News Details
Golden handshake for di Montezemolo
Fiat Chrysler's outgoing chairman of its sports car division Ferrari will receive a combined severance package of 26.95 million, with nearly half to be paid in a lump-sum by next February, the company said on Wednesday. Luca Cordero di Montezemolo, chairman of Italian luxury sports car maker Ferrari, is quitting to be replaced by the boss of parent group Fiat after the two men clashed over strategy and the Formula One team's poor results. In a statement, Fiat said Montezemolo will receive a lump-sum payment of 13.25 million by January 31, 2015 in return for agreeing not to compete with Fiat until March 2017. Fiat also said Montezemolo will receive 13.71 million, which is equivalent to...
Full Story »
Full Story »
9y ago from SuperSport.com
0
You May Also Be Interested In...
Fiat boss says even Montezemolo ‘can be replaced’
Fiat boss says even Montezemolo ‘can be replaced'Posted On 08 Sep...
9y ago from ThisIsF1.com
Fiat boss critical of Montezemolo
Sergio Marchionne, CEO of Ferrari's parent company Fiat, has criticised...
9y ago from Pitpass.com
Fiat big boss says Montezemolo can be replaced
Sergio Marchionne
Ferrari president Luca di Montezemolo could face losing...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Vinales: Aprilia COTA MotoGP win has ‘different...
Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...
2h ago from MotorsportWeek.c...
Oliveira reckons MotoGP “looks too easy” on TV now
No description available...
6h ago from Motorsport.com
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar Long Beach: Start times, how to watch on TV,...
No description available...
3h ago from Motorsport.com
Kirkwood: “More durable” tires hindering passing...
No description available...
3h ago from Motorsport.com
Pourchaire to make IndyCar debut in Long Beach with...
Arrow McLaren has announced that the reigning Formula 2 champion Theo...
1d ago from MotorsportWeek.c...
Pourchaire to make IndyCar debut for Arrow McLaren
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Croatia: Neuville, Evans tied for the lead after...
No description available...
3h ago from Motorsport.com
Neuville and Evans tied to a tenth!
Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...
26m ago from MotorsportWeek.c...
WRC Croatia: Neuville sets the pace to lead title...
No description available...
9h ago from Motorsport.com
Hyundai enacts contingency plan after WRC Kenya fuel...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta says it is 'too soon' for £38m defender...
Arsenal manager Mikel Arteta has provided an injury update on summer...
26m ago from CaughtOffside.com
Christian Falk's Fact Files – Bayern's fire sale...
This article was originally published on Fabrizio Romano’s Daily...
2h ago from CaughtOffside.com
Troy Deeney names strikers who Arsenal should look to...
No description available...
3h ago from SportsKeeda.com
Preview: Wolverhampton Wanderers vs. Arsenal -...
Sports Mole previews Saturday's Premier League clash between Wolverhampton...
1h ago from SportsMole.co.uk
Comments
Hottest News
FIA announce crucial top three UPDATE in China after...
The top three drivers for Saturday's sprint race... Read More »
4h ago from GPFans.com
Ricciardo: If I’m getting my arse whipped I don’t...
Daniel Ricciardo shrugged off rumours, wafting... Read More »
56m ago from GrandPrix247.com
F1 Qualifying Today: Chinese Grand Prix 2024 start times,...
Find out all the details for the 2024 Chinese... Read More »
36m ago from GPFans.com