FerrariBudget


Montezemolo: Scuderia Ferrari not funded by Fiat

Many of the biggest teams in Formula One extract enormous budgets from the automakers that own them: BMW, Renault, Toyota, Honda, even Mercedes-Benz, which is part owner of McLaren. Not Ferrari, though. The team, part of the Maranello-based sportscar maker, is owned by the Fiat auto group. However, Fiat does not contribute even one centesimo (er... euro-cent) to the team's budget. This according to Luca Cordero di Montezemolo. And he should know, being both president of Ferrari and chairman of Fiat (in the mid-'70s, Montezemolo directly headed ... Read more →

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