2022 Ferrari 296 Gtb on 2040-cars

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Stellantis and Foxconn's new joint venture will focus on connectivity

MILAN — Carmaker Stellantis and TaiwanÂ’s Foxconn announced plans to develop a jointly operated automotive supplier focusing on technology to make vehicles more connected, including artificial intelligence-based applications and 5G communications. Stellantis CEO Carlos Tavares said the services that will be developed through the tie-up “will mark the next great evolution of our industry,” alongside fully electrified and hybrid powertrains. The deal brings together Stellantis, the worldÂ’s 4th-largest automaker formed this year by the merger of Fiat Chrysler Automobiles and PSA Peugeot, and Foxconn, a major supplier of iPhones. The companies said the venture would focus on such services as infotainment, the integration of telecommunications and computer systems, artificial intelligence-based applications, 5G communications, e-commerce channels and smart cockpit integration. The companies announced a non-binding memorandum of understanding to form a 50-50 joint venture called Mobile Drive, which will be based in the Netherlands and function as an automotive supplier also to other carmakers. The new venture will combine advanced consumer electronics, Human-Machine Interfaces (HMI) to create new services “that will exceed customer expectations,” the companies said in a release. “Customers today and, in the future, demand and expect ever-increasing software-driven and creative solutions to connect the drivers and passengers with the vehicle inside and out,Â’Â’ Foxconn Chairman Young Liu. Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep RAM Citroen Opel Peugeot 5g Connectivity Stellantis Foxconn

Ferrari threatens to quit F1 over new engine regulations

This past week, the FIA and Liberty Media, the group that currently owns F1, announced a plan to shake up the sport's engine regulations in 2021. The new rules are intended to make things a bit more exciting, though not everyone seems to be on board. Ferrari and FCA CEO Sergio Marchionne fired back, saying that the Italian automaker isn't interested in staying if the regulations stray too far from their current course. According to Bloomberg, Marchionne said that Ferrari will only stay if there is "a set of circumstances, the results of which are beneficial for the maintenance of the brand in the marketplace and for strengthening the unique position of Ferrari." Ferrari occupies a special and unique place in the sport. It's the only team to have competed in the sport since it officially became Formula 1 back in 1950. The team even has certain veto powers not granted to any other team. No other team has more wins or more championships. It could be argued that F1 needs Ferrari more than Ferrari needs F1. If this all sounds familiar, that's because it is. It seems that every time the rules get changed, Ferrari throws up its hands and threatens to walk if things don't go its way. It may sound like whining, but Ferrari has a point. Part of what makes F1 special and different from sports like IndyCar and NASCAR is that each team builds its own cars from the ground up. Ferrari actually agrees with the cost-cutting measures but is opposed to any changes that take away from "powertrain uniqueness." Basically, Ferrari want each engine and hybrid unit to be unique. In the end, Ferrari is more likely than not to stay in F1. The team's bosses will use their weight to sway things in a direction that benefits them because they believe what's good for Ferrari is good for the sport. Related Video: News Source: BloombergImage Credit: Getty Motorsports Ferrari F1 scuderia ferrari

Steve McQueen's Ferrari 275 GTB/4 to be auctioned in Monterey

We know from many, many years of watching classic car auctions, that there are certain qualities that ensure big money. For example, putting tiny silver horses and/or yellow badges on a red car will probably bring in a lot of cash. This is doubly true if said car hails from the 1950s or 1960s, and it's triply true if some dude drove it around in circles or if a celebrity owned it. That, friends, is how you make the serious dosh at auction.
Considering that, we should expect big, big things when this 1967 Ferrari 275 GTB/4 crosses the block at the big RM Auctions event during the festivities surrounding the 2014 Pebble Beach Concours d'Elegance.
Terrence Steven McQueen, better known as Steve McQueen and even better known as the coolest actor of the 1960s and 1970s, originally purchased this car while filming Bullitt in San Francisco, which should provide a big boost to its sale price.