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Ferrari SUV officially being considered

A new report from Bloomberg seems to confirm that Ferrari is very seriously looking at creating some type of SUV. The news outlet reports that CEO Sergio Marchionne said the sports car builder will come to a final decision on the crossover in 30 months. This of course means that actual production will be several years off, if it happens at all. He also referred to the hypothetical crossover as an "FUV," which we assume means something like Ferrari Utility Vehicle or Fast Utility Vehicle. We doubt it's something offensive, but Marchionne has been quoted as preferring to be shot than have Ferrari build an SUV. If we had to guess whether Ferrari will build an SUV, we would go with, yes. Both Car Magazine and Bloomberg have reported that the company is in the early development phase of some utility vehicle. Both sources also mention similar details such as the fact that it will be based on the all-wheel-drive GTC4 Lusso platform and that there will be a hybrid powertrain option. Adding an SUV of some sort to the Ferrari line-up could also provide an opportunity to score a healthy number of sales and grow the company. According to Bloomberg, Marchionne said any sales expansion would have to be balanced with maintaining some exclusivity. But even if Ferrari sold just 2,000 units a year, as mentioned in a previous report, that would still be a 25-percent increase over the roughly 8,000 cars Ferrari sold in 2016. That number of vehicles would also keep Ferrari close to the 10,000-vehicle-per-year target Marchionne proposed a couple of years ago. Besides the chance for growth, building a Ferrari SUV would also keep the company in direct competition with other sports car builders planning their own utilities. Aston Martin will begin producing its DBX crossover sometime in 2019 and Lamborghini will reveal its production Urus SUV in December. Related Video: Featured Gallery Ferrari GTC4Lusso T: Paris 2016 View 17 Photos News Source: BloombergImage Credit: Drew Phillips Ferrari Crossover SUV Future Vehicles Performance Sergio Marchionne

Did Ferrari block Montezemolo from becoming F1 chairman?

The Formula One Group has appointed a series of new directors to its board. But while ousted Ferrari chief Luca di Montezemolo is among them, the latest reports suggest that he was earmarked to become the group's chairman, but that Sergio Marchionne blocked the appointment. Montezemolo, for those just joining us, served as chairman of Ferrari since 1991, but was ousted just a couple of months ago by Sergio Marchionne, chief executive of parent company Fiat Chrysler Automobiles who took his place at the head of the table in Maranello. During his tenure as Ferrari chief, Montezemolo sat as the team's representative on the F1 board (and also as chairman of the Formula One Teams Association), but despite having broken ties with Ferrari, Luca was renominated to the board as an independent member. That seat on the board, however, could have been at the head of the table, according to circulating reports, had Marchionne not expressed certain reservations, if not blocked the nomination outright. Montezemolo's appointment would have meant that both the F1 Group and the FIA would have been headed up by former Ferrari men, although Marchionne was quoted as saying that if it had been his call, he would have prevented Jean Todt from being elected to the presidency of the FIA as well. The chairmanship of the Formula One Group is separate from the role held by Bernie Ecclestone, who will continue to run the sport's day-to-day operations. Ecclestone has also rejoined the board along with Paul Walsh, the former head of distilling giant Diageo who was also tipped as a favorite to chair the F1 board. That role instead will return to Peter Brabeck, the former head of Nestle, who had previously stepped down from the chair of the Formula One Group.

Jay Leno's Dodge Challenger raises $585k for USO in Scottsdale

Of all the metal moved in Scottsdale, AZ, this holiday weekend, the one you see here was hardly the most expensive. But it's noteworthy for another reason: despite being a relatively humble, second-hand 2008 Dodge Challenger SRT8, raised an impressive $565,625. That's because, first of all, it belonged to Jay Leno, and secondly because the proceeds were going to the USO. Leno donated the modern muscle car from his collection to benefit our men and women in uniform, and was on hand to present the car on stage at the Gooding & Company auction, along with USO president J.D. Crouch II and former Army chief of staff General George W. Casey, Jr. After frenzied and patriotic bidding, the gavel ultimately dropped at $360,000, accompanied by over $200,000 in additional contributions, bringing the total amount donated to the USO to over half a million. Commendable though it was, of course the Challenger didn't garner the highest bids at the auction. A 1959 Ferrari 250 GT LWB California Spider sold for $7.7 million and a 1968 Ferrari 330 GTS fetched $2.4 million. A rare 1962 Ferrari 400 Superamerica Series I Coupe Aerodinamico sold for over $4,070,000 – which, according to Sports Car Market, is the most ever paid at auction for a 400 Superamerica. And a 1966 Porsche 906 Carrera 6 also sold for a record $1.98 million. Featured Gallery Gooding Scottsdale 2015 News Source: Gooding & CompanyImage Credit: Jensen Sutta, Mike Maez/Gooding Celebrities Dodge Ferrari Porsche Auctions Classics dodge challenger srt8 gooding ferrari 400 superamerica