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For his last act, Marchionne will outline an EV/hybrid roadmap this week

MILAN/LONDON — Fiat Chrysler (FCA) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world's seventh-largest carmaker remains in the race in the absence of a merger. The 65-year-old will present FCA's strategy to 2022, his final contribution to the company he turned around and multiplied in value through 14 years of canny dealmaking. After failing to secure a tie-up he said was necessary to manage the costs of producing cleaner vehicles, Marchionne needs to show the group can keep churning out profits on its own, even as emissions rules tighten, SUV competition intensifies and worries around his succession abound. Marchionne had long refused to jump on the electrification bandwagon, saying he would only do so if selling battery-powered cars could be done at a profit. He even urged customers not to buy FCA's Fiat 500e, its only battery-powered model, because he was losing money on each sold. But Tesla's success and the need to comply with tougher emissions rules have forced Marchionne to commit to what he calls "most painful" spending. "FCA is way behind rivals in terms of hybrid and electric vehicles and they need to hit the accelerator to convince investors they can close that gap," said Andrea Pastorelli, a fund manager at 8a+ Investimenti. Germany's Volkswagen, Daimler, BMW and U.S. rivals GM and Ford have committed to spending billions of euros each in coming years to try produce profitable cars powered by cleaner fuels. FCA needs to present a clear roadmap, just like Volvo Cars, which ditched diesel from its best-selling XC60 SUV, launched a new electric brand and pledged to shift all brands to hybrid by 2019, a banking source close to FCA said, noting: "The tech divide determines winners and losers in the industry." Marchionne has already said half of the wider FCA fleet will incorporate some elements of electrification by 2022, while luxury marque Maserati will spearhead FCA's electrification drive by making all new models due after 2019 electric. But its plans remain vaguer and less advanced than most big rivals and some investors wonder about the capital required to make vehicles compliant, and what share of spending can go to electrification given FCA's numerous demands.

Ferrari 330 P4 is a stunning red bolide

There are many beautiful cars in the world, and then there is the Ferrari 330 P4 that outdoes practically all of them. Combining more curves than Christina Hendricks and the singing voice of Adele, it might just be one of the most aesthetically pleasing cars ever made. In its latest video, Petrolicious takes a look at the sole remaining original P4 in existence and talks to the lucky man who gets to drive it.
Ferrari Corsa instructor Nick Longhi has the enviable task about getting behind the wheel of the V12 racer in this video, and he says it doesn't drive the way you might think. The P4 isn't out to bite drivers who aren't paying attention. Instead, he claims that the car just does everything right and helps the person at the controls be that much better.
Historically, the P4 was Ferrari's attempt in the 1967 season to take on the dominating Ford GT40. The Prancing Horse's major achievement that year was a 1-2-3 finish in the 24 Hours of Daytona, but it couldn't quite beat the Ford at the famous race at Le Mans.

Ferrari 488 GTO would be fastest V8 car ever from Maranello

It should surprise absolutely no one to learn that Ferrari may be cooking up an even hotter variant of the 488 GTB. If a report from Autocar is true, the new car will resurrect the hallowed GTO moniker and pack more than 700 horsepower from its twin-turbocharged mid-mounted V8. It would be the successor to the wild and wonderful Ferrari 458 Speciale, the swan song for the naturally aspirated V8 in Maranello. This will be the fourth time Ferrari has used the name GTO. The first was in the 1960s on the 250 GTO and then again in the 1980s on the 288 GTO. Most recently, a more track-oriented variant of the 599 GTB was released as the 599 GTO. Each of these cars eschewed most pretense of comfort and civility in the pursuit of power and performance. While they didn't carry the GTO moniker, the 430 Scuderia and the 458 Speciale were designed with a similar philosophy. Since the standard 488 GTB already makes 661 horsepower, it doesn't seem like a stretch to up the boost and strengthen the internals to move the needle past 700. Ferrari can't let the new 710-horsepower McLaren 720S have all of the fun. The 488 GTO should use lighter components and lose some interior trim and sound deadening to drop weight. Autocar believes the new model will dip below 3,000 pounds, absolutely svelte for a car this size. The car should have better aero, a revised suspension, and higher performance wheels and tires. For non-Ferrari comparison, think Porsche 911 GT3. We've seen some s py shots of a new Ferrari recently, but at the time we thought this might be the rumored Dino. It's unclear if that's still the case, but either way, look for something big from Ferrari sometime later this year. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.