A record second quarter, on the way to another record year
Posted: 02.08.2016 Source: Ferrari
• Total shipments reached 2,214 units, up 8% (+155 units)
• Net revenues grew 5.9% (+6.2% at constant currencies) to Euro 811 million
• Adjusted EBIT of Euro 156 million, 310 bps margin increase
• Adjusted net profit up 35% to Euro 104 million
• Net industrial debt at Euro 763 million, better than March 2016
Maranello (Italy), August 2nd, 2016 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results for the second quarter and six months ended June 30, 2016.
Shipments totaled 2,214 units in Q2 2016, up 8% from the previous year. This performance was driven by a 16% increase in sales of our 8 cylinder models (V8), led by the success of the two newly launched models: the 488 GTB and the 488 Spider. Shipments of the 12 cylinder models (V12) were down 22% due to the phase-out of the FF, the F12berlinetta now in its 5th year of commercialization and LaFerrari that finished its limited series run. This was partially offset by the introduction of the new F12tdf.
The EMEA and Greater China regions experienced a sound year-on-year growth with shipments increasing respectively by +14% and +26%, Americas recorded a slight improvement whereas Rest of APAC remained in line with the previous year due to 488 Spider and F12tdf having just arrived on the market.
Net revenues for Q2 2016 were Euro 811 million, an increase of Euro 45 million or 5.9% (+6.2% at constant currencies) from Q2 2015. Higher net revenues in Cars and spare parts (Euro 589 million, +2%) were due to increased volumes led by new models 488 GTB, 488 Spider,F12tdf, the non-registered car FXX K and the final deliveries of the F60 America, a strictly limited edition car, along with a higher contribution from personalization, which was partially offset by lower sales of LaFerrari. The rebound in Engines (Euro 71 million, +24%), was mainly attributable to higher rental revenues from other Formula 1 Teams. Sponsorship, commercial and brand (Euro 117 million, +14%) was up mostly due to better championship ranking, higher sponsorship revenues and positive contribution from brand related activities.
Adjusted EBIT was Euro 156 million, up Euro 32 million (+26%) from Q2 2015 as a result of higher volumes, thanks to the newly launched 488 GTB, 488 Spider and the F12tdf as well as a positive margin contribution from our personalization programs. Mix was negatively impacted (Euro 25 million) by higher V8 versus V12 range models with LaFerrari that finished its limited series run, partially offset by the non-registered car FXX K and the final deliveries of the F60 America, a strictly limited edition car (only ten units) manufactured to commemorate the 60th Anniversary of Ferrari in North America. Research and development costs and industrial costs showed a decrease of Euro 11 million mainly due to lower D&A for the 458 family and LaFerrari phase-out coupled with efficiencies on production costs partially offset by F1 costs. The Selling, general and administrative costs were substantially in line with the previous year as the combined result of new store openings, new model launches and corporate costs offset by bad debt in Q2 2015. Other recorded a positive contribution of Euro 14 million thanks to Sponsorship, commercial and brand as well as other supporting activities.
Adjusted EBIT excludes charges of Euro 10 million due to the worldwide Takata airbag inflator recalls.
Tax rate dropped to 30.7% in Q2 2016 vs. 33.5% in Q2 2015 as a result of the Italian Government’s decision to reduce the nominal tax rate from 27.5% to 24% by 2017.
As a result of the items described above, adjusted net profit for Q2 2016 was Euro 104 million, up Euro 26 million (+35%).
Industrial free cash flow for the three months ended June 30, 2016 was Euro 145 million, primarily driven by a strong increase in cash flow from operating activities, including a positive change of working capital and timing effect of advances on the new open-top LaFerrari, partially offset by capex and the first 2016 tax advance. Q2 2015 industrial free cash flow included a Euro 116 million one-time cash in-flow related to the final reimbursement by Maserati of its inventory in China.
Net industrial debt at June 30, 2016 was Euro 763 million, better than from Euro 782 million at March 31, 2016, thanks to industrial free cash flow generation offset by cash distribution for Euro 87 million paid to the holders of common shares and Euro 13 million dividends paid to NCI.
The open-top LaFerrari: the new special limited-edition series
On July 5th, 2016 Ferrari unveiled the first images of the open-top LaFerrari, the new limited-edition special series. The new model, already pre-sold, will be presented during the Paris International Motor Show in October 2016. The open-top LaFerrari will be provided with a removable carbon-fiber hard top and a removable soft top aimed at customers and collectors who refuse to compromise on the joy of plein air driving even when at the wheel of a supercar.
On July 7th, 2016 Ferrari with Luxottica Group announced the signing of a sponsorship agreement for the Ray-Ban brand to appear on the SF16-H Formula One cars.
He has died aged 73, having driven for the Scuderia in 27 GPs
Maranello, 3 August – The New Zealand racing driver Chris Amon has died of cancer at the age of 73. He is acknowledged as one of the most talented racing drivers of all time, despite the fact that he never won a Formula 1 Grand Prix, out of a total of 108 in which he took part. He drove 27 of them for Scuderia Ferrari from 1967 to ’69, taking three pole positions in the 312 F1. However, all too often, when heading for the win, a mechanical failure or some unbelievable problem, robbed him of victory. Amon won the 1969 Tasman Series in Maranello’s Dino 246, beating drivers of the calibre of Jochen Rindt, who went on to be F1 world champion (posthumously) the following year and Piers Courage. He did take a memorable win, paired with Lorenzo Bandini at the wheel of a 330 P3/4 in the 1967 Daytona 24 Hours, the race that will be remembered for having the three Ferraris cross the line in formation.
Maranello, 2 August – Pirelli has completed its first two day test session evaluating 2017 specification wet weather tyres at Fiorano. Sebastian Vettel drove yesterday and today it was the turn of Esteban Gutierrez to get behind the wheel of the SF15-T. The Team Haas F1 driver completed 165 laps. The programme was a replay of yesterday’s with a handful of installation laps on dry tyres, before switching to Intermediates and Wets on the artificially watered track.
The future takes to the track
Posted: 01.08.2016 Source: Ferrari
First day of testing with the 2017 Pirelli tyres
Maranello, 1 August – Sebastian Vettel drove an SF15-T today at the Fiorano track, in the first of a series of test sessions that Pirelli is undertaking, using the wider tyres to be adopted as from 2017. A series of runs was completed, using various specifications of wet weather tyres, thanks to the artificial watering system fitted at this track. The German did 120 laps and tomorrow he hands over to the Haas F1 Team driver, Esteban Gutierrez, for the second and final day of this test.
Pirelli’s 2017 Tyres make their debut on Track
Posted: 01.08.2016 Source: Pirelli
FIRST TEST WITH SCUDERIA FERRARI:
SEBASTIAN VETTEL TESTS AT FIORANO
THE WIDER WET TYRES FOR NEXT SEASON
Fiorano, August 1, 2016 – The testing programme with the new wider Pirelli P Zero Formula 1 tyres for 2017 begins today at Fiorano in Italy. Sebastian Vettel takes the wheel of a Ferrari SF15-T that has been specifically modified to simulate the new aero rules and to accommodate tyres in 2017 size. The four-time world champion will test all day before handing the car over to Haas F1 driver Esteban Gutierrez on Tuesday 2 August.
THE PROGRAMME. Following a few installation laps on slick tyres in the morning, Vettel will then try wide Pirelli intermediate and full wet tyres on an artificially dampened surface. With a tread that is 25% wider than the current size, particular care is required when it comes to research and development of wet weather tyres, which are capable of evacuating even more water. The development work on both intermediate and full wet tyres will be continued by Gutierrez on Tuesday.
DIMENSIONS. The 2017 rules impose the following dimensions for slick tyres:
305/670-13 at the front (currently 245/660-13)
405/670-13 at the rear (currently 325/660-13)
The Cinturato intermediate will have a diameter of 675 mm while the Cinturato wet will have a diameter of 680 mm.
The wheel size remains unchanged at 13 inches.
SLICK TYRE TESTING. Red Bull will be the first team to try the 2017 size slick Formula 1 tyres. This dry weather test will take place on 3-4 August at Mugello in Italy, and it will mark the final test before the summer break. The development programme will begin again in September, when Mercedes (the third Team providing a modified car for testing purposes) will take to the track at Paul Ricard in France.
PROGRAMME. Each of the three Teams taking part (Mercedes, Ferrari and Red Bull) will undertake a total of eight days of testing per car between now and the end of November. Each Team will have exactly the same amount of testing as each other for wet and intermediate tyres (two days) as well as slick tyres (six days). The final day of testing for all three Teams will be in Abu Dhabi on Tuesday 29 November, two days after the final grand prix of the 2016 season
CALENDAR BY DATE
TEST ON MULE CARS – 2017 SIZES
The first time at Fiorano
Posted: 01.08.2016 Source: Ferrari
2017 wet tyre testing
Maranello, 1 August 2016 – Today the Pirelli P Zero tyres that will be introduced for the 2017 Formula 1 World Championship will make their track debut at the Fiorano circuit. They feature a different tread that is 25% wider than the current tyres and the dry specification will only be used for two installation laps. The rest of the day will be given over to evaluating the Intermediates and Wets, running on the artificially watered track. At the wheel of an SF15-T, specifically modified to give the level of aerodynamic downforce expected from next year’s cars and adapted to run the new tyres, will be Sebastian Vettel. Tomorrow, driving duties will be taken over by the Haas F1 Team driver Esteban Gutierrez.
Ferrari invited preliminary contract customers on an ‘Italian Journey with Ferrari’
July 27, 2016 – FMK hosted the “Italian Journey with Ferrari” event for Ferrari’s customers who have signed a preliminary contract to purchase a Ferrari. This event was organised not only to share Italian cuisine and wine experience but it is also about Ferrari’s own special culture.
Held at the Banyan Tree Club & Spa Seoul, FMK wanted to show their gratitude to the customers who have been waiting for the delivery of their Ferraris because of the marque’s thorough policy on limited order production and to communicate on its various special programs available to Ferrari owners.
At this event, Alberto Mondi, a popular Italian TV celebrity, personally introduced a few famous Italian cities including Milan and Rome and shared his experience of touring the Ferrari Factory which he recently visited. Furthermore, the guests were given a chance to experience the country’s traditional food and wine at a banquet specially prepared for them.
In addition, Louis Colmache, Head of Ferrari Corse Clienti Asia Pacific, introduced the special programs that are available for Ferrari owners. These include the Ferrari Challenge Race, a world-class one-make series race, and Corso Pilota, the Ferrari Official Driving program. Notably, Junghoon Youn, a Korean actor and a Challenge driver, shared his firsthand experiences competing in the races, receiving very positive responses from the crowd.
The Ferrari 488 GTB and 488 Spider, introduced last year in Korea, were on display to grab customers’ attention. With its extreme power for extreme driving pleasure, the V8 Turbo engine installed in the 488 GTB generates 670 hp of maximum output at 8,000 rpm and achieves 760Nm of maximum torque at 3,000 rpm. Also, 488 Spider is the open top version model with the Ferrari-patented RHT(Retractable Hard Top).
Scuderia and James Allison jointly decide to part ways
Maranello (Italy), July , 2016 – Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) announces that after three years of working together, Scuderia Ferrari and James Allison jointly decided to part ways.
Maurizio Arrivabene, Team Principal of Scuderia Ferrari, commented as follows:
“The Team would like to thank James for his commitment and sacrifice during the time spent together, and wishes him success and serenity for his future endeavors.”
James Allison stated:
“During the years I spent at Ferrari, at two different stages and covering different roles, I could get to know and appreciate the value of the team and of the people, women and men, which are part of it. I want to thank them all for the great professional and human experience we shared. I wish everybody a happy future with lots of success.”
Mattia Binotto will take on the role of Chief Technical Officer at Scuderia Ferrari.
Maurizio Arrivabene: ”While one week ago, in Hungary, our race pace was totally respectable, here in Hockenheim we experienced again some issues with both mechanical grip and downforce, which unfortunately are not unknown to us. Obviously, we must react as quickly as possible to cure these problems and most of all we must lose not to too much time in the process. Having been jumped in the Constructors’ championship only pushes us to react, and perform better in the second part of the season, after the summer break.”
Kimi Raikkonen: ”It was a very quiet and boring race, nothing much happened. At the start I had some wheelspin and lost one position on Sebastian. With new tires the car felt pretty ok but then I was starting having understeer and oversteer, as basically we lacked grip. In the last stint we had to do fuel saving so there was not much to do. Obviously we have to improve the car in all areas, if we add downforce it will definitively help us. We all want to do better and it’s painful to see that we are not where we want to be, but I believe in the team. We need some time and hard work and we’ll get there. It’s important for us to find improvements and work as a group.”
Sebastian Vettel: ”We’re usually faster in the race than we are in qualifying, but this wasn’t the case today: we were sliding around too much and this affected the tires as well. Fifth and sixth place was the best we could do but we obviously can’t accept that, we will be working to improve and we know what to do, the stuff that’s coming up for the next races has always been part of our plan. The first part of the season didn’t go as we wanted, we need to work on ourselves and I, for one, had too many ups and downs which cost me some points. But we’ll keep fighting. As for today’s race, the decision to fit Softs in the end was a pretty straightforward one, as we had a new set available. I decided to stay out for some more laps as I did not want to go too long with the last set, with hindsight it was probably a too conservative choice as we would have had a chance to put some pressure on the car ahead. The atmosphere today, with all the German and the Ferrari flags, was incredible and from this point of view it was my best home Grand Prix ever!”
German Grand Prix – Vettel and Raikkonen in the top 6
Posted: 31.07.2016 Source: Ferrari
Sebastian finishes fifth, one place ahead of Raikkonen
Hockenheim, 31 July – Sebastian Vettel finished his home race, the German Grand Prix at Hockenheim in fifth place, crossing the line four seconds ahead of sixth placed team-mate Kimi Raikkonen. Lewis Hamilton stood on the top step of the podium, the winner for Mercedes.
German Grand Prix – Hockenheim, 30 July
Posted: 30.07.2016 Source: Ferrari
Kimi Raikkonen: ”Our car was behaving pretty nicely today and I was happy with the handling. My last try in Q3 was a bit more tricky, I was struggling a little bit with the feeling from the tires, but apart from that we had no massive issues. I don’t have much to complain from the behavior of the car, we are just lacking speed overall. We need to put more downforce in the car to go faster. This result is disappointing, finishing fifth and sixth it’s not ideal, but this is what it is right now, and we keep working to improve. Usually the race is our stronger side, but every circuit is different. Tomorrow it’s a new day, we’ll do our own race, you never know what is going to happen. We need to make a good getaway from the start and hopefully take the fight to the guys in front, and then do our best.”
Sebastian Vettel: ”I am not happy with 6th position, it was a difficult session. In the moment I tried to do the best, we didn’t get everything together. Somehow we lost a bit and now we need to understand what happened this afternoon. I was reasonaby happy with my lap, but it wasn’t quick enough, there was a bit of time we lost here and there, overall we struggled a bit to extract the pace from the car. The balance didn’t come together in qualifying, it was better this morning and yesterday. We know the car can be quicker, but we didn’t manage to get it in the right window, that’s our job and we didn’t succeed. I’m sure that tomorrow we’ll be competitive, but again we start a little bit from the back foot, so it will be tough because here it’s not easy to overtake. I think we don’t have to hide, in terms of race pace we are fast, then it should be an interesting race.”
German Grand Prix – The Scuderia on Row 3
Posted: 30.07.2016 Source: Ferrari
Raikkonen qualifies fifth, Vettel is sixth
Hockenheim, 30 July – There will be an all-red third row on the grid for the German Grand Prix. Come the end of today’s qualifying at Hockenheim, Kimi Raikkonen set the fifth fastest time of 1.15.142, with Sebastian Vettel right behind him in sixth in 1.15.315. Nico Rosberg will start from pole, having set the fastest lap of 1.14.363 in his Mercedes.
German Grand Prix – Close lap times
Posted: 30.07.2016 Source: Ferrari
Kimi (4th) two tenths ahead of Sebastian (5th) just two tenths behind the fastest
Hockenheim, 30 July – With the final free practice session wrapped up at the Hockenheimring, preparations can now be regarded as complete for qualifying to decide the grid for the German Grand Prix. Just two tenths of a second separate the lap times of Kimi Raikkonen (1.15.902) and Sebastian Vettel (1.16.104), fourth and fifth fastest respectively. Kimi’s lap was less than two tenths slower than the fastest time set by Nico Rosberg in 1.15.738, with his Mercedes team-mate Lewis Hamilton second in 1.15.795. The Ferrari duo did an out-in lap on the Medium tyres, before running two sets of Supersofts, the quickest tyre Pirelli has brought to Germany.
German Grand Prix – Hockenheim, 29 July
Posted: 29.07.2016 Source: Ferrari
Kimi Raikkonen: ”On Friday it’s always difficult to have a clear idea of where you are, from tomorrow we’ll understand more, but the session today was not too bad. For sure there’s some work to be done to improve, but more or less we are about there. Obviously we want to be in the front, so this evening we are going to focus on fixing some things and improve in certain areas, then I’m sure we’ll be ok.”
Sebastian Vettel: ”Overall the outcome of the two sessions has been positive, but we still need to improve our car overnight and do some steps forward. I think the one-lap speed was ok, I haven’t seen much from the long runs, I have spent most of the afternoon on Soft tires and they were lasting quite long, so I think overall it was ok but we still have to improve. We have to work on the set up of the car, and bring it a bit better together, so that the car feels better for me on track and it suits my driving, then I can attack better and more. As for the new rules on radio communications, it makes it easier for us, in terms of remembering, so I think it is a straightforward decision.”
German Grand Prix – Ferrari third again
Posted: 29.07.2016 Source: Ferrari
Vettel and Raikkonen run different tyre programmes
Hockenheim, 29 July – Sebastian Vettel was again third in his SF16-H with a time of 1.16.208 in the second free practice session at the Hockenheimring, in the run up to the 62nd German Grand Prix. At the end of the session, spent as usual evaluating the different tyre compounds’ suitability for qualifying and the race, Sebastian completed 39 laps, alternating between Soft and Supersoft tyres, before doing a final long run on the Softs. Kimi Raikkonen ran a slightly different programme, also completing a long run on the softest compound. The Finn completed 45 laps, the best in 1.16.512. Quickest was the Mercedes duo of Nico Rosberg (1.15.614) and Lewis Hamilton (1.16.008.)
German Grand Prix – “We’re focused on present and future”
Posted: 28.07.2016 Source: Ferrari
Seb confirms team policy after staff changes
“There was a big change inside the team, which doesn’t impact so much here or tomorrow, but you definitely will see the changes in the future. I think Mattia has been around for a long time and it’s not a proper replacement. It’s a sort of different approach, hopefully for the better, but I think we are going in the right direction. The 2017 project is already fully in progress, we’re trying to do a lot and but the same time we’re still focusing on this year, because there are a lot of things for us to learn and to take into next year, even though a lot of the rules will change and the cars will look very different. It’s true that this year we expected a lot more, we had a very good season last year and we wanted to close the gap to practically nothing but so far we haven’t succeeded. There are some reasons we had understood, some other we still have to find, but overall we had made progresses. We had a rough start, races are not going our way and we are not yet where we want to be, Ferrari belongs to the top and that’s what we are trying to achieve and for every single race, for every championship that we start. As for this weekend, racing here is something special: Hockenheim is a very short distance to my birth place, Heppenheim. I like the track, I’ve been running here a lot when I was younger and hopefully the first time with Ferrari I can have a great race. We’re aiming at a podium, I think we should be strong this weekend.”
German Grand Prix – “Need a good qualifying lap”
Posted: 28.07.2016 Source: Ferrari
Kimi knows how to exploit the potential of the SF16-H
“I think that if we manage to put a good lap together and do our maximum in qualifying, then I’m sure that we’ll be more or less there in front. This should make our race easier and probably we can use our speed. We know where we are in the Championship and this is not the position we want to be, we want to be at the top, but so far we haven’t got what we aim for as a team, myself included. We know the areas we have to improve to get there and it’s not easy, we keep working hard and improving things and try to be as soon as we can in the position. Regarding James Allison leaving the team, it’s not my job to comment and to be honest I don’t want to get involved because I have a great respect for him.”
German Grand Prix – The excitement of racing “at home”
Posted: 26.07.2016 Source: Ferrari
Vettel: “I know Hockenheim well, it’s a very technical track”
Maranello, 26 July – For the final race weekend prior to the summer break, Formula 1 is back in the forests around Hockenheim in the north of Germany’s Land Baden- Württemberg region. The German Grand Prix was first held here in 1970 and it is back this year after the 2015 event was cancelled because of financial problems. Since the major makeover of 2002, when the very long straights were dispensed with, the track has remained unchanged. However, there is the unknown factor that the only data available dates back to 2014, the first year of the new hybrid era. It will be an exciting weekend for Sebastian Vettel, making his first appearance in his home race at the wheel of a Ferrari – his home town of Heppenheim is just over 30 kilometres away from the track: “I think it is nice to come back after last year, when we didn’t have a German Grand Prix. I think it is great to go back to Germany and be able to race. Being German, I think that for all the German drivers it is a privilege to go to your home country and race in front of your home crowd, so I am definitely looking forward to it. It is the first time for me with a Ferrari car, so I think it should be a special feeling turning up. I think I know the track itself quite well from junior categories. I raced there a lot. I usually like it and hopefully we can be very competitive. I think it is a good mix, there is everything a driver can ask for. It is quite technical, not that easy to get everything right, and quite tough also to find the right balance of the car because you have so many corners and different speeds, but it is definitely a fun place.”
Rome, 26 July 2016 – The Ferrari Store is reopening on Via Tomacelli in the heart of Rome. The address remains the same, but this long-term symbol and landmark for fans of the Prancing Horse has been given a total makeover. The concept of the space, which covers an area of 400 square metres, draws on and reinterprets the values of the Maranello based company. Ferrari’s sporting spirit is emphasised by the product lines, from the most technical to the clothing collections inspired by our gentleman drivers, and by an entertainment area that will soon be enriched with the latest generation of F1 Simulators. With its five large display windows, the Rome store is the third largest directly operated Italian flagship after those of Maranello and Milan.
Maranello, 26 July – Ferrari Driver Academy and Tony Kart have reached a collaborative agreement by which Tony Kart becomes a technical partner of the FDA. Both parties will focus on the common goal of seeking out new motorsport talent, educating and instructing those selected to aid their professional development. ”The Ferrari Driver Academy has the clear aim of training drivers for the very highest level of motor sport” Head of FDA Massimo Rivola said. “Being able to work with very young talented drivers is definitely the right way to go about this. The experience and competence of Roberto Robazzi in this area is proven by past results, as well as through Sebastian’s history and that of Michael before him. As from today, the FDA therefore expands its sphere of activity by joining forces with a company that is part of Karting history.”
Cavallino Motors, the official Ferrari importer in Thailand, has organised a driving trip for California T clients to The Ayutthaya Historical Park. This site covers the ruins of the old city of Ayutthaya, Thailand. The city of Ayutthaya was founded by King Ramathibodi I in 1350. The city was captured by the Burmese in 1569; though not pillaged, it lost many valuable and artistic objects. It was the capital of the country until its destruction by the Burmese army in 1767.
In 1991, a part of Ayutthaya Historical Park was declared a UNESCO World Heritage Site under criteria III as an excellent witness to the period of development of a true national Thai art.
The objective of this drive was for clients to meet new friends and to share their love of the California T. The Ferrari California T owners met at Cavallino Motors in the morning for breakfast before starting on their drive together to Ayutthaya approximately 90km away. Once they have arrived at their destination, the group stopped for lunch at Sala Ayutthaya restaurant where they enjoyed a variety of food, before heading back to Bangkok.
This driving event elicited positive enthusiasm from the clients as it was seen as an avenue of friendship among Ferrari California T owners. Cavallino Motors will continue to organize similar memorable driving activities to offer the ultimate Ferrari driving experiences to their clients.
Peninsula Classics Best of the Best Award Announces Finalists and Judges
Posted: 27.07.2016 Source: The Peninsula Classics Best of the Best Award
Carmel-by-the-Sea, Calif., July 27, 2016 – In its milestone move to reinvigorate the tradition of celebrating the international motoring world’s top accolade for most exceptional classic car, The Peninsula Hotels today announced the six extraordinary vehicles that will be eligible to receive the inaugural The Peninsula Classics Best of the Best Award.
The award will bring together the 2015 best of show winners, ranging from early production to mid-1960s Italian race cars, from six of the top concours events around the globe to compete for the title of the most exceptional car in the world.
The ultimate winner of The Peninsula Classics Best of the Best Award will be announced at a private dinner during the prestigious historic Monterey Car Week on Tuesday, August 16, 2016.
The Hon. Sir Michael Kadoorie, Chairman of The Hongkong and Shanghai Hotels, Limited, and parent company of The Peninsula Hotels, together with award co-founders Christian Philippsen, William E. “Chip” Connor and Bruce Meyer, created this award in the spirit of celebrating the best of what defines the automotive world for the year. Philippsen is known as the world’s most prominent classic automobile authorities, Connor leads the world of international vintage car collecting, while also being a passionate amateur race car driver and Meyer is praised for having curated one of the premier vintage car collections in the United States at the Petersen Automotive Museum. Each of the founders are widely heralded as some the world’s foremost international motoring experts, brought together by their appreciation of fine motor vehicles, immaculate restoration and the preservation of their heritage.
“We are thrilled to pay homage to the finest attributes of the motor vehicles we celebrate at this year’s The Quail, A Motorsports Gathering,” said Kadoorie. “The Peninsula Classics Best of the Best Award marks a new milestone as the first of many extraordinary presentations of the most elite cars on the concours circuit and we couldn’t be more thrilled to be a part of elevating the legacy our event has come to manifest.”
The finalists chosen to be showcased at the event as the most elite driving machines are as follows:
1903 Mercedes 60HP Simplex: Royal Concours of Elegance
One of only four in existence today, having been preceded by the Mercedes 35hp, which had once been the fastest production car in the world. It remains Mercedes’ top of the range model, having also been named Best in Show at the Royal Concours of Elegance.
1932 Isotta Fraschini Tipo 8A S Sport Cabriolet: Pebble Beach Concours d’Elegance
Best in Show at the Pebble Beach Concours d’Elegance in 2015, this magnificent car has had only four owners from new, and it has lived a quiet life in Switzerland and France its entire life until coming to North America in 2014.
1930 Cord L29 Brooks Stevens Speedster: Amelia Island Concours d’Elegance
Before taking home Best of Show at the 20th Annual Amelia Island Concours d’Elegance, this hot rod was heralded as defining the mid-century American aesthetic in the automotive industry.
1937 Talbot-Lago T150C SS ‘Goutte d’Eau’: Goodwood Cartier Style et Luxe
This masterful coachwork by Figoni et Falaschi has won prizes at every major concours in pre-war Europe and is famed for having both redefined automotive style and having won top-level races. The ‘Teardrop’ became trend setting and motivated many other French manufacturers to consider a similar streamlined design.
1965 Ferrari 166 P / 206 SP Dino 0834: Cavallino Classic
Having most recently won the coveted Scuderia Ferrari Cup for Best of Show at the Cavallino Classic, this one-of-a-kind Dino was first entered by Scuderia Ferrari in 1965 and raced by Giancarlo Baghetti and later by Ludovico Scarfiotti to many wins over its long history.
1968 Alfa Romeo Tipo 33 Stradale: The Quail, A Motorsports Gathering
This model was derived from the Alfa Romeo 33/2 racing cars with the goal of creating a sports car staying as true to its racing heritage as possible. The Stradale is fitted with a 2 liter DOHC V8 producing 230 BHP, while the chassis was extended 10 centimeters for additional driver comfort from the 33/2. Since its restoration in 2004, this Tipo 33 Stradale has won four top honors, including Best in Show at the 2015 The Quail, A Motorsports Gathering.
The Best of Show winners from the six most prestigious international car shows from this year will be reviewed by 23 preeminent motorcar experts, designers and notable celebrities in the motoring world, including:
Anne Asensio, best known for her work as former Executive Design Director at General Motors
Chris Bangle, best known for his work as Chief of Design for the BMW Group
Singh Manvendra Barwani, well known auto enthusiast
Peter Brock, best known for his work on the Shelby Daytona Cobra Coupe and Corvette Sting Ray
Ian Callum, Director of Design for Jaguar Cars
Miles Collier, who spearheaded the design behind the world-class Collier Collection
Luc Donckerwolke, designer for Hyundai’s Genesis premium brand
Fabio Filippini, Design Director of Pininfarina
Henry Ford III, the great-great grandson of Ford Motor founder Henry Ford
Charles Gordon-Lennox, Lord March, Founder of the Goodwood Festival of Speed and President of the British Automobile Racing Club
Ralph Lauren, global fashion tycoon
Jay Leno, who is currently launching the second season of Jay Leno’s Garage on NBC
Flavio Manzoni, automobile designer best known for his work at Ferrari, Lancia and Volkswagen
Nick Mason, former Pink Floyd drummer and classic car enthusiast
François Melcion, Director of Rétromobile chez Comexposium
Gordon Murray, best known for his work as a designer of Formula One race cars and the McLaren F1 road car
Shiro Nakamura, the Japanese car designer currently serves as Senior Vice President of Nissan Motor Co. Ltd.
Ken Okuyama, is widely known for his work with Pininfarina, where he designed and supervised projects such as the Enzo Ferrari and Ferrari P4/5
Adolfo Orsi Jr., well known auto historian and grandson and son of Adolfo and Omer Orsi, owners of Maserati between 1937 and 1967
Frank Stephenson, McLaren’s Automotive Design Director
Jean Todt, after a career as a rally co-driver he worked in motor sport management, first with Peugeot Talbot Sport, then with Scuderia Ferrari, before being appointed Chief Executive Officer of Ferrari before assuming his current role as President of the Fédération Internationale de l’Automobile
Gorden Wagener, Chief Designer of Mercedes-Benz
Edward T. Welburn, Vice President of Global Design at General Motors
The award will act as the pinnacle moment of Monterey Car Week design displays. Following Tuesday’s announcement, the winning vehicle will be recognized on stage at the 14th annual The Quail, A Motorsports Gathering on August 19, 2016.