Luca di Montezemolo

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

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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

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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

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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 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 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

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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

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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...