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Marchionne: all-electric Ferrari 'an obscene concept'

At the 2016 Geneva Motor Show, Ferrari Chairman Sergio Marchionne told reporters that Ferrari is not interested in building an all-electric car. "With Ferrari, it's almost an obscene concept," were his exact words. He added, "You'd have to shoot me first." This brings to mind another quote, this from Enzo Ferrari himself: "Aerodynamics are for people who can't build engines." Ferrari is, in its heart of hearts, an engine company. As Enzo Ferrari also said, "I build engines and attach wheels to them." Ferrari engines are beautiful things, as are the cars they power. There's a reason the Italian automaker displays its powerplants in its cars under glass like precious works of art. Of course, Ferrari did end up focusing on aerodynamics despite Enzo's remark. In racing as in business, you adapt or you get left behind. If you visit Ferrari's website, you can find a section on innovation. It's clear that the automaker prides itself on its technological advances (including aerodynamics, of course). It also values being a leader. "Each new model brims with technological innovation," it says, "solutions that pave the way for the rest of the industry and which are often picked up by other manufacturers at a later date." Ferrari follows nobody. The Italian marque may pride itself on being a holdout. As an automaker, it does things in the spirit of Ferrari, which is to say in the spirit of Enzo Ferrari. Former Ferrari Chairman Luca di Montezemelo said in 2011, "You will never see a Ferrari electric because I don't believe in electric cars, because I don't think they represent an important step forward for pollution or CO2 or the environment." Sports car manufacturers — Ferrari included — turn to electrification not just for efficiency, however, but also for performance. An electric motor can do certain things that an internal combustion engine simply can't. Who doesn't like being able to summon up loads of torque the very instant they first put a little pressure on the gas pedal? EVs can be spectacular to drive. Take the Mercedes-Benz SLS AMG Electric Drive and the Tesla Model S as proof of that. Marchionne's argument comes down to sound. He was not thrilled by the aural experience of driving a Tesla. Anyone with ears loves the sound of a Ferrari engine. Enzo said, "Race cars are neither beautiful nor ugly. They become beautiful when they win." While he was speaking about a car's visual aesthetic, it certainly applies to a car's sound profile as well.

Multimillion-dollar Ferraris line up for Pebble Beach

Wherever high-value classic cars are being sold, you can bet that vintage Ferraris will be topping the list. Especially at Pebble Beach. And that's precisely the auction for which Gooding & Company has lined up a trio of multi-million-dollar examples. Arguably the most enticing (and sure to fetch the highest price) of them all is a classic red 1961 Ferrari 250 GT SWB California Spider, complete with the highly-coveted covered headlights – just like the one in Ferris Bueller's Day Off. Chassis number 3095 GT is one of just 37 made in this configuration. It's been fully documented and certified, but not restored. This is the first time this particular example will be offered in the United States, and Gooding expects it will fetch around $17 million - placing it at the high end of the Sports Car Market database of prices paid for 250s of any kind. Joining the California Spider is a striking 1957 Ferrari 410 Superamerica – the fastest road-going sports car of its time with a top speed in excess of 150 miles per hour. Painted in metallic grey with a contrasting dark red roof and red leather interior, this Series II coupe was purchased by Mohammad Reza Pahlavi, the last Shah of Iran. It went with his wife following their divorce, and was awarded first in class at Pebble Beach in 1978. It's projected to raise between five or six million in financial scholarships, potentially eclipsing any record for Superamericas to date. Finally, in what could be a footnote only in this rarefied company, is a 1965 Ferrari 500 Superfast that boasts similarly lofty provenance, having been delivered new to Prince Sadruddin Aga Khan. In stunning dark blue with red leather, chassis 6049 SA is anticipated to sell for over $3 million (over a million more than any Superfast yet) when the gavel drops at the Concours d'Elegance next month. Gooding & Company Announces Multiple Show-Stopping Ferraris Including a 1961 Ferrari 250 GT SWB California Spider to Headline Pebble Beach Auctions This quintessential open-air Ferrari is expected to set record-breaking numbers when it crosses the block this August SANTA MONICA, Calif. (July 14, 2015) – Gooding & Company, the official auction house of the Pebble Beach Concours d'Elegance®, is pleased to announce the addition of three unparalleled classic Ferraris to its sale in August – a 1961 250 GT SWB California Spider, a 1957 410 Superamerica Series II Coupe, and a 1965 500 Superfast.

Stellantis and LG launch joint venture for North American battery plant

Stellantis has struck a preliminary deal with battery maker LG Energy Solution (LGES) to produce battery cells and modules for North America, as the world's No. 4 automaker rolls out its 30 billion euro ($35 billion) electrification plan. Global automakers are investing billions of euros to accelerate a transition to low-emission mobility and prepare for a progressive phase-out of internal combustion engines. Stellantis and LGES's joint venture will produce battery cells and modules at a new facility with an annual capacity of 40 gigawatt hours (GWh), the two firms said on Monday. No financial details of the deal were provided. The plant is scheduled to start production by the first quarter of 2024, with groundbreaking expected in the second quarter of 2022, the companies said in their statement. Its location is under review and will be announced later. Stellantis, formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, has said it wants to secure more than 130 GWh of global battery capacity by 2025 and more than 260 GWh by 2030. The batteries produced under the deal will supply Stellantis' U.S., Canadian and Mexican assembly plants for installation in hybrid and fully electric vehicles, supporting its goal of e-vehicles making up more than 40% of its U.S. sales by 2030. The company, whose brands include Peugeot, Fiat, Opel and U.S. best-sellers Jeep and Ram, earlier this year announced it would invest more than 30 billion euros through 2025 on electrifying its vehicle lineup. Stellantis has said it would build three battery plants in Europe and two in North America, including at least one in the United States. Intesa Sanpaolo analyst Monica Bosio said the deal was positive, and a further step ahead in Stellantis' electrification process. It comes weeks after Stellantis and its partner TotalEnergies agreed to open up their battery cell joint venture ACC to Daimler, to expand their European sourcing of battery cells. Stellantis is also targeting more than 70% of sales in Europe to be of low-emission vehicles by 2030, and aims to make the total cost of owning an EV equal to that of a gasoline-powered model by 2026. Related video: Green Plants/Manufacturing Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall Electric Hybrid EV batteries LG