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Ferrari family won't sell stake in company

Ferrari may be splitting off from the Fiat Chrysler Automobiles group and launching its IPO independently, but those stocks it's going to float are coming out of Fiat's hands. The small portion still held by the Ferrari family looks destined to stay in their control for the time being. According to the latest report from Reuters, Enzo's son Piero says he has no intention of selling any of the 10 percent interest he and his family hold in the company founded by his late father. "I have never sold and I have no intention of doing so," said Piero, as quoted in the report. Piero Ferrari is the illegitimate son of Enzo Ferrari and his mistress Lina Lardi. His half-brother Dino died in his twenties from complications associated with muscular dystrophy, and in accordance with Italian custom, Piero was only acknowledged as Enzo's heir after the death of the father in 1988. Representing the family's holdings, Piero still acts as vice-chairman of the company but devotes his day-to-day to running aerospace manufacturer Piaggio Aero. News Source: ReutersImage Credit: Marco Vasini/AP Earnings/Financials Ferrari stock piero ferrari

Scarbo Performance SVF1 First Drive Review | A hot-rodder's take on vintage F1

THERMAL, Calif. — Some turn their nose to the sky as soon as they hear the term, "replica." They only care for "originals," cars that are inevitably destined to collect dust in someone's impeccably clean garage, preserved for posterity, and never revved in anger or given the beans in fear of fouling up an "investment." Joe Scarbo thinks this "mere existence" is a boring one, that cars are meant to be driven hard – period. That's the outlook that spurned him to create the SVF1, an ass-kickin' track weapon so good, and so demanding, our body quit well before we wanted to hand back the keys. Once you realize what the Scarbo Performance SVF1 actually is, you'll get it. The open-wheeled, open-cockpit retro-racer is modeled after a 1967 Ferrari F312 Formula One car, and many, justifiably, consider its sultry, minimalist lines to be among the prettiest F1 designs. However, the guts under its beautifully hand-beaten aluminum exterior are more SoCal hot-rodder than devout Tifosi replica. Made even clearer that this track beast resides in the former is what powers it; a Red, White, and Blue-blooded GM-sourced, 430-horsepower LS1 V8. You can't get much more American than that. Our date with the SVF1 occurred at The Thermal Club near Palm Springs, an automotive oasis plopped squarely in the middle of an agricultural hub. The freshly finished facility is just a few hours outside of Los Angeles, but unlike the better-known Willow Springs, the track surface here is absolutely pristine, on top of which there was a fine mist of sand, a condition which kept both us and the SVF1 on our tiptoes. To provide the perfect soundtrack for our track adventure, Scarbo married the LS1's fly-by-wire throttle system with eight velocity stacks, providing an otherworldly induction yowl. This is punctuated by a guttural exhaust featuring an eight-into-one collector with a three-inch exit. Upon startup, the SVF1 is sends shivers through your body, and like chain lightning it propagates through the bodies of anyone within 60 feet. Grunt and stamina are required to shift the transaxle 5-speed manual transmission from a 986-generation Porsche Boxster mated up to the LS1. No flappy paddles or dual-clutches here. You get into the SVF1 by placing your feet onto the softly padded seat and sliding your butt in-between its fuel tank, which straddle your hips and posterior. Clip into the five-point harness and you're eyeball level with the truly massive Avon race-spec slicks.

Lewis Hamilton needs to step up in his 200th F1 race

LONDON — Lewis Hamilton will start the 200th grand prix of his Formula One career in Belgium this weekend, but the triple world champion has smaller but more significant numbers on his mind. Refreshed from an August break in the Caribbean, including a trip to Cuba in his role as UNICEF ambassador, the Mercedes driver is 14 points behind championship leader Sebastian Vettel as he revs up for the second half of the season. A fifth victory of 2017 for the Briton would put the pressure back on Ferrari's Vettel, and Hamilton can celebrate another milestone by bagging pole position on Saturday at the long and fast Spa-Francorchamps circuit. That would see Hamilton, who sportingly relinquished third place to team mate Valtteri Bottas in Hungary before the summer shutdown, match the record of 68 poles set by Michael Schumacher with Ferrari in 2006. Mercedes has won the last two Belgian Grands Prix, with now-retired 2016 world champion Nico Rosberg triumphant from pole last year after Hamilton won in 2015. Nobody will be taking anything for granted, however, after Ferrari's one-two win in Budapest at the end of July. "On paper, people will assume that Spa should suit our car because it is a circuit where aerodynamic efficiency is extremely important," Mercedes team boss Toto Wolff said. "But assumptions are dangerous — we have seen too many times already this season that the form book can be rewritten from one weekend to the next. So we will be making no assumptions." Hamilton has won twice before at Spa, as has Vettel, but the track — a classic blast from the past — has not been particularly kind to him. In 2008, when he won his first title, the Briton was demoted from first to third after the race for cutting a chicane, with then Ferrari rival Felipe Massa savoring victory instead. Spa can often be a lottery, with its capricious weather, and rain could be a boon for Red Bull's Belgian-born Dutch teenager Max Verstappen, who can count on plenty of local support in what amounts to a home race. "I just love the track and it'll be nice seeing so many orange (Dutch) fans in the grandstands," he said. "Spa is my favorite track of the year. You have to get everything right but when you get a good lap it's very rewarding." Belgium could also be good for Ferrari's Kimi Raikkonen, who arrives with a new contract for 2018 in his pocket.