitment of the driver, but generously repays it with a unique driving experience." Related Video: Featured Gallery Ferrari F40 Ferrari Coupe Supercars Classics ferrari f40

Mike Manley named CEO of FCA amid Sergio Marchionne health crisis

Mike Manley has been immediately granted "all the powers of CEO" of Fiat Chrysler Automobiles. In a statement, FCA said its Board of Directors made this decision "in order to provide for his full authority and operational continuity for the company." Manley, who has been at the helm of Jeep since 2009 and Ram since 2015, is expected to be named an executive director for FCA after the next shareholder's meeting. In a similar statement, Ferrari said it had "named John Elkann as Chairman and will propose to Shareholders, at a meeting to be called in the coming days, that Louis C. Camilleri be named as CEO." CNH Industrial, a company that makes trucks, agricultural, and industrial equipment and which Marchionne also chairs, named Suzanna Heywood, as his replacement. Sergio Marchionne, who had served as CEO of both FCA and Ferrari, suffered "unexpected complications" as he was recovering from surgery performed earlier this month. FCA's statement adds that these complications "have worsened significantly in recent hours." Marchionne, credited with rescuing Fiat and Chrysler from bankruptcy since taking the wheel at the Italian carmaker in 2004, had been due to step down as the head of Fiat Chrysler next April. His internal successor had yet to be named. Marchionne had previously said he planned to stay on as Ferrari Chairman and CEO until 2021.Reuters contributed to this report.Related Video: Image Credit: Mark Thompson/Getty Hirings/Firings/Layoffs Chrysler Ferrari Fiat Sergio Marchionne

Steve McQueen's Ferrari 275 GTB/4 To Be Auctioned In Monterey

We know from many, many years of watching classic car auctions, that there are certain qualities that ensure big money. For example, putting tiny silver horses and/or yellow badges on a red car will probably bring in a lot of cash. This is doubly true if said car hails from the 1950s or 1960s, and it's triply true if some dude drove it around in circles or if a celebrity owned it. That, friends, is how you make the serious dosh at auction. Considering that, we should expect big, big things when this 1967 Ferrari 275 GTB/4 crosses the block at the big RM Auctions event during the festivities surrounding the 2014 Pebble Beach Concours d'Elegance. Terrence Steven McQueen, better known as Steve McQueen and even better known as the coolest actor of the 1960s and 1970s, originally purchased this car while filming Bullitt in San Francisco, which should provide a big boost to its sale price. As previously reported, this car has undergone a full restoration and has received its certification from the team at Ferrari Classiche. Beyond that, though, we're kind of in the dark about this beauty. We don't even have a rough guess of how much it'll go for. That's where you come in. Considering that the price of classic Ferraris is increasing with all the regularity of Old Faithful, how much do you think McQueen's 275 will call for when it hits the stage in August? Head into Comments and let us know.