1989 Ferrari Testarossa Base Coupe 2-door 4.9l on 2040-cars

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Ex-Ferrari chairman sounds off on IPO

Former Ferrari chairman Luca di Montezemolo preferred to put exclusivity over profits when he ran the company, and the lower volume still meant huge amounts of cash for the business. FCA CEO Sergio Marchionne has since taken over Ferrari, but that hasn't stopped di Montezemolo from voicing his opinions. "I hope that the clients will remain more important than the analyst or the investor or the financial markets," di Montezemolo said prior to his induction into the Automotive Hall of Fame in Detroit, the Detroit Free Press reported. The former chairman argued that once on the stock exchange, a company would need to maximize profits quarter after quarter to keep investors happy. Conversely, di Montezemolo said Ferrari's years of success came from an "exclusivity in terms of number of cars, exclusivity in terms of how you deal with the clients." When di Montezemolo left Ferrari last year, he and Marchionne were scuffling about the future of the brand, including the health of the Formula 1 program. With the change in leadership, the company has reversed course in some ways. Where volume was previously kept around 7,000 units annually, the carmaker has set a new goal of closer to 10,000. The paperwork was filed for the IPO, and Marchionne thinks the company could be worth over $11 billion. The actual shares are rumored to go on sale in October. Related Video:

Ferrari design contest winner is sleek Manifesto concept [w/videos]

Ferrari asked students at a selection of top design schools around the world to submit their best ideas, and this is the one that a jury of people close to the company unanimously chose as the winner. It's called the Manifesto, and it was designed by six students at the ISD-Rubika in Valenciennes, France. The sleek design features a single line extending from the nose, rising between the arched fenders, over the greenhouse, and back to the tail. The rear wheels are spaced from the tapering greenhouse in a manner not unlike those on the Ford GT. There's a snorkel air scoop on the roof, thin strips for head- and taillights, and a split cockpit that opens with canopy-like clamshell doors. The striking shape is rendered in black with red highlights, and appears to be propelled by some manner of jet engine. The jury was made up of designers, engineers, collectors, and drivers – including Paolo Pininfarina, Sebastian Vettel, Nick Mason, and Jay Kay. Despite their varied backgrounds, Ferrari says their decision was unanimous in singling out the Manifesto as the clear-cut winner. They also made special mention of the FL, a futuristic cockpit layout designed by Roman Egorov – a Russian student at the Hochschule Pforzheim in Germany. The results from an online poll also awarded the popular Premio Speciale to the de Esfera designed by three students from Hongik University in Seoul, South Korea. Check out the winners in the gallery above and the videos below. You can also review all the entries in the supplemental gallery at bottom, and if you think the jury made the wrong call, share your thoughts in comments. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Presenting Manifesto – The Ferrari of the future Winners of Top Design School Challenge announced Maranello, 15 January – The Manifesto, the FL and the de Esfera are the three winning models in the third Top Design School Challenge, in which four prestige institutes submitted three designs each of the Ferraris of 2040. The jury comprised Ferrari exponents in the broadest sense of the term from designers to engineers, drivers and even famous collectors: Nicola Boari, Franco Cimatti, Aldo Colonnetti, Rodolfo Gaffino Rossi, Jay Kay, Flavio Manzoni, Nick Mason, Andrea Militello, Paolo Pininfarina and Sebastian Vettel.

Full-camo Ferrari F12 M spied testing in Maranello

Going on five years old, the Ferrari F12 is due for a freshening. And so our spy photographers caught the next version of Ferrari's front-engine two-seater running around Maranello in full disguise. According to Autocar, the production version should appear at the 2017 Geneva Motor Show. Details at this point are scarce. In the photos you can see the large round brake lights behind the body coverings. They appear to be the same as those on the current F12, but don't count on that continuing through. As with the FF's evolution to the GTC4 Lusso, we expect some changes to the front and rear styling when the F12's suffix changes from Berlinetta to M. And with the GTC4 Lusso adopting a turbo V8, it's possible Ferrari will spread that option to the F12 M as well. But calm down, we're not expecting he V12 to go away. In fact, we expect it to get a power bump, similar to what we saw in the limited-edition F12 TdF, which puts out 769 horsepower, 39 more than the F12 Berlinetta. What we probably won't see in the upcoming F12 M is a hybrid powertain, despite the fact that all Ferraris are moving in that direction. That shift will happen with the F12's successor. Which leaves you plenty of time watch this video of the F12 M running around Maranello. Enjoy. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Ferrari F12 M Spy Photos View 19 Photos Spy Photos Geneva Motor Show Ferrari Coupe Performance Supercars ferrari f12 berlinetta