Montezemolo accepts Ferrari at 'end of an era'

All signs continue to point towards a major change of direction at crisis-struck Ferrari.

Although long-time president Luca di Montezemolo played down the waves of speculation at Monza, his likely successor Sergio Marchionne issued a series of highly critical statements about the 67-year-old on Sunday.

Italy's specialist Autosprint then published a photo of Marchionne, being driven in a Maserati road car, leaving the area of Montezemolo's office within the factory grounds at Maranello on Monday.

Even the formerly combative Montezemolo now seems resigned to departing, as Marchionne - chairman of Ferrari's 90 per cent owner - looks to pull back the current separation between the fabled Italian marque and the Fiat-Chrysler empire.

"Ferrari is now American," Montezemolo reportedly told close associates, according to Corriere della Sera newspaper.

He added that it is "the end of an era".

 

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About this article
Series Formula 1
Drivers Luca di Montezemolo
Teams Ferrari
Article type Breaking news
Tags luca di montezemolo