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Montezemolo steps down, Marchionne steps up as chairman of Ferrari

If the history of an automaker is divided up by the mandate of its leadership, then this is surely the end of an era for Ferrari. After repeatedly locking horns with Fiat Chrysler CEO Sergio Marchionne over a variety of issues, longtime Ferrari chairman Luca di Montezemolo has announced his resignation.
Montezemolo has a long history with both Fiat and Ferrari. He started his career at the former before moving over to the latter in 1973 (only a few years Fiat took over half of Ferrari), starting out as Enzo Ferrari's assistant. He was appointed head of the Scuderia the following year, driving the team to success and subsequently taking over all of the Fiat group's racing activities. After the Prancing Horse marque struggled in the wake of its founder's death in 1988, Montezemolo was appointed to take it over in '91 and has been at the helm ever since.
Following Fiat chairman Gianni Agnelli's passing in 2003, both Montezemolo and Marchionne were named to the Fiat board. A year later, after the passing of Gianni's younger brother Umberto, Montezemolo was named chairman of the Fiat Group (to be succeeded six years later by Agnelli heir John Elkann) and Marchionne its chief executive.

Junkyard Gem: 1975 Fiat 124 Sport Spider

Fiat sold the two-seat convertible version of the 124, the Sport Spider, in North America from the 1968 through 1982 model years. After that, Pininfarina continued to build and sell the 124 Sport Spider through 1985. Like the similarly cheap and fun MGB, plenty of these cars were sold, and huge numbers remain in back yards, garages, and driveways across the continent. Those unfinished projects continue to get evicted, which means I see a good half-dozen discarded 124 Sport Spiders in junkyards every year, about the same quantity now as you'd have seen 30 years ago. Here's a once-snazzy tan '75, spotted in Denver. Fiats became somewhat mainstream in the United States during the early 1970s, with the extremely cheap 128 stealing plenty of Beetle and (a bit later) Civic sales. The 124 Sport Spider competed directly against the MGB, and both types once served as commonplace daily drivers all over the country. In 1975, the 124 Sport Spider cost $4,703 ($23,140 today) and had 86 horsepower to move its 2,320 pounds. Meanwhile, the MGB cost $4,249 and weighed just 2,287 pounds … but was issued a mere 62.5 horses by British Leyland. The Fiat Twin Cam DOHC straight-four was decades more modern than the MGB's elderly (but quite sturdy) pushrod BMC B engine. If this is the original engine, it displaced 1,756cc. There's enough rust to scare off would-be restorers, but this car could have been put back on the street at fairly low cost. Naturally, I brought a vintage Italian film camera — a Bencini Comet II, circa 1951 — to photograph this vintage Italian car. You can tell a sports car owner is serious when you see studded snow tires on the car. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The car so good, it made you hallucinate romantic drives with Rolls-Royce owners. Featured Gallery Junked 1975 Fiat 124 Sport Spider View 17 Photos Auto News Fiat Automotive History Convertible fiat 124 Junkyard Gems

Automakers are putting pancakes in your car, when all you want is a parking spot

The Dashboard Act was introduced June 24 in Congress by Sens. Mark Warner, D-Va., and Josh Hawley, R-Mo. Its name notwithstanding, it isn’t about cars. Rather, “Dashboard” is an acronym for “Designing Accounting Safeguards to Help Broader Oversight and Regulations on Data.” The purpose of the act is to make sure that companies disclose to consumers how their data is being used by companies like Facebook and Google — how their data is being monetized. Oddly enough, the Dashboard Act does have something to do with automotive companies, too. Why? Because OEMs have determined that people have plenty of time on their hands when driving — much of which is just sitting in traffic (according to the 2018 INRIX Global Traffic Scorecard, U.S. drivers sit for an average of 97 hours last year). So what better thing to do than shop? And presumably, like credit-card companies, theyÂ’re benefiting from facilitating commerce. Coincidentally, also on June 24 FCA announced it is launching Uconnect Market, an in-vehicle commerce platform. Explained Alan DÂ’Agostini, FCA's global head of connected services, “Our customers live busy lives, and our goal with the Uconnect platform is to provide an advanced portfolio of services to make their daily drive more convenient, productive and enjoyable. “This is why we are launching Uconnect Market, as we continue to ramp-up our connectivity efforts around the world with the goal of having all new FCA vehicles connected by 2022.” Uconnect Market, which will begin rolling out this year, allows people to buy things like DominoÂ’s Pizza and Shell gasoline and make reservations through Yelp via the touchscreen in the vehicle. This is similar to GMÂ’s Marketplace, which it introduced at the end of 2017. This allows you to order from ApplebeeÂ’s, Starbucks, TGI Fridays, ExxonMobil, Wingstop, and even book travel on Priceline.com. And in keeping with the third company in the Detroit Three, Ford offers the Amazon Alexa App, which provides a variety of functions from controlling smart devices in oneÂ’s home to, for Amazon Prime members (of which there are estimated to be more than 100 million in the U.S.), ordering organic kale from Whole Foods. All through your dashboard. Earlier this year at the Mobile World Congress in Barcelona, BMW Group introduced “BMW Natural Interaction,” a system that combines voice, gestures and even gaze to interact with the vehicle.