F1 Needs to Reduce Costs: Ferrari Boss Says

F1 Needs to Reduce Costs: Ferrari Boss Says
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Ferrari’s President, Luca di Montezemolo, recently affirmed his support for the need to cut costs in Formula 1, inline with the FIA which has said essentially that drastic measures are required if the sport is to remain viable over the longer term. Continue Reading...

Ferrari CEO Says Loyal Owners Should Get First Refusal on New Models

Ferrari CEO Says Loyal Owners Should Get First Refusal on New Models
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As a result, a number of serious Ferrari aficionados and collectors have been making noise about how they simply cannot get their hands on the latest limited run special, enough in fact that the company’s CEO Luca di Montezemolo, is seriously looking at forming an ultra-exclusive Ferrari owners club. Continue Reading...

China Is Ferrari’s Second Largest Global Market

China Is Ferrari’s Second Largest Global Market
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f China has become Ferrari’s second largest global market, a not-so-surprising development in light of the global economic realities. The Italian automaker enjoyed strong growth in the first half of 2011, with global sales up 12 percent to a record 3,577 units between January and June. The company also saw sales revenue climb nearly 20 percent up… Continue Reading...

Ferrari Aiming For Global Sales Of 8,000 Units

Ferrari Aiming For Global Sales Of 8,000 Units
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Ferrari is aiming for global sales of 8,000 units within 8 years, unprecedented volumes for a sports car maker that has traditionally prided itself on exclusivity and the individual nature of their products. Sales of 6,800 to 7,000 Ferrari cars are expected this year, with the Japanese market being the deciding factor. Ferrari sells about… Continue Reading...

Ferrari Chairman Calls 4-Cylinder Formula 1 Engines “Pathetic”

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Ferrari Chairman Calls 4-Cylinder Formula 1 Engines “Pathetic”
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Ferrari chairman Luca di Montezemolo expressed disgust regarding Formula 1’s new engine regulations, slated to come into effect in 2013. According to a report by British network Sky Sports, the sartorially impeccable Ferrari boss said that the new turbo 4-cylinder engines are “a bit pathetic” for “the top class of racing”. “ Why couldn’t we… Continue Reading...

Ferrari To Shorten Product Life Cycles, Cut Waiting Times

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Ferrari To Shorten Product Life Cycles, Cut Waiting Times
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Ferrari is notorious for their arduous buying process, where customers are given the privilege of waiting between one and two years before they can hope to purchase one of the Italian supercars. In recent years, this has caused frustration as new offerings from Porsche, Lamborghini and other automakers have served to entice potential Ferrari clients away from… Continue Reading...

458 Italia so Awesome Scuderia Model Would be Pointless Says Ferrari Boss

458 Italia so Awesome Scuderia Model Would be Pointless Says Ferrari Boss
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There will be no hard-core ‘Scuderia’ version of the 458 Italia says Ferrari boss Luca di Montezemolo, due mostly to the fact that the 458 is already so advanced and such an incredible performance machine. During a private press gathering in London last night, di Montezemolo commented that, “We will continue to produce one new… Continue Reading...

Ferrari V6 Not Out of The Question, Says CEO

Ferrari V6 Not Out of The Question, Says CEO
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In an effort to meet increasingly strict emissions standards, Ferrari would be open to the possibility of building a V6 engine says Ferrari boss Luca di Montezelmolo. In an interview with AutoCar, di Montezelmolo was asked about a potential V6 powerplant for a future Ferrari model, to which the Ferrari CEO commented: “An engine smaller… Continue Reading...

Fiat Chairman Luca di Montezemolo to Step Down on Eve of Company Reorganization

Fiat Chairman Luca di Montezemolo to Step Down on Eve of Company Reorganization
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Fiat chairman Luca di Montezemolo will step down from his primary position at the Italian automaker today ahead of a company restructuring that will begin tomorrow. He will, however, retain a position on Fiat’s board of governors and will remain the Chairman of Ferrari. Fiat CEO Sergio Marchionne has announced he will draw out the… Continue Reading...

Ferrari 599 GTO Officially Unveiled in Italy; All 599 Cars Already Sold [with Video]

Ferrari 599 GTO Officially Unveiled in Italy; All 599 Cars Already Sold [with Video]
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Yesterday Ferrari gave the official first showing of its new 599 GTO Supercar at a private event in Italy. Held at Modena’s Ducal Palace military academy, the new “Fastest Ferrari” was presented by company head Luca di Montezemolo, as well as chief executive Amedeo Felisa and vice-chairman Pierro Ferrari, the son of Enzo Ferrari himself…. Continue Reading...

Geneva 2010: Ferrari to Offer Hybrid Versions of All Models by 2014

Geneva 2010: Ferrari to Offer Hybrid Versions of All Models by 2014
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With the matte-green 599 hybrid concept on display at the Ferrari booth at the Geneva Auto Show, the Italian exotic automaker didn’t have a lot to say about it, but the company’s CEO did make an important remark about the future of Ferrari hybrids. Luca di Montezemolo commented that the automaker is looking to reduce… Continue Reading...

Geneva Preview: Ferrari Readying 599 Hybrid Concept

Geneva Preview: Ferrari Readying 599 Hybrid Concept
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Ferrari will show a hybrid concept at the Geneva Auto Show, based on the Italian automaker’s 599 flagship. Ferrari CEO Luca di Montezemolo made the announcement while unveiling the company’s latest Formula One race car. Di Montezemolo also stated that this prototype is slated for production but did not give any timeline. Ferrari has been… Continue Reading...

Breaking: Schumacher Says He’s “Very, Very, Very” Likely to Be Driving for Mercedes

Breaking: Schumacher Says He’s “Very, Very, Very” Likely to Be Driving for Mercedes
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Michael Schumacher has all but traded in his Ferrari red for the silver and black of Mercedes-Benz. According to Ferrari team president Luca di Montezemolo, the retired Formula One superstar told him in a recent phone conversation that there is a, “very, very, very strong possibility,” that he will be behind the wheel of a… Continue Reading...

Report: Ferrari 458 Italia Spider Comfirmed… as Though There Was Any Doubt

Report: Ferrari 458 Italia Spider Comfirmed… as Though There Was Any Doubt
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It’s almost not even worth reporting because it is so expected and so obvious, but here goes: Ferrari President Luca di Montezemolo has reportedly confirmed that a roadster version of the company’s new 458 Italia model is on the way. Surprised? We didn’t think so. Before the 458, there was the F430 and its Spider… Continue Reading...

Report: Neck Injury Ends Michael Schumacher’s Return to Formula 1

Report: Neck Injury Ends Michael Schumacher’s Return to Formula 1
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Sadly, Michael Schumacher will not return to Formula 1 this weekend, although there is a possibility that the 7 time World Champion will be back in 2010. Schumacher today posted on his personal website that he could not return to the sport after recent testing at Ferrari’s private track in Mugello revealed fractures in his… Continue Reading...

Ferrari to Auction-Off Last F430 to Aid Italian Earthquake Victims

Ferrari to Auction-Off Last F430 to Aid Italian Earthquake Victims
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Ferrari has announced that it will auction off the rights to the very last F430 to roll off the assembly line and donate the proceeds to help citizens of the Abruzzo region that was devastated during the April 6th earthquake in Italy. Rights to the car will be on the block at a special Ferrari-themed… Continue Reading...