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Full-camo Ferrari F12 M spied testing in Maranello

Going on five years old, the Ferrari F12 is due for a freshening. And so our spy photographers caught the next version of Ferrari's front-engine two-seater running around Maranello in full disguise. According to Autocar, the production version should appear at the 2017 Geneva Motor Show. Details at this point are scarce. In the photos you can see the large round brake lights behind the body coverings. They appear to be the same as those on the current F12, but don't count on that continuing through. As with the FF's evolution to the GTC4 Lusso, we expect some changes to the front and rear styling when the F12's suffix changes from Berlinetta to M. And with the GTC4 Lusso adopting a turbo V8, it's possible Ferrari will spread that option to the F12 M as well. But calm down, we're not expecting he V12 to go away. In fact, we expect it to get a power bump, similar to what we saw in the limited-edition F12 TdF, which puts out 769 horsepower, 39 more than the F12 Berlinetta. What we probably won't see in the upcoming F12 M is a hybrid powertain, despite the fact that all Ferraris are moving in that direction. That shift will happen with the F12's successor. Which leaves you plenty of time watch this video of the F12 M running around Maranello. Enjoy. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Ferrari F12 M Spy Photos View 19 Photos Spy Photos Geneva Motor Show Ferrari Coupe Performance Supercars ferrari f12 berlinetta

Former Ferrari chief Montezemolo to be chairman of Alitalia

Luca di Montezemolo may be 67 years old, but he's not quite ready to retire just yet. Not, at least, if the latest reports emanating from Italy are to be believed. According to Reuters, the longtime former Ferrari chief is due to be named chairman of Alitalia.
The troubled Italian airline is on the verge of being bailed out after years of financial difficulty, with Etihad Airways of the United Arab Emirates set to take a 49-percent stake in the company. While the reports have yet to be confirmed by the parties involved, Reuters cites multiple inside sources in revealing that the airline's board met last week and agreed to appoint Montezemolo as chairman, with current Etihad chief James Hogan to act as chief executive officer.
Montezemolo, of course, long served as chairman of Ferrari, having assumed leadership of the company not long after founder Enzo Ferrari died. He also served as chairman of the Fiat group for several years after the passing of Umberto Agnelli, and has headed numerous trade organizations and sporting bodies. But his tenure at Ferrari and the broader Fiat Chrysler Automobiles empire came to an end two months ago when clashes with Fiat chief Sergio Marchionne saw Montezemolo step down.

Stellantis not looking for further mergers, including with Renault

MILAN — Stellantis Chairman John Elkann on Monday denied the carmaker was hatching merger plans, responding to press speculation about a possible French-led tie-up with rival Renault. Elkann said that the Peugeot owner, the world's third largest carmaker by sales, was focused on the execution of its long-term business plan. "There is no plan under consideration regarding merger operations with other manufacturers," said Elkann, who also heads Exor, the Agnelli family holding company that is the largest single shareholder in Stellantis. After abandoning the Russian market, at the time its second largest after France, and reducing the scope of its global cooperation with Nissan, Renault has been seen as a potential M&A target. Speculation intensified after an electric vehicle market slowdown forced it last week to cancel IPO plans for its EV and software unit Ampere. Its market cap remains stubbornly low at little over 10 billion euros ($10.8 billion) despite a financial recovery over the past few years. Stellantis, the product of a 2021 merger between France's PSA and Fiat Chrysler and one of the most profitable groups in the industry, has a market cap of more than 85 billion euros when unlisted shares are factored in. It has a 14 brand portfolio also including Citroen, Jeep, Opel and Alfa Romeo. NEWSPAPER REPORT Italian daily Il Messaggero had said on Sunday that the French government, which is Renault's largest shareholder and also has a stake in Stellantis, was studying plans for a merger between the two groups. A spokeswoman for Renault said on Monday the group did not comment on rumors. France's Finance Ministry had declined to comment on Sunday. Stellantis has crossed swords with the Italian government, which has accused it of acting against the national interest on occasions. Industry Minister Adolfo Urso last week raised the prospect of the Italian government taking a stake in Stellantis to help to balance the French influence. Renault shares pared gains after Elkann's comments to stand 1.2% higher by 1220 GMT, having initially risen more than 4%. Stellantis CEO Carlos Tavares, a Portuguese-national, last week said in an interview with Bloomberg that the group was "ready for any kind of consolidation" and that its job was to make sure that it would be "one of the winners". Analysts, however, question the rationale of a Stellantis-Renault merger, which would also expand the group's excess capacity in Europe.