Ferrari Owner Demands Formula One Wins From Chief Montezemolo
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Ferrari Chairman Luca Cordero di Montezemolo needs to ensure that the super-car brand’s Formula One team produces more wins, said Sergio Marchionne, chief executive officer of parent Fiat SpA.
Ferrari, which sits in fourth place in the season’s standings after the Italian Grand Prix yesterday, has had “unacceptable” performances in the high-profile racing circuit in recent years, Marchionne said to reporters yesterday at an event in Cernobbio, Italy. While there are no plans to replace the long-time Ferrari chief, “nobody is indispensable.”