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Michael Schumacher's son Mick to test with Ferrari and Alfa Romeo in F1

LONDON — Mick Schumacher, son of seven-time world champion Michael Schumacher, will test with Ferrari and Alfa Romeo in Bahrain next week, the Formula One teams announced on Tuesday. The German, who makes his Formula Two debut in Bahrain this weekend with the Prema team, will test Ferrari's F90 car at the Sakhir circuit on April 2 after the grand prix there. The 19-year-old, who won the European F3 title last year and is a member of Ferrari's young driver academy, will also test Alfa Romeo's new car on the Wednesday. "I am really looking forward to what I'm sure will be a great experience," he said. "But for the moment, I am consciously putting all thoughts of the test to one side, because I am also very much looking forward to competing in my first F2 race and would like to focus 100 percent on the weekend to come." Britain's Callum Ilott, who is also in Formula Two this season and is another Ferrari academy member, will make his F1 test debut with Ferrari-powered Alfa in Barcelona in May after the Spanish Grand Prix. Schumacher's father, who has not been seen in public since suffering severe head injuries in a skiing accident in 2013, won five of his record seven Formula One titles with the Italian team between 2000-04 and holds the record of 91 wins. Ferrari principal Mattia Binotto said the team's current driver Charles Leclerc was proof of the worth of the academy as a high level training program for talented youngsters. "Mick, who joined the FDA in January, and Callum, who has been with us since 2017, are definitely drivers on their way up," he said. "I believe that driving the SF90 in an official setting such as the tests in Bahrain and Barcelona can be very useful at this stage in their career." Motorsports Alfa Romeo Ferrari Racing Vehicles F1 michael schumacher

Fiat Chrysler begins Magneti Marelli spinoff

MILAN — Fiat Chrysler has kicked off its planned spinoff of parts maker Magneti Marelli, which will be registered in the Netherlands and listed on the Milan stock exchange, a document outlining initial plans and seen by Reuters showed. The spinoff is part of a plan by FCA Chief Executive Sergio Marchionne to "purify" the Italian-American carmaker's portfolio and to unlock value at Magneti Marelli similar to his earlier spinoff of Ferrari. Analysts say Magneti Marelli could be worth between 3.6 billion and 5 billion euros ($4.2 billion to $5.8 billion). It sits within FCA's components unit alongside robotics specialist Comau and castings firm Teksid. FCA has created a separate entity called MM Srl, the document showed, into which it will fold Magneti Marelli's electronics and electro-mechanical operations related to racing motorbikes and racing cars, as well as 14 other holdings in various companies around the world, including Germany, Slovakia, Mexico and South Africa. MM will be incorporated into a Dutch holding company via a cross-border merger, it added. FCA declined to comment. The move follows a similar procedure adopted by FCA for the spinoff and listing of Ferrari as well as of trucks and tractor maker CNH Industrial, both registered in the Netherlands and listed in Milan. The Dutch holding company would allow Marchionne, known for his success in extracting shareholder value through this strategy, to introduce a loyalty share scheme to reward long-term investors through multiple voting rights, as was the case with CNH and Ferrari. That would tighten the grip of FCA's controlling shareholder Exor, the Agnelli family's investment holding company, on the parts maker. Magneti Marelli, which employs around 43,000 people and operates in 19 countries, is a diversified components supplier specialized in lighting, powertrain and electronics. The Magneti Marelli separation is expected to be completed by the end of this year or early 2019, FCA has said. FCA's advisers initially looked at a possible initial public offering for the business to raise cash to cut FCA's debt, but the Agnelli family — FCA's main shareholder — was put off by low industry valuations and did not want its stake in Magneti Marelli to be diluted, three sources close to the matter told Reuters in March. Magneti Marelli has often been touted as a takeover target, and FCA has fielded interest from various rivals and private equity firms over the years.

Ferrari California T gets sharper edge with Handling Speciale package

It's been about two years since Ferrari updated the California to T-spec with a 3.9-liter, flat-plane crank, twin-turbocharged engine, and we found it to be a suitable change – rewarding to drive, and compelling to experience. Now Ferrari has introduced a new handling option, which will debut at the upcoming Geneva Motor Show in March, which should add a sharper edge to the roadster. Like most handling packages, the springs and dampers get the most attention. The magnetorheological dampers fitted to the conventional California T get changes that increase their response time to changing road conditions. As before, damper settings are controlled via the steering wheel manettino, and the most aggressive change is to be found in the Sport setting. The front springs are stiffer – 16 percent up front, 19 percent in the rear – which will aid body control in all axes. Ferrari claims that, overall, the setup only marginally reduces the ride comfort. It'll take driving a Handling Speciale-equipped car to find out. The changes go beyond just handling hardware. Shifts are faster in Sport mode, both in automatic and manual modes, thanks to recalibrated transmission logic. Ferrari's engineers also found some additional corner exit speed by tweaking the F1-Trac stability control system's programming. The company claims this tweak also helps with acceleration on bumpy surfaces. Cosmetically, the California Ts with the Handling Speciale package will feature a matte grille, a rear diffuser with matte-painted fences, and matte black tailpipes. A special-edition plaque, located in the cabin, is also standard, Finally, in a very Italian move, the exhaust note has been recalibrated "to underline the performance gains." That is to say, if you don't happen to have a skidpad handy to do a direct measurement of the increase in cornering capability – which, it should be noted, Ferrari doesn't quantify – the sportier sound will serve as a psychological reminder. There's no claim that the new exhaust system changes the engine's output – cars so equipped make the same 553 hp at 7500 RPM as the model we tested back in 2014. Look for the Handling Speciale package to debut at the Geneva Motor Show.