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Marchionne takes total control of Ferrari as CEO and chairman

Ferrari is undergoing another changing of the guard as Amedeo Felisa retires from his longtime role as CEO. In his place, Sergio Marchionne will add the job to his absurd list of responsibilities. An engineer by training, Felisa has been with the company for 26 years, and some form of Fiat for nearly 50, having come to Maranello in 1990 after two decades at Alfa Romeo. He took charge of Ferrari's road-car division in 2001, was named general manager in 2006, and got the CEO job in 2008 after Jean Todt left to run for president of the FIA. Felisa's role as chief executive was seen as all the more important after Luca di Montezemolo was shown the door. Rumors persisted recently that Felisa was on his way out. With Felisa gone, Marchionne will be left running the company more directly than he has been as chairman for the past two years since supplanting Montezemolo. As it is, Marchionne serves as CEO of Fiat Chrysler Automobiles, chairman of CNH Industrial (the merged entity of Fiat Industrial and Case New Holland), and directly runs the NAFTA region for FCA, splitting his time between offices in Detroit, Turin, and Maranello. We wouldn't be surprised, then, to see Ferrari name a new CEO, or at least a senior manager to run the day to day and take some of the pressure off Marchionne, as adept as he's proven at wearing multiple hats. The company is in the process of reforming itself as a corporate entity separate from FCA, positioned more as a luxury brand, and is seeking to rediscover its former winning form on the racetrack. In the meantime, while Felisa steps down with immediate effect, he will remain on the board – his term having recently been renewed – as a technical advisor, just as Todt did before him. Related Video: Ferrari announces CEO succession Maranello (Italy), 2 May 2016 – Ferrari N.V. ("Ferrari" or "Company") (NYSE/MTA: RACE) announces the retirement of its Chief Executive Officer, Mr. Amedeo Felisa, after 26 years of dedicated service. Mr. Sergio Marchionne will assume those responsibilities while retaining his current role as Chairman of the Company. Mr. Felisa will continue to serve on the Board of Directors of Ferrari with a specific mandate as technical advisor to the Company. Sergio Marchionne had this to say: "I have known Amedeo for more than a decade and I have had the opportunity to work with him closely for the last two years. He is beyond any doubt one of the best automotive engineers in the world.

Ferrari revealed the LaFerrari Aperta, and yeah, it's already sold out

We saw this one coming as far away as the mid-engine Corvette: The LaFerrari is getting a convertible version. Publically revealed Thursday at the Paris Motor Show, the LaFerrari Aperta promises the same performance as the regular LaFerrari – with an open-air design. We had seen it already, actually, but today brought confirmation that it will be called Aperta, not Spider. It's already sold out (duh) and will be limited to 209 copies. Two hundred of those go to regular people, or Ferrari customers anyway, and nine will be held back by the company to show off at events in 2017 as the automaker celebrates its 70th anniversary. Ferrari says the LaFerrari Aperta maintains the torsional rigidity and aerodynamics of the hardtop. The powertrain is the same: a V12 paired with an electric motor and KERS technology to generate 949 total horsepower. Meanwhile, Ferrari revealed details on five liveries to celebrate its 70th anniversary based on its current product line with a total of 350 units set to be produced. They are: The Steve McQueen, which takes inspiration from SMQ's iconic 1960s 250 GT Berlinetta Lusso. The Green Jewel, a green scheme based on the 365 P2 from Le Mans competition. The Stirling, which evokes a 250 GT Berlinetta SWB from 1961 driven to victory by Stirling Moss. The Schumacher, a red color scheme based on Ferrari's 2003 Formula One car piloted to seven victories by Michael Schumacher. The White Spider, a tribute to the 375 MM Pinin Farina Spider. The company also showed the rear-wheel-drive, turbo V8-powered GTC4 Lusso T for the first time at an auto show. As you can tell, the Paris show is a busy one for Ferrari. That's fine with us. Related Video: Featured Gallery Ferrari LaFerrari Aperta: Paris 2016 View 21 Photos Related Gallery Ferrari LaFerrari Spider Related Gallery Ferrari 488 Spider 70th Anniversary Edition: Paris 2016 View 10 Photos Image Credit: Live photos copyright 2016 Drew Phillips / Autoblog Design/Style Paris Motor Show Ferrari Convertible Performance ferrari laferrari 2016 paris motor show ferrari laferrari spider ferrari laferrari aperta

2015 Chinese Grand Prix shines bright sun on the dark days of racing

Yes, we tuned into the Formula One Grand Prix in Shanghai China to see a race. But we all know we really tuned in to see if Ferrari, or any other team, could make it a competitive race with Mercedes-AMG Petronas. Based on qualifying, things didn't get off the best of starts: Lewis Hamilton made it four-out-of-four at the front, leading all three Free Practice sessions and then taking pole position in his Mercedes. Nico Rosberg is making the most of his time in the simulator, getting closer to Hamilton as the months go by. This time he lined up in second, just 0.042 in arrears. Ferrari did its best to temper expectations after Malaysia. Even though Sebastian Vettel qualified in third, almost a second behind Hamilton, the Scuderia's race pace is still considered a danger. Kimi Raikkonen's final hot lap went sour in Turn 3 and dropped the Finn to sixth place on the grid. In between the Ferraris, Williams is another team desperately working to maintain its advantage, and both of its drivers capitalized on Raikkonen's misfortune. Felipe Massa took fourth, Valtteri Bottas was in fifth. Daniel Ricciardo led the Infiniti Red Bull Racing charge in seventh, ahead of Romain Grosjean in the Lotus earning a spirits-lifting eighth. The two Saubers continue to show how good the Ferrari engine is, with Felipe Nasr taking ninth position and teammate Marcus Ericsson in tenth. Yet when the lights went out, so did the racing, for the most part. At the end of the first lap, because of some excellent moves by Raikkonen on both Williams' and a terrible start by Ricciardo that dropped him to seventeenth, the order was Hamilton, Rosberg, Vettel, Raikkonen, Massa, Bottas, Grosjean, Nasr, Ericsson, and Pastor Maldonado in the Lotus rounding out the top ten. At the end of the race, the only positions that had changed were the final two: Ricciardo had a laps-long battle with Ericsson, passing, getting repassed, then passing again to take ninth for good, with Ericsson finishing tenth. Maldonado suffered the worst in a battle with Jenson Button in the McLaren, when Button misjudged the entry into Turn 1 for a pass and clouted the back of the Lotus. Button was able to finish but Maldonado had to retire. Yes, there were some decent moments in between, like Bottas getting by Massa at the start, then Raikkonen getting past Massa in the first few corners and the Finn's move on Bottas also letting Massa through.