Di Montezemolo could quit Ferrari

The 54-year-old claims that he has achieved the goals he set himself when he rejoined Ferrari in 1991. It is also said that he was not told about an agreement last week by parent company Fiat's decision to sell a 34 percent stake in the marque to an investment bank.

"The cycle I began is over and now is the time to reflect a bit," di Montezemolo said at the presentation of a new production plant and Ferrari model at its Maranello base.

When asked if he is considering resigning, he said: "I have to reflect, but it will be a matter of weeks."

Di Montezemolo first worked for Ferrari in the 1970s when he teamed up with Niki Lauda to make the Italian car giant succesful again in Formula 1. Lauda won two drivers' championships and Ferrari once again became a strong force in Grand Prix racing.

The F1 team was again in disarray in the early 1990s, and di Montezemolo was drafted in once more. He brought together the 'super-team' of Michael Schumacher, Jean Todt, Ross Brawn and Rory Byrne and made Ferrari the dominant team in the sport. Schumacher is well on his way to a third world title for Ferrari, which is also very likely to claim the constructor's championship too.