IT'S HAPPENING: MARCHIONNE WILL INCREASE FERRARI PRODUCTION

Sergio Marchionne will take over as Ferrari chairman on October 13. And unlike his soon-to-be predecessor, Luca di Montezemolo, Marchionne wants more new Ferraris on the road ASAP. That specifically includes the $1.3 million LaFerrari. And it won’t stop there. What was rumored last week has now become a reality: Marchionne will increase Ferrari production in order to cater to anxious and wealthy customers. Instead of di Montezemolo’s 7,000-unit per year production cap, Marchionne will slowly increase that number to about 10,000.