Ferrari chairman Luca Di Montezemolo to quit after 23 years

Rumor has it that he will be gone from Maranello sometime next week !!??

After firing the team principle Stefano Domenicali. Could the Formula 1 teams lack-luster results be the cause of a living legend to step down as chairman for Ferrari Spa to go work with Airplanes??

#THOUGHTS/OPINIONS/PREDICITONS#???????

 

Already covered here......
http://www.ferrarichat.com/forum/f1/457140-montezemolo-quitting-ferrari.html

 

Zactly

Just like Steve Jobs and Apple, Enzo was the wizard who spun the magic. The wizard is dead and we're living off the aftermath of yesterday's magic dust.

 

There is an excellent piece on Ferrari's corporate future in (on) "jamesallenonf1". There is mention of a possible doubling of production.

 

Montezemolo, addio Ferrari. Marchionne Presidente

 

So it wasn't a joke. I had read it somewhere else and thought that is was a joke.

 

And the big sponsor chairman dies yesterday night. Emilio Botin

 

Didn't see this here yet!

Wow:

BBC Sport - Ferrari chairman Luca Di Montezemolo to quit after 23 years

 

All things must come to an end. I think History will be kind to Montezemolo.

His comment that Ferrari is now American made me think about it... Enzo Ferrari was all to happy to talk to Ford back in the 1960's seemingly not caring if his company was American or not... all he wanted was the $$ to go racing. BUT most everyone says that was a ploy to convinced Angelli to pony up the Lira to keep Ferrari in Italy...

It is definatly a turning point for Ferrari. if its up or down I dont know.

 

Ferrari CEO Quits In A Huff, Says Company Is Now 'American'

 

Yes - Santander owner / founder dies... so question is will the $$ keep flowing to Alonso/ Ferrari? or in F1 all together?

 

Interesting and scary times for Ferrari. This topic is being covered extensively here.

http://www.ferrarichat.com/forum/f1/460091-major-ferrari-rumors.html

 

Santander have 17 people in his comity of direction. One of them is her daughter Ana Patricia.
Believe me, her daughter is the same as his father. She s strong and makes a hard work.
Now, the new chairman will be elected today and it seems her daughter will have the direction of the Santander group.

If Santander will be next year the sponsor? I don t know
If Ferrari will have hard time? Yes.

 

It seems the sticking point for the road car division is that LdM wanted to keep a cap on production figures to maintain exclusivity and Marchionne wants more volume for larger market share. I wonder if Marchionne assuming control also means Ferrari might directly respond to the calls for something below the current V8 models such as a V6 Dino (and, yes, I know about the Alfa Romeo 4c). I also think some of the recent road cars have looked really weird, with odd shapes and surface treatments, so perhaps Ferrari will enlist Pininfarina again going forward - one can but hope. Seeing a Ferrari on the road should remain a special experience, so hopefully Marchionne doesn't go too high volume.

As for the F1 results, the Scuderia slipping to fourth in the championship at home at Monza could have been a red line.

It'll be interesting to see if change is a good thing.

All the best,
Andrew.

 

I think it will be a very good thing.

 

I agree with all your points. I'm a little flummoxed by what seems to be a less supportive view for Montezemolo...I'm not sure I entirely understand (or agree with) Marchionne's plan for Ferrari.

Time will tell. I posted in another thread that Montezemolo wasn't going to be there forever, and at 67, he's done about all he was going to do.

 

Not sure how I feel about it. I like the idea of new blood, but LdM has done a lot for quality control and product development from my meager point of view.




PDG

 

It's a horrible thing. Exclusivity just went out the window. More sharing with Fiat.



"Instead of keeping Montezemolo's annual production limit at 7,000 cars to retain Ferrari's exclusivity, Marchionne is planning to turn the prancing horse into a luxury brand that can compete more with Volkswagen AG's expanding Lamborghini in terms of sales growth and is more involved with Fiat Chrysler's products and technologies as opposed to being mostly independent as it is today."

Sounds like future products are just label slapped with the prancing horse for the US market who care more about shields on the sides while they store it in their heated garage.

If you want to see Marchionne's product planning "skills", just look at the total Eff- up he has done trying to introduce Alfa into the US market. It's a disaster.

 

I have to admit, for me this is sad. The man who stood next to Enzo Ferrari, whose direction brought fantastic, competitive machinery. He fought to keep Ferrari limited, private and the brand exclusive. When he says this is an end of an era and Ferrari is now American, I can only hope Fiat/Chrysler do not center around volume and being a public company.

 

Yea, I'm not aligned with Marchionne's vision. To use the F1 team failures as a scapegoat seems pretty low to me.

 

As Bob said:

Time will tell just who has fell and who's been left behind. when you go your way and I go mine..."

See the post from our PHD Pizza Delivery man Andrew. He got it right.

 

I hope it will be. I've hardly been LdM's biggest fan with his particular representation of the marque's history, but he is an able businessman and rescued the company's finances.

It's the mention of higher volume that makes me wonder about Marchionne. Do you have any insight there into his likely strategies and directions for Ferrari?

All the best,
Andrew.

 

Lots of rumour in journalistic circles here in UK of potential Ferrari SUV.
I think our current cars will be the last of a low volume exclusive era....