NEW YORK (CNNMoney) -- Ford made it very clear to Italian sports car maker Ferrari, that the name "F150" means a truck -- not a racecar. Faced with a lawsuit over the matter, Ferrari backed down.
Ferrari had named its new Formula 1 racecar the F150, in celebration of the 150th anniversary of Italy's unification. But the name tag already has a strong following on one of the best-selling vehicles in America -- the Ford F-150 pickup truck.
The Italian automaker announced it was changing the way it referred to its racecar. ... It will now be called the F150th Italia.
However, Ferrari still doesn't understand what upset Ford so much.
"Ferrari believes its own contender in the upcoming F1 Championship cannot be confused with any other types of commercially available vehicle whatsoever, nor can it give the impression that there is a link to another brand of road-going vehicle," Ferrari said in a statement. "Therefore it is very difficult to understand Ford's viewpoint on the matter."
In response, Ford says it never thought anyone would confuse its big, brawny truck with a single-seat, open-wheel race car.
"We're not concerned that the two vehicles would be confused," Ford spokeswoman Anne Marie Gattari said. "The motive behind this action was about the brand being diluted."
In other words, the name "F150" to most people means a truck. Ford wanted to make sure it stayed that way.
Regardless, Ferrari will change how it refers to the car. But Ferrari said that this isn't really a name change -- F150th Italia was really the name of the car all along. But from now on, Ferrari will always use the full name -- not the shortened F150 -- so they can keep out of Ford's way.
Nike is opening up shop on Amazon.com and the company plans "big shifts" over the coming year. More
The GOP's years-long quest to repeal what Republicans derisively refer to as the "death tax" may be realized if tax reform happens. But the arguments to repeal the estate tax overlook a few key details. More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
These expenses are common, so why not save for them? More