History is set to repeat itself as Ferrari prepare to hire a superstar German to revive their flagging fortunes.
Luca Di Montezemolo has stood down as Ferrari chairman after almost a quarter of a century in the role.
Luca di Montezemolo's position at Ferrari looks increasingly insecure following comments made by the head of FIAT Chrysler, the Italian firm's parent company.
Chrysler and Fiat are denying Sergio Marchionne told analysts and potential investors they would be better served not investing in the Chrysler IPO if the smallest of the Big Three automakers completes a public offering of stock.
Chrysler Group LLC Chief Executive Officer Sergio Marchionne talks about the impact of Japan's earthquake on production.