News Details

Montezemolo exit rocks crisis-struck Ferrari

Despite securing $35 million as he walks away, Luca di Montezemolo had a tear in his eye on Wednesday as he said farewell to Ferrari. Although he was president, and although his presence at Maranello dates back decades, the 67-year-old is just the latest head to roll amid Ferrari's spiralling crisis. "Our common desire to see Ferrari express its true potential on the track led us to some misunderstandings," admitted Fiat chairman Sergio Marchionne, Montezemolo's successor. Charismatic and controversial, Montezemolo has secured a EUR 27 million parting fee, including a pledge he will not work for a Fiat rival until 2017. He admitted on Wednesday that it is possible he will go on to...
Full Story »
11y ago from GrandPrix.com 0
Share

You May Also Be Interested In...

Montezemolo announces Ferrari exit

Montezemolo announces Ferrari exitPosted On 10 Sep 2014By :...
11y ago from ThisIsF1.com

Ferrari through and through - Luca di Montezemolo in...

Luca di Montezemolo (ITA) Ferrari Team Manager. German Grand Prix, Rd 11,...
11y ago from Formula1.com

Di Montezemolo confirms Ferrari exit

Just days after saying he is ready to stay on as Ferrari chairman for...
11y ago from PlanetF1.com

Montezemolo scotches Ferrari exit rumours

Luca di Montezemolo says he is not leaving Ferrari and that he wants to...
11y ago from Crash.net

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Long Beach to bring in new leadership for iconic event

Organizers of the annual Grand Prix of Long Beach event have announced...

Pato O’Ward joined by F2 champion in McLaren F1...

McLaren has announced its driver development program lineup for 2026,...

Popular On TotalWRC.com

Popular On GunnersToday.com

‘Agreement in place’ – Fabrizio Romano drops...

Oleksandr Zinchenko is set to leave Arsenal, with Ajax agreeing a deal to...
8h ago from CaughtOffside.com

Mikel Arteta provides worrying update on key Arsenal...

Arsenal manager Mikel Arteta has revealed that Bukayo Saka is dealing with...
14h ago from SportsKeeda.com

'I saw it live, I saw it here. I saw it now again' -...

Arsenal manager Mikel Arteta believes his side were denied a clear penalty...
19h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.