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Where did Ferrari's new CEO come from? Cigarettes and money

At the close of the 2006 Formula One season, cigarette advertising was banned from the cars on the grid. Arguably the most prominent and widely recognized brand/car package was the red, black and white Marlboro logo that encompassed the Ferrari cars. Marlboros were marketed by the company then known as Phillip Morris. Phillip Morris became part of a conglomerate named Altria. The man who was the CEO of Altria at the time of the tobacco advertising ban, a man who had long been an exec at what was still just Phillip Morris during the 1980s and 1990s, when much of the truly exciting F1 racing occurred, was Louis C. Camilleri. Camilleri has been given the powers of the CEO by the board of Ferrari and is likely to be given the official job within days due to the unfortunate health-related circumstances of Sergio Marchionne. According to a story that appeared in November 2001 on Motorsport.com about the ban on tobacco advertising in Formula One, the organizing body of the sport, the FIA, released a statement that said, in part, "Today tobacco sponsorship remains an important source of revenue for a number of Formula 1 and World Rally Championship teams. The precise value of such sponsorship is hard to estimate but probably exceeds 350 million per year." Serious money. And as Camilleri, presumably, had more than a little something to do with the splashing of the Marlboro signage on the cars of drivers including Schumacher and Massa, his association with Ferrari probably had more to do with nicotine than gasoline. In October 2015 Ferrari's IPO was priced at $52 per share. At the beginning of 2018 the price was at $105.15; as of July 20, $140. Like any good billionaire, he is said to have a collection of Ferraris, though he isn't a "car guy" in the traditional sense of coming up in the business. (One of the Altria companies had been Kraft Foods, so he may know more than most about things like Velveeta.) But Ferrari is as much about serious money as it is about V12s nowadays, maybe more. Related Video:

Ferrari's 986-hp mid-engine hybrid supercar stays bundled up in spy shots

With less than a week to go until its debut for VIP clients, Ferrari remains engaged in testing its hybrid V8 supercar. As these spy shots show, the Italian carmaker still insists on giving nothing away. The photographer wasn't able to figure out any more details, noting only that the camo panels were decorated with yellow triangles warning of electric shocks. The last intel we got came from Auto, Motor und Sport, the German magazine predicting 1,000 PS (metric horsepower), which is 986 of our ponies. That grunt would come from the 3.9-liter twin-turbo V8 borrowed from the F8 Tributo, and three electric motors — two on the front axles, one in the gearbox. All-wheel drive and instant torque would get the coupe from zero to 62 miles per hour in no more than 2 seconds, and cornering prowess will increase thanks to e-motor torque vectoring. Another stroll through the FerrariChat forum says power might be more than the 1,000 CV (cheveaux — metric horsepower again, but in French) indicated even on Ferrari's invitation to the launch event. A member wrote, "The current numbers doing the rounds are 1,050 — 1,100," bettors guessing 720 hp from the V8, roughly 200 combined horses from the front axle motors, and anywhere from 150 to 180 hp from the gearbox unit. That would be 1,080 hp at most, which is 1,095 CV. The looks are inscrutable. It's clear the door handles are in a different place, above the shoulder line, the front brakes calipers are mighty, and the headlights reveal some severe lines. The motorcycle rider who chased the coupe through the hills above Maranello said he saw squared taillights, but allowed that it could have been the shape of the camouflage openings. A Ferrari owners group from France visited the factory and apparently saw the complete bodywork for the hybrid coupe codenamed F173, describing the car as "wide and flat" with "huge rounded intakes" like half circles, a red body and a black glasshouse. On a side note, they also saw the 812 Spider bodywork, and said it's beautiful. Finally, another FC poster wrote that "the name has been already decided and there are very few chances that it will be changed. It will remind us of a Ferrari model launched years ago and also an actual car, a fast one." Depending on when Ferrari plans a public debut, we have anywhere from six days to three weeks left to play with this puzzle.

Best Convertibles for 2022

The past decade has not been kind to the drop-top enthusiast. No matter which dealer you walk into, convertible models have been biting the dust left and right. Nissan Z? Audi TT? Buick Cascada? Volkswagen Eos? All gone. Remember the humble Chrysler Sebring/200? Well, you do now. Fortunately, though, the news isn't all bad. There are still plenty of options out there for those who absolutely must have a convertible. Whether you need something to haul behind your retirement cruiser, a performance car that can go toe-to-toe with the best in the world or just something that allows you to sling the roof back after a long day of on-location business meetings before catching the flight back to your everyday hustle and bustle, there's at least one cabriolet out there to suit your needs. Here are our picks and starting prices for the top convertibles in several categories for 2022.  For the frugal open-top lover: 2022 Mini Convertible ($34,650) Let's face it; gas ain't cheap. But open-top motoring doesn't need to be a wallet killer. The Mini is cheap (at least by 2022 standards) and an absolute joy to drive, so there's really no downside here ... except for the roof. Get it?    For the hardtop lover: 2022 Mazda MX-5 RF ($37,260) / 2022 Chevrolet Corvette Convertible ($69,695) The number of hardtop convertibles has seriously dwindled due to weight concerns and the fact that fabric roofs have gotten so quiet, but there are still some options for those who prefer a more coupe-like look with the roof up. Our picks here are the delightfully Targa-like MX-5 Miata RF and literally any Corvette Stingray — even the hardtop has a removable roof!    For long road trips: 2022 Ford Mustang Convertible ($34,100) The first image that comes to mind for many who are told to visualize an American convertible is the classic Ford Mustang. It's not the only drop-top pony car out there, but thanks to the Camaro's tiny trunk, it's much harder to see the USA in a Chevrolet when a drop-top enters the equation. The Mustang has much more cargo space and a much larger opening, which is likely the difference between keeping your bags under lock and key or leaving them exposed in the back seat.    For towing behind an RV: 2022 Jeep Wrangler ($31,590) While many small runabouts make sense for towing behind a motor home (or nestled up inside a fancier one), the Wrangler has a serious advantage when it comes to RVing: it can easily be flat-towed.