STP RETURNS TO ITS RACING ROOTS WITH FERRARI F458

International motorsport is once again the focus for the engine care experts through an alliance with the benchmark Italian AF Corse team, and the young British driver duo of Daniel Brown and Glynn Geddie.  Full Story
 

FERRARI SHAREHOLDERS' MEETING: (Maranello, March 23rd 2011)

2010 BALANCE SHEET AND DISTRIBUTION OF 200 MILLION IN DIVIDENDS APPROVED
BOARD OF DIRECTORS CONFIRMED FOR FURTHER THREE-YEAR PERIOD WITH NOCHANGES

Maranello, March 23rd 2011 – The Annual Meeting of Ferrari Shareholders took place today under the chairmanship of Luca di Montezemolo. The Meeting approved the 2010 balance sheet which showed excellent results. As anticipated in recent weeks, Ferrari posted revenues of 1.919 million euro (+7.9%), while trading profit increased 26.9% to 302.7 million euro. Profitability improved too with a ROS (Return On Sales) of 15.8%. The company's industrial net cash stands at a record 630.8 million euro. These results saw dividend distribution for the financial year 2010 approved to the tune of 200 million euro in total. The order of business also included the appointment of the Board of Directors. The Meeting confirmed all of the outgoing members for the three-year period 2011-2013. The board is thus made up of the following: Luca di Montezemolo, Piero Ferrari, Amedeo Felisa, Khaldoon Khalifa Al Mubarak, Alfredo Altavilla, Alessandro Gianni Baldi, Diego della Valle, Christopher Gent, Sergio Marchionne, Paolo Monferino, Lindsay Owen-Jones, Marco Piccinini and Sergio Pininfarina. The Board of Directors met immediately afterwards and confirmed Luca di Montezemolo as Chairman, Piero Ferrari as Vice Chairman and Amedeo Felisa as CEO, assigning to them their relevant roles.
 

Authenticating Your Ferrari Through the Classiche Program

Skeets Dunn has owned more than 125 Ferraris and had about 40 restored, and his daily driver is a 550 Maranello, so you could say he knows an authentic collectible Ferrari when he sees one. Since 2007, however, Dunn and many other Ferrari owners and collectors have turned to the factory's Classiche Program, which is available through authorized Ferrari dealers, to authenticate and certify their treasured machines.

Dunn described the ongoing problem of individuals trying to replicate rare and highly valued Ferraris using parts from more widely produced models, and pointed out that Classiche certification can help identify and filter out the fakes. Dunn owns an original 365 GTS/4 Daytona Spider and said that some sellers continue to try passing off Spiders converted from coupes as originals.

"Classiche certification is like an additional insurance policy," Dunn said. "If someone comes up with a car with the same serial number, it's not going to have the correct engine number, transmission number or the right internal number in the motor," he said. "Classiche is a good process. It adds to the authenticity of what you own, and to the car's value, I feel." Dunn has encouraged friends to put their Ferraris through the program, as well.

Ferrari collector Mike Alessandro also believes the Classiche Program can help support a collectible Ferrari's value. "It settles issues that might otherwise have people arguing about forever," he said, explaining that some very rare Ferrari models, including a few he has owned, can stir debate. As an example, his 275 GTB/4, which was Ferrari's Paris Auto Show Car in 1967, has an external fuel filler, like the very rare competition model, but it is purely a road model. Alessandro said the original build sheets showed this to be a correct feature for this particular car, and the car was certified through Classiche. The special 275 GTB/4 also has the original green-tinted headlights installed to conform to French regulations.

Likewise, Alessandro's 250 GT California SWB, which he's since sold, was the first one built and had several differences from those that followed, including a metal dashboard. Here again, the Ferrari Classiche Program authenticated and certified the car, settling any debate. "Every serious collector knew I owned that car," said Alessandro. "But when I sold it, it was important to the buyer that it had Classiche certification." Alessandro has also had a Daytona Spider and a 246 Dino "Chairs and Flares" model certified, among others.

FERRARI'S A FORZA TO BE RECKONED WITH

Historics' forthcoming sale at Brooklands promises a feast for fans of the Ferrari marque, with no less than 10 cars spanning 35 years, and a combined value of over £750,000, up for auction on Wednesday 18th May Full Story
 

Great success for new FF's World Premiere via web

Maranello, 23 February - The special premiere was followed by fans from all over the world, discovering the technical details and the versatility of the latest model from Maranello. The next date is set for 1st March in Geneva at the Ferrari stand, where the new car from the Prancing Horse can be seen from close up. see Ferrari FF

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