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Ferrari 488 Special Series V8 named Pista in leaked photos

Ferrari Photo Page leaked Ferrari's presentation of the 488 Special Series last month. Today, the site's Instagram has what appear to be press shots of the coming Ferrari that reveal the coupe's name: 488 Pista. The word "Pista" means "track" in Italian, and it would be the next peak in the lofty range already notable for the 360 Challenge Stradale (Road), 430 Scuderia (Team), and 458 Speciale (Special). We also get a few potential specs, namely a rumored 721 horsepower. If the press photos are accurate — everything in front lines up with the blurry screenshot from the recent teaser vid — we can begin to see how Ferrari increased aerodynamic efficiency by 20 percent over the standard 488 GTB. Autocar says Ferrari's aimed at the 340 kilograms of downforce produced by the Porsche 911 GT2 at 155 miles per hour, 15 kg more than achieved by the 488 GTB. Instead of a hood carved out with two deep scallops as on the 488 GTB, nearly the entire span of the hood on the 488 Pista plunges before reaching the leading edge. In back, a large, heavily dished wing tops a new rear fascia, its center span hovering a few inches above the bodywork. Below, a much more aggressive rear diffuser sits between vertical vents at the flanks. The interior doesn't look much changed, but note the carbon fiber floor instead of floor mats, the leaner center tunnel area, and shift selector buttons on a stalk styled after the one in the LaFerrari. A reveal at the Geneva Motor Show seems likely, where we'll look forward to detailed specs on that engine derived from the 488 Challenge race car but 10 percent lighter. Based on what we've seen so far, a Geneva debut will be thrilling no matter how much of the 488 Pista leaks before then. Related Video: Featured Gallery Leaked Ferrari 488 Pista Images News Source: Ferrari Photo Page Rumormill Geneva Motor Show Ferrari Coupe Luxury Special and Limited Editions Performance Supercars 2018 Geneva Motor Show ferrari 488 ferrari 488 pista

Montezemolo steps down, Marchionne steps up as chairman of Ferrari

If the history of an automaker is divided up by the mandate of its leadership, then this is surely the end of an era for Ferrari. After repeatedly locking horns with Fiat Chrysler CEO Sergio Marchionne over a variety of issues, longtime Ferrari chairman Luca di Montezemolo has announced his resignation.
Montezemolo has a long history with both Fiat and Ferrari. He started his career at the former before moving over to the latter in 1973 (only a few years Fiat took over half of Ferrari), starting out as Enzo Ferrari's assistant. He was appointed head of the Scuderia the following year, driving the team to success and subsequently taking over all of the Fiat group's racing activities. After the Prancing Horse marque struggled in the wake of its founder's death in 1988, Montezemolo was appointed to take it over in '91 and has been at the helm ever since.
Following Fiat chairman Gianni Agnelli's passing in 2003, both Montezemolo and Marchionne were named to the Fiat board. A year later, after the passing of Gianni's younger brother Umberto, Montezemolo was named chairman of the Fiat Group (to be succeeded six years later by Agnelli heir John Elkann) and Marchionne its chief executive.

FCA delays distribution of Ferrari shares

Even if you can't afford an actual Ferrari, soon you can own a part of the famous company thanks to its upcoming initial public offering. FCA will put 10 percent of the Prancing Horse on the market in the third quarter of this year. However to reap extra money for 2015's bottom line, the rest of the sports-car maker's stock will remain undistributed for a little longer. According to Automotive News, the strategy is quite simple to understand. FCA is holding off until the first quarter of 2016 to divvy up the remaining Ferrari stock to shareholders. By doing so, the automaker gets to claim 80 percent of the Prancing Horse's profits for its 2015 financial numbers. While FCA is already showing strong results through Q1 2015, being able to add extra cash on the balance sheet is always a plus. FCA hasn't set a specific date for the IPO, but Ferrari stock was announced to be traded in the US and possibly on a European exchange, as well. According to Automotive News, FCA currently owns 90 percent of the company, and Piero Ferrari has the remaining 10 percent, which he isn't selling. Related Video: