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.

If you liked the article, share on:

Topics: ferrari, ceo

Comments

Recommended

Last year was probably one of the busiest years for the European New Car Assessment Programme, with a total of around 70 cars tested. But amongst that huge pack of...
by - January 16, 2018
For the longest time, women in Saudi Arabia were restricted from doing what men were able to do freely. And one of the most pressing issues was driving. In the...
by - January 16, 2018
Automakers that have teamed up with Formula 1, like Mercedes-AMG, develop the coolest road-going supercars just like the Project One. Aston Martin and Red Bull, on the other hand, have...
by - January 15, 2018
There is nothing more exciting happening this month than the 2018 Tokyo Auto Salon - especially with all the concepts that are being uncovered. Apart from the Toyota GR Super...
by - January 15, 2018
The very first time we ever saw Bentley’s SUV, the Bentayga, was back in September 2015 when it came out with the impressive W12 engine. A year after that, it...
by - January 15, 2018
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