Luca di Montezemolo
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Last fall, longstanding Ferrari chairman Luca di Montezemolo, arguably the most influential person to have worked at the Prancing Horse after founder Enzo Ferrari, stepped down from the head role, passing the baton on to Fiat Chrysler Automobiles [NYSE:FCAU] CEO Sergio Marchionne. Just weeks before his resignation, di Montezemolo said he saw himself working for Ferrari for at least three more years, so his departure, which came as a surprise to many, was clearly not completely amicable. One of the main reasons, it turns out, was FCA’s plans to spin off Ferrari, plans that weren’t...
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Former Ferrari Boss Luca di Montezemolo To Head Italian Airline: Report
Despite walking out the door with an eight-figure severance package, it appears former Ferrari chairman Luca di Montezemolo is itching to start a new job, this time running Italy’s struggling national airline Alitalia. The 67-year-old Italian announced his resignation from Ferrari back in...
Viknesh Vijayenthiran -
Ferrari Chief Luca di Montezemolo Steps Down: Video
UPDATE: Video interview with Luca di Montezemolo added. Ferrari chairman Luca di Montezemolo has confirmed his resignation from the top post at the Italian sports car manufacturer and race team, a role he has enjoyed for the past 23 years. The 67-year-old explained that Ferrari is transitioning...
Viknesh Vijayenthiran -
Ferrari Celebrates 10 Million Facebook Fans With Amusing Video
Anyone doubting Ferrari’s ability to not take itself too seriously should take a look at the latest video to emerge from Maranello. In celebration of achieving 10 million fans on its Facebook page, Ferrari has released a humorous video expressing its gratification for all its fans. The video...
Viknesh Vijayenthiran -
Apple Exec Eddy Cue Joins Ferrari Board
Following a meeting of its board of directors this week in Maranello, Italy, Ferrari has announced that Apple’s chief of Internet software, Eddie Cue, will be joining the Prancing Horse as one its board members. The announcement is a clear sign that Ferrari sees the role of information...
Viknesh Vijayenthiran -
The Greatest Ferraris Of Sergio Pininfarina Exhibition Preview
This past weekend one of the greatest collections of Ferraris, including both concept cars and production models, went on show at the official Ferrari Museum in Maranello, Italy. The cars are being shown in the Greatest Ferraris Of Sergio Pininfarina exhibition, which honors the legendary designer...
Viknesh Vijayenthiran -
The winning bidder of a Ferrari 599XX Evo, which was auctioned off to raise funds for support of victims of the earthquakes that rocked the Emilia Romagna region of Italy this year, has finally been handed the keys to the car. They were presented by Ferrari chairman Luca di Montezemolo at this past weekend's Italian Grand Prix to Google exec Benjamin Sloss. Sloss, a resident of California, made the winning bid of €1.4 million ($1.78 million) for the special 599XX Evo, which he had painted a bright yellow. He was also presented with an additional souvenir in the shape of a photo taken...
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Ferrari On Track For Record Results In 2012
Ferrari chairman Luca Cordero di Montezemolo is predicting another record year for the Italian supercar manufacturer, despite the poor economic situation in Europe, the possibility of slower growth in China, and heavy investment in Formula 1. Last year Ferrari sold a record 7,195 cars, including a...
Viknesh Vijayenthiran -
Ferrari Boss Left “Speechless” After Seeing The New SRT Viper
Luca Cordero di Montezemolo, the current chairman of Ferrari and one of the key men responsible for turning the Italian sports car manufacturer into a global automotive powerhouse, was left “speechless” upon seeing the 2013 SRT Viper for the first time. That little snippet of...
Viknesh Vijayenthiran -
Ferrari Picks Movado For Latest Luxury Watch Line
In 2009 it was Italy’s Panerai, the following year it was France’s Cabestan, and last year Swiss firm Hublot got the tick. This year, another Swiss firm, Movado, has been awarded the honor of designing, producing and marketing a series of watches under the Ferrari and Scuderia Ferrari...
Viknesh Vijayenthiran -
Ferrari Chief Luca di Montezemolo Rules Out IPO
While investors around the globe are clamoring to buy a piece of Ferrari, those in control of the Italian sports car brand don’t appear willing to budge despite the company being valued at billions of dollars. Last April Sergio Marchionne, the boss of Ferrari’s parent company, Fiat...
Viknesh Vijayenthiran -
Ferrari Boss Says V-6 Engine Possible
Governments around the world are bowing to public pressure to reduce the greenhouse gases their respective countries produce, and more often than not the first sector they look at is the auto industry. Here in the U.S. the government has imposed a tough 35.5 mpg fleet-wide fuel economy standard for...
Viknesh Vijayenthiran -
Montezemolo will be replaced by John Elkann, current vice-chairman.
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Ferrari Wants Hybrid Option On Entire Lineup
Governments around the world are bowing to public pressure to reduce the levels of greenhouse gases their respective countries produce, and more often than not, the first sector they look at is the auto industry. Here in the U.S. the government has imposed a tough 35.5 mpg fleet-wide fuel economy...
Viknesh Vijayenthiran -
Schumacher Cancels F1 Comeback Due To Injury
Ferrari test driver Luca Badoer will now replace the injured Felipe Massa.
Kenneth Hall -
Ferrari Chairman to auction personal 599 GTB for charity
For a lot of people, any car that wears a Prancing Horse badge is good enough. And no one can deny the Ferrari 599 GTB Fiorano is one of the best examples of a GT car available. But to have the car owned by the man at the helm of the legendary brand, that's on another level. But that's exactly what...
Nelson Ireson -
Ferrari announces record 2008 profits, retirement of Jean Todt
Following a record first-quarter profit for Ferrari, the slowing global economy and tightening credit markets slammed into the car industry and ground what had looked like a promising year to a halt. There was talk of tough times at Ferrari. But Ferrari's ledger sheet still looks bright, says the...
Viknesh Vijayenthiran -
Ferrari confirms 599 hybrid prototype in testing
Governments around the world are bowing to public pressure to reduce greenhouse gases, and more often than not the first sector they look at is the auto industry. The European Council has proposed a ruling that could see carmaker’s forced to limit their fleet average CO2 levels to 130g/km by...
James Martinez -
Two-time F1 world champion Fernando Alonso has reportedly inked a secret deal with Ferrari that will see the Spaniard joining the Scuderia Ferrari team in 2011. According to Reuters, the contract is for a four year stint, however there are several clauses that will allow both Ferrari and Alonso to abandon the deal should they wish. Reports have been streaming in for the past two weeks about Alonso's ambitions to join the most successful team this decade on the grid. Today, Alonso' manager mentioned that "Fernando has expressed some interest in racing for Ferrari", but emphasized that things...
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Ferrari will never make a sedan, says di Montezemolo
Ferrari has stated emphatically that it will never build a four-door model. The statement comes on the heels of Lamborghini's revelation of the Estoque four-door supercar at the Paris Motor Show. There has also been a prevalence of late of sports car manufacturers expanding their model ranges with...
Ralph Hanson