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Ferrari IPO may turn out to be good news for enthusiasts

Sergio Marchionne's strategy to spin off Ferrari from FCA and make the Italian automaker a publicly traded company has been met with ire from a vocal contingent of enthusiasts ever since rumors about the plan began to surface a few years ago. Some of these particularly pessimistic automotive pundits have voiced fears that with stockholders in the mix, it would not only spell the demise of the exclusive Italian supercar maker as we know it, but would in fact "ruin" the company. Call me dense, but I fail to see what the issue is. That isn't to say that I don't understand what's causing the fear. When profitability becomes a higher priority for a brand that's historically relied on exclusivity to keep its products in the highest echelons of desirability, there's a high potential for internal philosophical conflict. And then there are concerns about the sorts of products that Ferrari might develop that aren't the high-performance sports cars that the brand is known for. But individuals with those apprehensions seem to forget that Ferrari has already lent its name to a multitude of things that are not LaFerraris, 488 GTBs, or F12 Berlinettas, including clothing, headphones, and even laptops. But let's assume for a moment that the core anxiety is about future vehicles – including the unspeakable notion that Ferrari might develop an SUV. Why wouldn't Ferrari build an SUV, especially after seeing how incredibly successful that endeavor has been for Porsche? I think it's likely that Ferrari will put engineers to task creating some sort of crossover or high-rolling cruiser with room for the whole family at some point in the near future. And why wouldn't it, after seeing how incredibly successful that endeavor has been for Porsche? After all, the Cayenne accounted for more US sales in 2013 than the Boxster, Cayman, 911, and 918 combined, and it only gave up about a thousand units of sales last year to make room for the Macan crossover, the latter of which Porsche sold nearly as many of as it did Boxsters and Caymans. People want these vehicles, and they're willing to pay quite a bit of money for them. If we use Porsche's recent trajectory as a foreshadowing metric for what's in store for Ferrari, the future actually looks pretty good. After all, those SUV sales keep plenty of cash in Porsche's coffers for the low-volume projects that we enthusiasts love, like the 918 Spyder and the 911 GT3 RS.

VW to pay $1B in settlement with US government over V6 diesels

Volkswagen and the US government have come to a settlement for the civil claims against the automaker's 3.0-liter, diesel V6s. Over 83,000 V6 TDI-powered models are currently prowling US roads in violation of emissions laws. The settlement allows VW to recall over 75 percent of its cheating V6 diesels – about 63,000 units – and bring them into compliance. These represent newer VW Touaregs, Audi A6, A7, A8, Q5, and Q7s, and Porsche Cayennes built between 2013 and 2016. According to the company, the recall will bring these so-called Generation Two engines up to emissions specs, provided the EPA and CARB okay the modifications. Should the regulators say no to VW's tweaks, the company will buy back or terminate leases with the affected owners. For older V6 TDIs built between 2009 and 2012, Volkswagen will do broadly the same thing, only in reverse. It will lead with buy backs of older Touaregs and Q7s – the only vehicles the company sold with the earlier engines – but could offer fixes if EPA/CARB give the okay. As part of its agreement over the emissions-cheating V6s, Volkswagen will contribute $225 million to the "environmental remediation trust" it established as part of its settlement over cheating 2.0-liter TDIs. VW is also on the hook for $25 million with CARB, bringing the total for the six-cylinder part of its emissions cheating scandal to around $1 billion, Automotive News reports. This initial agreement still needs approval from US District Court Judge Charles Breyer. Related Video:

Patrick Dempsey to take break from racing after career season

The popular American actor has decided to take a step back from racing to focus on his "family and acting career." Outside of motorsports, Dempsey's tenure on the hit TV show Grey's Anatomy as Derek Shepherd ended last year, as did his 16-year marriage to makeup artist Jillian Fink. They have since reconciled. Reaching the top step of the podium During that same year, Dempsey finally reached the top step of the podium in his professional sports car racing career, winning the Fuji round of the 2015 FIA World Endurance Championship. Earlier in the season, he placed second in class in the prestigious 24 Hours of Le Mans endurance classic. His Dempsey-Proton Racing Porsche squad ended 2015 sixth in the GTE-Am standings. Along with four starts at Le Mans between 2009 and 2015, Dempsey competed in a total of 68 races between Grand-Am, ALMS and the recently formed hybrid of the two -- The IMSA WeatherTech SportsCar championship. He scored nine podiums, which includes high profile races such as the Rolex 24, Sebring 12 Hours and Petit Le Mans at Road Atlanta. Patrick Dempsey to focus on "family and acting" in 2016 But he will not add on to his growing racing resume this year. Dempsey has released a statement, announcing that he will not compete in any events this season, although his team will continue to do so. My motorsports journey has been a rewarding one and allowed me to meet so many interesting people. While the focus so often is the performance of the car, in reality it is all the various personalities, from team mates to competitors to officials to fans that I remember the most. I have loved being part of part of different teams and sharing the experience with so many great friends. I want to thank everyone who made this possible and helped me along the way. I also wanted to especially thank the fans for their support and friendship. None of this would happen without you buying the tickets and attending the races, so I am grateful for that investment in my passion. It makes me especially happy to see how many people have become race fans during my racing career. At this point in my life, after an amazing season thanks to my friends at Porsche and TAG Huer, I need to take a step back and focus on both my family and my acting career. Dempsey-Proton Racing will continue on racing a Porsche 911 RSR in the World Endurance Championship season. I hope my schedule permits me to enjoy some race weekends at least as a team owner.