News Details
Di Montezemolo to stay on
Luca di Montezemolo is likely to continue as the Ferrari President after he announced that he won't campaign for a seat in the Italian parliament.
The 65-year-old Italian created the Italia Futura political association in 2009 with a view to gain power in the 2013 general elections, but Di Montezemolo said that he will now prime minister Mario Monti's bid for a second term in the role instead.
"I will not run for a seat," he told Italian newspaper La Repubblica.
"I will leave room to the many quality people who have supported and worked for the association these years. It's only fair that they should be the main players."
It was feared that a ministerial position would...
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13y ago from PlanetF1.com
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