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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.

Lewis Hamilton has Vettel in crosshairs at Canadian Grand Prix

MONTREAL - The Canadian Grand Prix has been a happy hunting ground for Lewis Hamilton, and he will look to bag a sixth career win on the island circuit on Sunday to refuel his hopes of another Formula One drivers title. With 14 races remaining on the calendar, it is far from do-or-die for Hamilton, but the pressure is mounting on the Briton and Mercedes with arch rival Sebastian Vettel and Ferrari threatening to widen the gap at the top of the championship standings. Only Michael Schumacher has won the Canadian Grand Prix more times (seven), and Hamilton intends to close the gap further in Montreal as the race marks its 50th anniversary. Hamilton needs to do so, at the scene of his first ever Formula One victory a decade ago, to reel in Vettel after the German led a Ferrari one-two in Monaco and powered 25 points clear. "Montreal has been a great hunting ground for me in the past, and I plan for it to continue," the triple world champion told reporters. With five wins and five poles from previous visits to Quebec, Hamilton would normally be the favorite, but champions Mercedes are no longer the dominant team. "The Ferrari seems to work everywhere. The next 14 races are going to be very, very difficult," he said after struggling to seventh place in Monaco. "They have had arguably the strongest car all year. They look like our car which just worked everywhere last year." The race will also mark the return of twice world champion Fernando Alonso to the Formula One grid after the Spaniard skipped the Monaco Grand Prix last month to chase IndyCar glory at Indianapolis 500. Alonso turned in an impressive performance at the famed Brickyard, qualifying fifth fastest and running at the front but late in the race suffered a familiar fate with his Honda engine giving up. Little has changed at struggling McLaren during Alonso's brief sabbatical with the team still hampered by an uncompetitive Honda engine. There is plenty of reason to party around the Circuit Gilles Villeneuve this week with the city celebrating its 375th anniversary, Canada its 150th birthday and the Canadian Grand Prix its 50th. Williams driver Lance Stroll will be hoping to contribute to the party atmosphere. For the first time since the days of 1997 world champion Jacques Villeneuve, the Canadian Grand Prix will have some true home interest with teenager Stroll on the starting grid for Williams.

LaFerrari for sale in Florida for $4.7 million

Want to get your hands on a new LaFerrari? It's gonna cost you, and cost you big. The factory charged $1.35 million for each of the 499 it will ever make, but you can bet speculators will be selling them for much more than that. Just take a look at this listing from Florida. The Fort Lauderdale Collection South has one LaFerrari for sale with an asking price of $4.7 million. That's more than triple what Ferrari charged for it. The example in question bears the VIN ZFF76ZFA2E0205216 and appears to have been built for the US market in September 2014. It's done up in the classic combination of Rosso Corsa over a black interior and has just 388 miles on the odometer. It has a few options installed, including carbon-fiber side mirrors, a sports exhaust, and Prancing Horse logos embroidered into the headrests. Each of those options is worth a good grand or two on top of the list price, but their addition doesn't go very far toward explaining the enormous markup. With no other examples of LaFerrari having been sold at auction just yet, we don't have much of an indication of how much they're worth on the open market. According to Sports Car Market, the most anyone paid for the previous Enzo was just over $6 million this past August at the RM Sotheby's sale in Monterey, but that was the final example of the breed that was gifted to Pope John Paul II. Most of the rest have sold for a million or two – not over four. Related Video: Featured Gallery Ferrari LaFerrari for sale in Fort Lauderdale View 40 Photos News Source: Fort Lauderdale Collection South via The Supercar Kids Auto News Green Ferrari Car Buying Coupe Hybrid Supercars ferrari laferrari laferrari