2010 Ferrari 458 Italia 4.5 L Mid Mounted V8 Engine on 2040-cars

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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.

Watch the Ferrari F8 Tributo in its first official videos

The Ferrari 458 Italia has played a core role for the Italian brand since its debut all the way back in 2009 and has been in a perpetual state of improvement throughout the 10 years. It has evolved through numerous stages and earned a new name at each step, from the Speciale to the 488 GTB to the Pista to the newest model, the F8 Tributo. Although each car has the same genes, every one has a slightly different look due to numerous aerodynamic tweaks and subtle bodywork changes. The new angles are obvious in the Tributo's first official videos released this week. The video above premieres the car in a mountainous environment with all the curvy roads one could ever need. It flips between close-ups of the car, driving shots, and hazy smoke-filled displays of power. The only negative is the super-quick cuts don't allow much time to stare. The videos below put the F8 Tributo's aerodynamics and power on display. Several parts of the Tributo's salacious body is functional, including the front S-Duct, the front splitter, the underside vortex generators, the beefier rear spoiler, and the rear diffuser. It also has some hidden tricks using active features. Overall, Ferrari says it has 10 percent better efficiency than the 488 GTB. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Power comes courtesy of a different 458 family member, the 488 Pista. They share Ferrari's twin-turbo 3.9-liter V8 that makes 710 horsepower and 568 lb-ft of torque. It's the most powerful V8 Ferrari has ever put in a car that wasn't part of a special series. Get more familiar by watching all three clips. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Sebastian Vettel's 13-race losing streak reflects Ferrari's struggles

MONACO — Sebastian Vettel's barren spell with Ferrari stretches to a dismal 13 Formula One races without a win, dating back to the Belgian Grand Prix last August. The veteran driver still holds No. 1 status at Ferrari mainly because of his experience. At times this season he has been slower than Charles Leclerc, his young and highly-motivated colleague keen to make an impression in his first season with the team. When asked if Vettel's performances had fallen below expectations for a four-time world champion, team boss Mattia Binotto defended him and said the problems were not down to the 31-year-old German. "First we need a good car ... which is performing sufficiently well to win," Binotto said. "It may be frustrating for him, no doubt. But first it's our duty to give him (one) that he can perform well (in)." The car is apparently not an issue Ferrari had anticipated. After strong performances in pre-season testing, it was touted as the team to beat, and even five-time champion Lewis Hamilton — winner of the past two championships — said so. But Hamilton and Mercedes teammate Valtteri Bottas have won all five races this season while Ferrari has a measly three podium places. The team's last win was by Kimi Raikkonen at the United States GP last October, two months after Vettel's victory in Spa. While Mercedes is all about smooth running, Ferrari's car is blighted by a front suspension issue, a deficit in cornering speed and such basic trouble as getting enough heat into the tires quickly enough. Ferrari's passionate tifosi fans, who are waiting for a first drivers' title since Raikkonen in 2007, are not happy with the current standings. Vettel is fourth, nearly 50 points behind championship leader Hamilton, while Leclerc is fifth. "After winter testing our confidence in the performance was higher than today," Binotto said with an air of resignation. "There are a lot of points to recover." Binotto has been with Ferrari a long time and was promoted from chief technical officer to team principal in January. He took over the role from Maurizio Arrivabene after two frustrating years in which Ferrari blew the title race, due to a bizarre combination of panicky errors from Vettel and a string of baffling strategical and technical mistakes within the team. Now there are worrying echoes of 2016 — when Ferrari failed to win a single race and Mercedes crushed its rivals.