Ferrari Chairman Quits

Written By The USA Links on Wednesday, 10 September 2014 | 15:00


WSJ.com: US Business

Ferrari Chairman Quits

Updated Sept. 10, 2014 12:48 p.m. ET


MARANELLO, Italy—Luca Cordero di Montezemolo is stepping down as chairman of luxury sports car maker Ferrari after 23 years and just days after long-running disagreements with its owner spilled into public view.


Sergio Marchionne, chief executive of Fiat SpA, which owns 90% of Ferrari, will take over from Mr. Montezemolo effective Oct. 13—the same day that Fiat Chrysler Automobiles, a new company created out of a corporate...





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