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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.

Ferrari GTC4 Lusso rights the FF's wrongs

Enamored as we may be with the idea, there's a good reason that more automakers aren't making shooting brakes these days. A three-door wagon (or elongated hatchback) is tricky to get right, stylistically speaking. The Ferrari FF might have come closer than most, but even the most dedicated of tifosi would have to admit it was a little awkward. The new GTC4 Lusso goes a long way towards setting that right. Sixteen feet long, to be exact. Unveiled here at the Geneva Motor Show, the GTC4 Lusso is not only better looking than its predecessor, but is more powerful and technologically advanced as well. Though Maranello is working on supplementing its V12s with hybrid assists and its V8s with turbos, the new Lusso still packs an old school atmospheric twelve. 6.3 liters now produce 680 horsepower and 514 pound-feet of torque (up from 651 hp and 504 lb-ft). The muscle is channeled to all four wheels, helping it reach 62 miles per hour in just 3.4 seconds and top out at 208 mph with privileged disregard for the conditions. There may be some compelling competition vying for the kind of money Ferrari will charge for the new Lusso, considering that the previous FF commanded a princely $300k. But nothing else (since the Jenson Interceptor) can offer the same combination of space and pace – and dare we say, grace. Beauty being in the eye of the beholder and all, choosing to take home a new GTC4 Lusso will still be a matter of personal taste – but that's a choice we wouldn't mind having to make. View 14 Photos This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The Ferrari GTC4Lusso debuts at the Geneva Show: class-leading performance, versatility in all driving conditions, sublime elegance. Geneva, 1 March 2016 – The new Ferrari GTC4Lusso is Maranello's latest interpretation of the four-seater concept, which combines extraordinary performance in all driving conditions with sporty elegance and luxurious comfort for both driver and passengers alike. The GTC4Lusso's name references several illustrious predecessors, not least the 330 GTC or its 2+2 sister model, the 330 GT, as well as the 250 GT Berlinetta Lusso, which married extreme performance with stylish design and sophisticated materials and craftsmanship.

Ferrari planning special Schumacher tribute to mark injured racer's 45th birthday

Michael Schumacher may have completed his Formula One career with Mercedes-Benz, but the German racer will forever be associated with the Scuderia Ferrari, where he spent the better part of a decade winning just about everything. And as the seven-time World Champion continues to fight for his life following a skiing accident, the Tifosi are in the midst of organizing to pay tribute to one of their greatest heroes as his 45th birthday approaches.
According to the Scuderia's Facebook page, it's calling on Scuderia Ferrari Clubs from across Europe to show up at the Grenoble Hospital where Schumacher is being treated for a "silent and respectful" event to honor the injured champion, whose birthday is tomorrow. There's also a tribute being run on the Scuderia's website passing along the team's thoughts as Schumacher tries to recover from his injury.
The latest reports on Schumacher indicate that his condition continues to be stable, but he remains in a medically induced coma. News of the circumstances surrounding his ski mishap continue to trickle out, with the latest report from The Mirror heartbreakingly suggesting that Schumacher was actually attempting to help a friend's daughter who had fallen herself when he had his own tumble.