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BMW hires Ferrari chief engineer Fedeli

There's going to be a little bit more Prancing Horse in some future BMWs because the Bavarian brand is hiring Ferrari chief engineer Roberto Fedeli to join the company in November. Fedeli's new position is still somewhat of a mystery though, and he reportedly might be lending his talents to the high performance M division or possibly even Rolls-Royce. When asked by Automotive News Europe, BMW said that it "currently can't say what his role will be."
Regardless of his new job, Fedeli was a big get for BMW because of his strong résumé. He has been with Ferrari since 1988 and led the engineering for the famous Italian automaker's vehicles since 2007. Fedeli tendered his resignation in September at around the same time that chairman Luca di Montezemolo announced his decision to leave the company. However, Ferrari told ANE that there was no connection between the two events.

Stellantis ready to kill brands and fix U.S. problems, CEO Tavares says

  MILAN — Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its chief executive Carlos Tavares said on Thursday. The warning for lossmaking brands is a turnaround for Tavares, who has maintained since Stellantis was created in 2021 from the merger of Italian-American automaker Fiat Chrysler and France's PSA that all of its 14 brands including Maserati, Fiat, Peugeot and Jeep have a future. "If they don't make money, we'll shut them down," Carlos Tavares told reporters after the world's No. 4 automaker delivered worse-than-expected first-half results, sending its shares down as much as 10%. "We cannot afford to have brands that do not make money." The automaker now also considers China's Leapmotor as its 15th brand, after it agreed to a broad cooperation with the group. Stellantis does not release figures for individual brands, except for Maserati which reported an 82 million euro adjusted operating loss in the first half. Some analysts say Maserati could possibly be a target for a sale by Stellantis, while other brands such as Lancia or DS might be at risk of being scrapped given their marginal contribution to the group's overall sales. Stellantis' Milan-listed shares were down as much as 12.5% on Thursday, hitting their lowest since August 2023. That brings the loss for the year so far to 22%, making them the worst performer among the major European automakers. Few automotive brands have been killed off since General Motors ditched the unprofitable Saturn and Pontiac during a U.S. government-led bankruptcy in the global financial crisis in 2008. Tavares is under pressure to revive flagging margins and sales and cut inventory in the United States as Stellantis bets on the launch of 20 new models this year which it hopes will boost profitability. Recent poor results from global carmakers have heightened worries about a weakening outlook for sales across major markets such as the U.S., whilst they also juggle an expensive transition to electric vehicles and growing competition from cheaper Chinese rivals. Japan's Nissan Motor saw first-quarter profit almost completely wiped out on Thursday and slashed its annual outlook, as deep discounting in the United States shredded its margins. Tavares said he would be working through the summer with his U.S. team on how to improve performance and cut inventory.

You can buy President Donald Trump's old Ferrari F430

You don't see this every day: This Ferrari F430 was formerly owned by President Donald Trump. Judging by the car's title, that point is indisputable. That makes it both a celebrity-owned vehicle, and a Presidential vehicle. It's quite the two-for-one. It could also become yours if you have the dough. This Ferrari comes from the second, presumably less famous owner, and will go for auction at the Auctions America event in Fort Lauderdale. The auction runs from March 31 to April 2, with the F430 crossing the block on April 1. Considering the original owner's tastes, it's a little surprising how restrained this car is. It's in classic Ferrari red with a tan leather interior. Not many options were added either, according to the original dealer sticker. The whole list includes red-painted brake calipers, an optional style of power seat called "Daytona," Scuderia Ferrari shield badges, and an upholstered headliner. In the end, combined with the destination charge, Trump's Ferrari came out to a little under $198,000 (its base price was $184,000). Auctions America expects to get a bit more for it. The auction estimate is $250,000 to $350,000. It also has just under 6,000 miles and is complete with all of its manuals, tool kit, and service records. If it were our money though, we'd go off and find an F430 that wasn't owned by a celebrity, and with a true manual transmission, as opposed to the paddle-shifted F1 gearbox in this model. Both characteristics would make it cheaper, and more fun to drive. Related Video: