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No electric Ferraris before 2022, says Marchionne

Ferrari is readjusting its electric car timeline. Earlier, the company's chairman Sergio Marchionne had said that an electric Ferrari would be part of its 2018-2022 strategy, but now it seems that the advent of the full-electric era is being pushed into the future. As recently as January's NAIAS show in Detroit, Marchionne stated, "If there's an electric supercar to be built, then Ferrari will be the first." Automotive News reports that Marchionne recalibrated that claim in a company meeting on April 13, saying that a full-electric Ferrari "is not relevant at the moment." If there will be an electric Ferrari, it will be announced after 2022. Earlier than any of that, Marchionne had called an electric Ferrari "an obscene concept," adding, "You would have to shoot me first." It is likelier that Ferrari will keep gasoline engines as part of all its models for now, even if they get boosted by hybrid technology. Marchionne said Ferrari is debating which of its production models will be electrified in the future; earlier in Detroit, he had said that the company's first series production hybrid will debut at the Frankfurt motor show in fall of 2019. There have been limited-edition hybrid Ferraris already, the LaFerrari and its topless Aperta version. Related Video: Image Credit: Autoblog Quebec Rumormill Ferrari Electric Hybrid Supercars Sergio Marchionne ferrari hybrid electric ferrari

Yes, a Ferrari-swapped Toyota can do donuts around a Ferrari

Ryan Tuerck recently started his Ferrari-powered Toyota GT86 for the first time, and now the pro drifter is back for a donut session in the custom-built coupe. The build included stuffing the F136 V8 from a Ferrari 458 into the GT86, so having the JDM supercar do smoky donuts around the Italian supercar just makes sense. We first heard of Tuerck and Gumout's radical plan to build a competition-only GT86 with the beating heart out of a 458 in July. Since then, Donut Media has put out updates on the vehicle as the build has progressed, ranging from the difficulties of cramming the taller and longer V8 into the Toyota to firing the beast up for the first time. We like what we see – and hear – and you can bet Tuerck's new GT86 will be starring in numerous drifting videos soon. Related Video: News Source: Donut MediaImage Credit: Donut Media / YouTube Ferrari Toyota Coupe Special and Limited Editions Performance Supercars Videos drifting toyota gt86 toyota 86

Ferrari family won't sell stake in company

Ferrari may be splitting off from the Fiat Chrysler Automobiles group and launching its IPO independently, but those stocks it's going to float are coming out of Fiat's hands. The small portion still held by the Ferrari family looks destined to stay in their control for the time being. According to the latest report from Reuters, Enzo's son Piero says he has no intention of selling any of the 10 percent interest he and his family hold in the company founded by his late father. "I have never sold and I have no intention of doing so," said Piero, as quoted in the report. Piero Ferrari is the illegitimate son of Enzo Ferrari and his mistress Lina Lardi. His half-brother Dino died in his twenties from complications associated with muscular dystrophy, and in accordance with Italian custom, Piero was only acknowledged as Enzo's heir after the death of the father in 1988. Representing the family's holdings, Piero still acts as vice-chairman of the company but devotes his day-to-day to running aerospace manufacturer Piaggio Aero. News Source: ReutersImage Credit: Marco Vasini/AP Earnings/Financials Ferrari stock piero ferrari