15000 Miles 2005 Ferrari 360 F1 We Finance! 3.6l V8 40v Premium on 2040-cars

Auto blog

Ferrari to keep CEO Amedeo Felisa post spin-off

Ferrari is undergoing a big shakeup, and not just on the Formula One racing grid. It's just parted ways with its longtime chairman, is being spun off from the rest of the Fiat Chrysler Automobiles group and will soon launch its initial public offering on the stock market. But one thing it's not about to change at this point is its CEO. Speaking to journalists in Milan this past Friday, FCA chairman John Elkann said, "There will be no CEO change," indicating that the job of chief executive Amedeo Felisa is secure for at least a while longer. After two decades at Alfa Romeo, Felisa joined Ferrari back in 1990, was named general manager in 2006 and chief executive in 2008. In that capacity, he's always reported to company chairman Luca di Montezemolo, whose place was recently taken by Sergio Marchionne. It remains unclear, however, just how directly involved Marchionne will remain in the Prancing Horse marque, especially after the spin-off, and what that would mean for Felisa. In launching the IPO, Ferrari could institute a loyalty scheme that would award additional stake to the company's oldest and largest shareholders – which would only further entrench the holdings of the Agnelli family which Elkann heads and which stands to become the largest stakeholder in Ferrari after its separation from the rest of the group.

Ferrari dips into its parts bin to test a Dino, or something

"It's a when not an if. We know that it [Dino] is an under-used resource, but that's why we need to get it right." – Sergio Marchionne We know Ferrari is thinking about bringing back the Dino. This might be it. Or not. Spy shooters snapped this prototype during winter testing in Sweden, sparking speculation the long-hoped for Dino could return. Witnesses said the mule didn't sound like it had a V8, suggesting the 2.9-liter V6 turbo developed by Ferrari for the Alfa Romeo Giulia was instead providing power. Fiat Chrysler chief Sergio Marchionne said back in 2015: "It's a when not an if. We know that it [Dino] is an under-used resource, but that's why we need to get it right." He also suggested a 500-hp V6 would be the right fit for a new Dino. That Alfa engine makes 505 ponies in the Giulia's Quadrifoglio trim But those comments are nearly two years old, when Ferrari was owned by Fiat Chrysler. Ferrari was spun off in the fall of 2015, though Marchionne remains head of the supercar maker in addition to leading FCA. But what are we actually looking at here? There's bits of both the 488 GTB and its predecessor, the 458 Italia, Frankensteined together onto the prototype. There are huge tailgun exhausts in back. The car is testing on a snowy road. Could in fact Ferrari be shaking down an all-wheel-drive 488 variant? A high performance version? On the other hand, the Dino was a mid-engine car, and the similar layout of the 458/488 line makes for a fitting testbed. Perhaps Ferrari is using that body style to conceal the identity of an all-new project like the Dino. Or perhaps... Related Video:

Autoblog Minute: Ferrari F12 TdF, Tesla Autopilot, Fiat brand leadership change

Ferrari unleashes the F12 TdF, Model S owners get an exciting announcement from Tesla, and Fiat North America undergoes a leadership change. Senior editor Greg Migliore reports on this edition of Autoblog Minute Weekly Recap. Show full video transcript text [00:00:00] Ferrari unleashes the F12 TdF, Model S owners get an exciting announcement from Tesla, and Fiat North America undergoes a leadership change. I'm Senior editor Greg Migliore, this is your Autoblog Minute Weekly Recap. Ferrari's new F12 TdF gets its name from the legendary Tour de France race that Ferrari dominated back in the 50s and 60s. [00:00:30] This new Ferrari is derived from the naturally aspirated F12 Berlinetta's engine. There are styling and performance upgrades, and the company highlights changes in aerodynamics, weight reduction, and faster shifts. The result, Ferrari says, is a blistering zero to sixty-two time of, 2.9 seconds. It's pretty fast. Tesla released software version 7.0 for Model S owners. The big takeaway from this update is the much anticipated Autopilot mode. Tesla says Autopilot [00:01:00] allows Model S to steer within a lane, change lanes, and manage speed. Software version 7.0 will also allow for digital control of the motors, brakes, and steering for collision prevention. Now do you hate parallel parking? Tesla's got you covered. The Model S can park on command, right after it scans for a spot and alerts you when one becomes available. Jason Stoicevich resigns shortly after losing control of the Fiat brand. Automotive News reported that Stoicevich's leadership role at Fiat was handed over to the company's [00:01:30] head of the Dodge brand. That's Tim Kuniskis. The report cites diminished sales figures as a key reason for the personnel change at Fiat. This change resulted in Stoicevich leaving FCA altogether. Those are the highlights from the week that was. Be sure to check out my full recap this Saturday. Plus I'll have some added insight into BMW's M2. For Autoblog, I'm Greg Migliore. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals.