Luca di Montezemolo`s resignation as Ferrari chairman on Wednesday severs an historic link with the company`s late founder Enzo and marks the end of an era for Formula One`s most successful and glamorous team.
Long serving Ferrari president, Luca Cordero di Montezemolo has announced that he will leave the Formula One team next month. The 67-year-old was under pressure to quit from Sergio Marchionne, the chief executive of parent company Fiat.
The European Commission raised pressure on Ireland, the Netherlands and Luxembourg over their corporate tax practices, saying it was investigating deals the countries have cut with Apple, Starbucks and Fiat.
CEO Sergio Marchionne will be hoping the similarities don`t end there as he orders up sporty new Alfa Romeos and sleek Maseratis in a bid to repeat in Italy what British brands like Mini and Jaguar have since achieved under foreign ownership.
'Linea Classic' will be available with two engine options of 1.4 litre (Fire) petrol and 1.3 litre mulijet diesel engine. The diesel version of Linea Classic will have a price starting at Rs 6.95 lakh and Line Classic+ at Rs 7.50 lakh (ex-showroom Delhi).
Fiat, which owns 58.5 percent of Chrysler, wants to take full control and buy out the rest of the stock owned by the United Auto Workers trust fund, but has balked at the more USD 5 billion being demanded.