Speaking at an unrelated Fiat 500 reveal last week, Fiat-Chrysler chief Sergio Marchionne said Ferrari is worth about $11 billion and he expects the prancing horse’s IPO to garner about $1.1 billion went it goes up for sale in October.

“There are clear expectations from ourselves as Ferrari brand is unique,” Marchionne said, according to Bloomberg News. “There is also a scarcity value as we are just selling a 10 percent stake.”

Marchionne’s estimate is roughly double what brokers said the Maranello-based manufacturer could be worth almost a year ago.

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Per Road and Track, the operators of the famed Nurburgring in Germany may be preparing to dump its speed limits for manufacturers and may mean a return for manufacturer records.

After a Nissan GT-R GT3 crashed and killed a spectator, the famous road installed speed limits during specific sections for safety and enforced those limits during testing for manufacturers — effectively ending record run chest-thumping.

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In its 104-page annual sustainability report, Honda announced it would make English its official language by 2020, requiring all interregional communication be conducted in English. Similarly, English-language proficiency would be a requirement for promotion to management. The new mandate appears on Page 70 of the report.

Despite burying the lede, it’s a seismic change for the Japanese company. According to Automotive News, five years ago then-boss Takanobu Ito said — possibly in Japanese — that making English the official language of Honda was “stupid.” Five years from now, presumably all of Honda’s workforce, which includes more than 200,000 people — nearly three-quarters of it outside of North America — will be speaking the language.

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Mahindra’s attempt to buy Italian design firm Pininfarina collapsed over the weekend due to opposition by the latter’s creditors.

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Suzuki chairman and CEO Osamu Suzuki announced Tuesday the appointment of his son and likely successor, Toshihiro Suzuki, to the role of president.

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Some transit authorities offer free service to encourage ridership. Greece is offering free service this week because no one has money.

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Once upon a time, Volkswagen lived up to its name by providing a low-cost car for the people. Now, the automaker has plans to do so once more.

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The Ford Fiesta is on track in 2015 to celebrate a seventh consecutive year as the best-selling vehicle in the United Kingdom. A streak which began in 2009 – following the Focus’s own tenure atop the leaderboard – appears completely secure now that the Fiesta has outsold its nearest rival by 19,000 units over the course of just five months.

The Fiesta is not a popular car by the standards with which Americans identify popularity. On this side of the pond, for example, the Ford F-Series is America’s best-selling line of vehicles, but the F-Series accounts for 4.3% of the overall auto industry’s volume. The Fiesta generates 5.3% of UK auto industry volume. Read More >

While some Japanese CEOs are doing well for themselves in compensation, Takata’s Shigehisa Takada took a dramatic cut in pay for 2014.

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Ahead of its arrival at this year’s Goodwood Festival of Speed in West Sussex, England, the 2016 Ford Focus RS’ horsepower figures were officially revealed.

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Toyota PR exec Julie Hamp isn’t having the best time in Japan right now, and the situation could worsen thanks to the nation’s strict drug importation laws.

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Spending a year out of the public eye since Takata’s airbag crisis exploded, president Shigehisa Takada publicly apologized for the situation Thursday.

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Reuters is reporting police have raided Toyota’s office in Tokyo in connection with the arrest of communications chief Julie Hamp over alleged drug importation offences.

When asked, a Toyota spokesman declined to comment on the nature of the police presence, but said the company is cooperating with police.

Hamp, the first female senior executive at Toyota, has a long road ahead of her if there’s enough evidence to bring her to trial, as we covered last week.

[Source: Reuters]

Two years ago in Frankfurt, the Infiniti Q30 debuted before the world in concept form. Come this September, it will return with a production-ready look.

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Depending on one’s point of view, this is either the best or the worst thing to happen: The ‘Ring time is no more on the Nürburgring.

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