Luca di Montezemolo set to stay on as Ferrari president

Luca di Montezemolo looks set to continue as Ferrari president long-term after announcing that he will not campaign for a seat in the Italian Parliament

Luca di Montezemolo set to stay on as Ferrari president

Di Montezemolo, 65, created the Italia Futura political association in 2009 with a view to gaining power in this year's general elections.

He now says he will support prime minister Mario Monti's bid for a second term in the role, rather than pushing forward with his own political ambitions.

"I will not run for a seat," he told Italian newspaper La Repubblica.

"I will leave room to the many quality people who have supported and worked for the association these years. It's only fair that they should be the main players."

There had been fears that a possible ministerial position for di Montezemolo would create several conflicts of interest with his role at Ferrari and possibly lead to him having to give up the presidency.

A role in the government looks now unlikely, and he allayed these fears by reaffirming that while he will retain an involvement in Italia Futura, he will not be its figurehead as it seeks to become a political party.

"Italia Futura is about to turn into something a lot wider and diverse, and I won't be the leader of that," he added.

"Obviously it will be the political home for myself, for tens of thousands of Italia Futura associates, and for millions of voters who will choose it.

"I will support it with determination before and after the elections, but in a position that won't lead to any suspicions of conflicts of interests."

Di Montezemolo has been Ferrari president since 1991.

shares
comments
Best features of 2012: Taki Inoue on his F1 career
Previous article

Best features of 2012: Taki Inoue on his F1 career

Next article

Red Bull admits adapting to 2012 F1 rules took too long

Red Bull admits adapting to 2012 F1 rules took too long
Why Red Bull’s RB17 hypercar can help its F1 team Plus

Why Red Bull’s RB17 hypercar can help its F1 team

On Tuesday, Red Bull laid out its plans to develop and build a new hypercar - the RB17 - penned by Adrian Newey. As the project itself sates Newey as a creative outlet, it also offers Red Bull's Formula 1 team a number of new and exciting avenues to pursue

What to expect from Mercedes as F1 returns to Silverstone Plus

What to expect from Mercedes as F1 returns to Silverstone

OPINION: The British Grand Prix is a home event for Lewis Hamilton and George Russell, with their Mercedes team based just a few miles away too. But there’s another reason why the Silver Arrows squad is eager to arrive at Silverstone this weekend, which may help it fix its remaining problems with its 2022 Formula 1 challenger

The “solemn promise” that cost quiet hero Brooks an F1 title Plus

The “solemn promise” that cost quiet hero Brooks an F1 title

After two terrifying crashes, one of the best British racers of the 1950s retired before his career peaked. But that’s why GP Racing’s MAURICE HAMILTON was able to speak to Tony Brooks in 2014. Like his friend Stirling Moss, Brooks was regarded as one of the best drivers never to have won the world championship. Here, as our tribute to Brooks who died last month, is that interview in full

Formula 1
Jun 27, 2022
Inside the Faenza facility where AlphaTauri’s F1 pragmatic vision is realised Plus

Inside the Faenza facility where AlphaTauri’s F1 pragmatic vision is realised

AlphaTauri’s mission in F1 is to sell clothes and train young drivers rather than win the championship – but you still need a cutting-edge factory to do that. Team boss Franz Tost takes GP Racing’s OLEG KARPOV on a guided tour of a facility that’s continuing to grow

Formula 1
Jun 26, 2022
Connecting two of Ferrari's favourite F1 sons Plus

Connecting two of Ferrari's favourite F1 sons

Gilles Villeneuve's exploits behind the wheel of a Ferrari made him a legend to the tifosi, even 40 years after his death. The team's current Formula 1 star Charles Leclerc enjoys a similar status, and recently got behind the wheel of a very special car from the French-Canadian’s career

Formula 1
Jun 24, 2022
How a 30cm metal wire triggered open warfare in the F1 paddock Plus

How a 30cm metal wire triggered open warfare in the F1 paddock

Porpoising has become the key talking point during the 2022 Formula 1 season, as teams battle to come to terms with it. An FIA technical directive ahead of the Canadian Grand Prix and a second stay appearing on the Mercedes cars only served to create a bigger debate and raise tensions further

Formula 1
Jun 23, 2022
Does Verstappen have any weaknesses left? Plus

Does Verstappen have any weaknesses left?

Having extended his Formula 1 points lead with victory in Canada, Max Verstappen has raised his game further following his 2021 title triumph. Even on the days where Red Bull appears to be second best to Ferrari, Verstappen is getting the most out of the car in each race. So, does he have any weaknesses that his title rivals can exploit?

Formula 1
Jun 22, 2022
How F1's future fuels can shape the automotive sector Plus

How F1's future fuels can shape the automotive sector

In 2026, Formula 1 plans to make the switch to a fully sustainable fuel, as the greater automotive world considers its own alternative propulsion methods. Biogasoline and e-fuels both have merit as 'drop-in' fuels but, equally, both have their shortcomings...

Formula 1
Jun 21, 2022