Ferrari names Fiat Chrysler chief Marchionne as CEO

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MILAN (AP) Sergio Marchionne took full control of super sports carmaker Ferrari NV, adding the CEO title on Monday to that of chairman as he positions the carmaker in the luxury goods space and seeks to regain Formula 1 glory.

Marchionne’s replacement of CEO Amedeo Felisa came as Ferrari posted its best first-quarter earnings ever, a 19-percent increase in net profit to 78 million euros ($89.5 million). That compares with 65 million euros in the same period last year.

“I remain as bullish on the prospects for this company as I was when I present Ferrari to the markets,” Marchionne, who is also CEO of mass-market carmaker Fiat Chrysler, told an analyst conference call. “We are just now beginning to define the true potential on the passenger car side of what this house can deliver.”

Marchionne engineered the luxury carmaker’s spin off from mass carmaker Fiat Chrysler, after longtime chairman Luca Cordero di Montezemolo stepped down over differences in strategy. He also launched public offerings in New York and Milan.

Marchionne renewed his pledge to enter the luxury goods space, beyond cars and more exclusive than the Ferrari-branded caps and watches already available, saying the first offerings would be available to the public in 2017, Ferrari’s 70th anniversary. He declined to be more specific.

Ferrari this quarter signed a non-binding memorandum of understanding to build a new Ferrari theme park in China, the location of which is still to be decided. It already operates a theme park in Abu Dhabi and has plans to open another in Barcelona.

Another key part of his brand strategy is getting the Ferrari Formula 1 racing team back into the winner’s circle. While Ferrari has placed in the top three in four races this year, it has yet to win.

“We have to correct his quickly,” Marchionne said.

The carmaker, based in the northern Italian city of Maranello, said shipments for the three months ending March 31 grew 15 percent to 1,882. Ferrari limits production to safeguard exclusivity, but Marchionne has said that numbers could nudge up to 9,000 units annually by 2019, with sales of 7,900 projected for this year.

Deliveries rose 24 percent in Europe, its strongest region, to 950 units and just 2 percent in the Americas to 523 units.

Revenues were up nearly 9 percent in the quarter to 675 million euros on sales of the newly launched 488 GTP and 488 Spider. The company also made more money on customizing cars, which Marchionne said was “the most financially rewarding part of the car market,” as well as sponsorships and selling branded goods, which it attributed to Ferrari’s improved Formula 1 performance in 2015 vs. 2014.

Debt dropped to 782 million from 797 million at the end of 2015.

Based on the results, Ferrari raised 2016 forecasts to net revenues around 3 billion euros, up from above 2.9 billion euros and net industrial debt at or below 730 million euros from below 750 million euros.

The 69-year-old Felisa, who is retiring after 26 years at Ferrari, will retain a seat on the board at Ferrari. He became Ferrari CEO in 2008 and formerly was head of product at Alfa Romeo.

Supercross 2023: Results and points after Houston

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Eli Tomac led all 23 laps of the Monster Energy Supercross race at NRG Stadium in Houston, Texas and the results show he now has three wins in the season and is one shy of tying Ricky Carmichael’s 48 for third on the all-time list. With this win, he takes a seven point lead in the standings with 12 rounds remaining.

For Tomac at Houston, it was literally a tale of two races. Both his heat and the main started the same with Tomac grabbing the holeshot, but he was passed quickly by Chase Sexton in the heat. Tomac faded quickly after getting passed and was trailing by almost eight seconds at the checkered flag, which caused him to retreat to the hauler and reassess his lines. Without making any adjustments to the bike, Tomac entered the Main with a new attitude, and simply rode better.

Supercross Results Houston
Chase Sexton played it safe in the sand, but he was aggressive in every other turn. – Feld Motor Sports

Sexton had so great a lead in his heat that one could not even use the cliche that he left Tomac in his dust. By the time the rider with the No. 1 plate crossed the same real estate as the No. 23, the dust was well settled. Sexton had a modest start on the initial gate drop and ended Lap 1 in fourth. He worked his way past Aaron Plessinger on Lap 3 and got around Jason Anderson three laps later. Sexton was able to catch Tomac and pressure him, but he picked a safe, i.e. slow line through the sand section and could never get alongside his rival.

RESULTS: Click here for 450 Results; Click here for full 250 East Main Results

After starting the season with back-to-back seventh-place finishes, Anderson now has a pair of podiums. He won his heat and was easily one of the top three riders in the field, ultimately finishing behind the riders who finished 1-2 in the other preliminary. Anderson was subdued on the podium – happy he was there, but disappointed he has not yet found a way around the riders he is chasing in the points.

In the early stages of the race, Plessinger appeared to have a bike capable of winning. He pressured Tomac on the first two laps and was setting up the pass just as a red flag waved for an injury to Dylan Ferrandis that brought out a red flag. He lost second to Anderson on the restart and eventually slipped to fourth to score his first top-five of the season.

Click here for 450 Heat 1 | Heat 2 | Last Chance Qualifier

Cooper Webb rounded out the top five. Along with Sexton, he is now one of just two riders with a sweep of that mark in 2023, but with Tomac’s three wins, he is beginning to slip in the points. Webb sits third in the standings, 12 points behind the leader.

Ken Roczen entered the race as the third rider with a sweep of the top five and progressively better results in the first three races of 2023. Had the pattern held, he would have finished at least second, but he struggled for most of the night, finishing fifth in his heat and eighth in the Main. There may have been extenuating circumstances, however. Ferrandis’ injury was suffered when he landed on the back of Roczen’s bike and potentially damaged the No. 94 Suzuki.

Click here for 450 Main results | Rider Points | Manufacturer Points | Lap Chart


The 250 East division made their 2023 debut in Houston, but the name atop the board was familiar. Hunter Lawrence joined his brother Jett Lawrence as the early points’ leader in their respective divisions, but it didn’t come without a little anxiety.

Riding behind Supercross newbie Tom Vialle on the second lap, Lawrence was forced to take evasive action when the leader pitched his bike sideways to scrub speed over a jump. Lawrence veered left and landed off course, but he cleared the Tuff Blox and kept his bike straight. Lawrence made the pass for the lead on Lap 18 and never relinquished it.

Click here for 250 Heat 1 | Heat 2 | Last Chance Qualifier

In his first attempt on a 250, Max Anstie ascended to the podium. – Feld Motor Sports

England’s Max Anstie made the move from 450s to 250s this year after scoring a best result of 11th on the big bike at Anaheim 2 last year. It didn’t take anytime at all to find the front for Anstie, who finished second in both his heat and main.

It has been a while since Jordon Smith stood on the podium: February 23, 2019 to be exact when he finished that well in Detroit. A series of injuries kept him off the bike for much of 2020 and 2021, but he’s proving to be a factor when he’s healthy.

Click here for 250 Main results | 250 East Rider Points | Combined Rider Points | Lap Chart

There was a lot of hype surrounding the debut of Haiden Deegan in the 250 class and he proved it was merited. He finished fourth in his heat and main. He was as far down as ninth at one point in the feature before slowly picking off riders on his way to the front.

Jeremy Martin finished fifth and now has a streak of three consecutive top-fives to his credit stretching back to last year. Unfortunately, his pair of strong runs in 2022 were interrupted by injury.

Making impressive debuts in the 250 division, Vialle recovered from a fall to finish seventh, Chance Hymas finished eighth, and Talon Hawkins just missed the top 10 with an 11th.

2023 Results

Race 3: Chase Sexton, Levi Kitchen win
Race 2: Eli Tomac, Jett Lawrence win
Round 1: Tomac, Lawrence win

2023 SuperMotocross Power Rankings

Week 3: Ken Roczen takes the top spot
Week 2: Roczen moves up; Chase Sexton falls
Week 1: Eli Tomac tops 450s; Jett Lawrence 250s