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Former Ferrari chief Montezemolo to be chairman of Alitalia

Luca di Montezemolo may be 67 years old, but he's not quite ready to retire just yet. Not, at least, if the latest reports emanating from Italy are to be believed. According to Reuters, the longtime former Ferrari chief is due to be named chairman of Alitalia.
The troubled Italian airline is on the verge of being bailed out after years of financial difficulty, with Etihad Airways of the United Arab Emirates set to take a 49-percent stake in the company. While the reports have yet to be confirmed by the parties involved, Reuters cites multiple inside sources in revealing that the airline's board met last week and agreed to appoint Montezemolo as chairman, with current Etihad chief James Hogan to act as chief executive officer.
Montezemolo, of course, long served as chairman of Ferrari, having assumed leadership of the company not long after founder Enzo Ferrari died. He also served as chairman of the Fiat group for several years after the passing of Umberto Agnelli, and has headed numerous trade organizations and sporting bodies. But his tenure at Ferrari and the broader Fiat Chrysler Automobiles empire came to an end two months ago when clashes with Fiat chief Sergio Marchionne saw Montezemolo step down.

Glickenhaus' FIA championship-winning P4/5 Competizione comes home [w/video]

The sexy Ferrari P4/5 Competizione, a cross between the lightweight F430 Scuderia and the race-only F430 GT2 with special Pininfarina bodywork, spent some time in Europe notching a few race victories. But it finally has made its way back to the US and into owner Jim Glickenhaus' collection, where it met its sister car and inspiration, the original P4/5.
During its short-but-sweet two-year racing campaign, it competed in just two races but left a big impact. We'd call any lap of the Nürburgring that's under seven minutes a victory, but, with the help of a hybrid drivetrain, the P4/5C qualified for the 2012 Nürburgring 24 Hours with a lap of 6:51. That's faster than any Ferrari-powered vehicle has ever gone around the 'Ring. The car then went on to win the EXP-1 class (for experimental vehicles), for a World Championship, and finished the race 12th overall in a field of 170 cars. Not bad at all.
For those who haven't kept up on the P4/5C, the hybrid powertrain was introduced to the one-off racecar for 2012 after it had attempted the Nürburgring 24 Hours in 2011 with negligible results. A Ferrari 4.0-liter V8 was joined by a Formula One-style Kinetic Energy Recovery System (KERS), good for a combined 563 horsepower.

1954 Ferrari 375 MM Scaglietti Coupe named Best In Show at Pebble Beach Concours d'Elegance

For the first time in the event's 64-year history, the prestigious Best In Show honor at the Pebble Beach Concours d'Elegance has been awarded to a Ferrari. The 1954 375 MM Scaglietti Coupe seen here is owned by car collector Jon Shirley of Medina, WA, and as it turns out, has quite a rich history.
Nevermind the fact that it's currently one of five road-going 375 MMs - this example was ordered by film director Roberto Rossellini, and was actually born as a Pininfarina-bodied competition Spyder. Following an accident, the car's original body wasn't able to be saved, but the chassis was sent to Carrozzeria Scaglietti in Modena for replacement, and the finished product became the company's first passenger car design for Ferrari.
Following its tenure with Rossellini, the car was owned by Mario Savona of Palermo, and later Charles Robert of Paris. Years later, the car was restored by its current owner in 1995, after being found in an underground garage in a Paris suburb.