Business is as usual at Ferrari, despite Montezemolo’s departure

Article by Christian A., on September 11, 2014

Ferrari officially announced yesterday that its current chairman Luca Cordero di Montezemolo will step down as he will be replaced by Sergio Marchionne. There were some reports about a conflict between Marchionne and Montezemolo but the details are limited and probably we will never find out too much about this event.

When we heard about the change we decided to ask Krista Florin, Director of Communcations at Ferrari North America, if the company will stick to its 5-year business plan presented earlier this year and if any vehicles will be delayed.

Krista Florin declined to give us too many details but she said that business is as usual, which means that Ferrari will follow the 5-year business plan and the company will continue to make impressive supercars.

What we don’t know yet is if Ferrari will continue to limit the production of vehicles to 7,000 units per year as it previously announced, in order to preserve its exclusive allure.

Sergio Marchionne has a plan where he will expand the company in luxury cars in order to better compete with VW’s Lamborghini or Bugatti and we are pretty sure that things will be changed.

Regarding Montezemolo’s departure, the outgoing chairman will receive a combined severance package of almost 27 million euros and half of this sum will reach his pockets by February 2015. In return, Montezemolo agrees not to compete with Fiat until March 2017.

Topics: ferrari, ceo

If you liked the article, share on:

Comments

Recommended

During car crashes and accidents, there are times that its occupants can’t get out easily. There are times when the only way to get out of that situation is to...
by - February 23, 2017
Could this be a special version of Ferrari’s much acclaimed LaFerrari? No matter how we look at it, the patent images for this sports car from Ferrari indicate its striking...
by - February 23, 2017
How fast can a 2017 Chevrolet Camaro ZL1 actually go? Considering the amount of power lurking underneath its line-laden bonnet, the 2017 Camaro ZL1 is capable of achieving a top...
by - February 23, 2017
As it turned out, we’ll be seeing Toyota’s new super supermini at the 2017 Geneva Motor Show in March. It’s time we all get to meet the new Toyota Yaris...
by - February 23, 2017
Opel revealed it has sweetened the pot for 2017 Insignia Grand Sport customers with the Opel Exclusive program. Through this program, the brand hopes to introduce a wide selection of...
by - February 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries