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Marchionne Not Happy With Ferrari’s F1 Rankings

Motor Trend logo Motor Trend 9/8/2014 Jason Udy

Sergio Marchionne isn’t happy with Ferrari’s Formula 1 standings, Bloomberg reports. The Fiat CEO called the iconic sports car brand’s performance over the last few years “unacceptable.” The comment was made to reporters over the weekend after the Italian Grand Prix, and was followed by an indirect warning to Ferrari chief Luca Cordero di Montezemolo. Ferrari now sits in fourth place this season.

2014 Ferrari Formula One© Provided by MotorTrend 2014 Ferrari Formula One

Although Ferrari Chairman Montezemolo has run the storied brand for more than two decades, Marchionne said, “Nobody is indispensable.” The two execs have butted heads before. While Montezemolo wants to limit Ferrari production and sales to maintain exclusivity, Marchionne wants to expand sales to compete with such brands as Lamborghini. Rumors have swirled that Montezemolo might leave Ferrari to head Italian airline Alitalia, which could have also raised Marchionne's ire.

Ferrari driver Kimi Raikkonen finished in ninth place, while Fernando Alonso didn’t finish the race in Monza, Italy. Marchionne said he believes Ferrari has the best drivers in the series, and that the team needs to start winning again.

Source: Bloomberg


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