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Posts with tag montezemolo

FIA and F1 teams reach agreement in Geneva

In the wake of the FIA's shocking proposal to move to standardized spec engines across the Formula One grid, the participating teams have met to come up with alternative cost-cutting measures to implement in the sport. After what was described as an unprecedentedly unanimous meeting of team principals under the newly formed Formula One Teams Association, Ferrari's Luca di Montezemolo and Toyota's John Howett met with our favorite whipping post, Max Mosley, on neutral ground in Geneva to discuss alternatives.

Although the only official word following the meeting Tuesday in Geneva is that the discussions were constructive, reports indicate that considerable agreements were reached towards bringing down the costs of participation in Formula One without having to resort to spec engines. Among those measures reported include the life of each engine being expanded from the current two-race requirement to three and a requirement for each manufacturer to offer 25 engines for purchase by independent teams at 10 million euros per unit. Nothing has been officially announced yet, but the representatives are expected to meet again after the season's conclusion at the upcoming Brazilian Grand Prix to further discuss the arrangements, which are tipped to be stop-gap measures for the coming two seasons while the FIA comes up with more reasonable proposals for the long term.

[Source: Autosport]

Ferrari confirms Kimi and Felipe for 2009


The closer we get to the end of this season and to the start of the next, the clearer the picture will become as to which drivers will be where for the 2009 FIA Formula One World Championship. While his team was undergoing testing alongside its competitors at the Monza track in Italy, Ferrari president Luca di Montezemolo placed one of the bigger pieces in the puzzle in confirming that Kimi Raikkonen and Felipe Massa would both be back in scarlet for next season. Although towards the beginning of the season it was onto Massa's future which doubt was cast, by now the tides have changed in that Kimi's performance has lagged behind his team-mate and it's Raikkonen's future that was being debated in the press. However Montezemolo confirmed that neither driver would be replaced for the coming season.

While in the paddock, Montezemolo also visited former champion Fernando Alonso and current leader Lewis Hamilton, but insisted that Alonso, who has been rumored to be angling for a seat with Ferrari, would have to wait at least a little while longer. Montezemolo also took the opportunity to express his displeasure with the new tracks being mixed into the calendar, stating that because overtaking is so difficult on these new circuits, the winner is often pre-determined in qualifying.

[Source: F1-Live Image: Andreas Solaro/Getty]

Montezemolo named head of Formula One Teams Association


When the Formula One teams met last week at the Ferrari factory in Maranello, they had yet to announce who would take over the helm of their newly-formed Formula One Teams Association. The group was formed to effectively negotiate on behalf of all the teams on a new commercial deal with Bernie Ecclestone's Formula One Management and on new regulations with the FIA. Reports now indicate that Luca di Montezemolo will act as the group's leader and spokesman.

Now if you're thinking that Montezemolo isn't a team principal, you're right. In fact, he hasn't been actively responsible for the Scuderia in decades. The hereditary Marquis de Montezemolo is president of Ferrari and chairman of the entire Fiat Group, and recently finished his term as chairman of industrial association Confindustria. Certainly a heavy hitter, well above to pay-grade of Scuderia Ferrari chief Stefano Domenicali. The top-level appointment certainly lends a great deal of weight and credibility to the new association.

[Source: F1-Live]

Geneva Motor Show: Ferrari shifts to neutral in Switzerland

Ferrari At Geneva 2007In typical fashion, Ferrari had an impressive presence in Geneva this year. While their corporate cousins across the aisle made a big splash with the unveiling of the Maserati GranTurismo, the marque from Maranello wasn't showing any substantial new products of their own.

As we reported earlier, Luca di Montezemolo – president of Ferrari, chairman of Fiat and veritable don of the Italian automotive industry (also tipped as the potential future president of Italy) – hinted at the unveiling of the 430 Challenge Stradale (an eight-cylinder road car that "will embrace the know-how of weight reduction and high performance learned from our F1 experience") at the upcoming Frankfurt show in September. Montezemolo also spoke about some historic Ferrari paint colors that have been recently resurrected, including a 612 Scaglietti on display in Grigio Ingrid, a shade of gray that was originally commissioned from Pininfarina by Italian filmmaker Roberto Rossellini for a 1954 Ferrari 375 MM that he bought for his wife Ingrid Bergman.

The Ferrari stand also featured the F2007 Formula 1 car, just over a week before the season kicks off in Melbourne, a 599 GTB Fiorano, a 430 Spider and two 612 Scagliettis, flanked by a team of suitably luscious models, all of which you can see in our high-resolution image gallery below.

Gallery: Ferrai at Geneva 2007


Rumors: Schumacher to lead Ferrari

The motorsport press rumor mill is grinding away at full speed on a juicy bit of gossip and speculation that Michael Schumacher is being groomed to take over as head of Scuderia Ferrari. After his retirement, Schumacher took on a role as a special advisor to Ferrari chief Jean Todt. It was supposed to be a low-key, backstage kind of position that would let the seven-time world champion continue to impart his experience to the team, but it apparently hasn't been as hands-off as they made it out to be: Schumacher has reportedly made more visits to Maranello and sat in on more key meetings in the past few months since his retirement than he did during the entire 2006 season.

An unnamed source inside Ferrari was quoted as saying that Schumacher's current level of involvement points to only one conclusion: that he's preparing to step in as team leader -- and it would make sense. A lot of F1 pundits said that it would be entirely likely for Schumacher to head up a team after retiring from active racing, but how could he leave Ferrari for another team? Ferrari today is the house that Michael built. He brought in the key staff, revamped the way the team works and turned it into a winning tour de force. Jean Todt has been looking to step away from directly managing the team since being promoted to overall head of Ferrari, but hasn't been able to up to this point. He's needed a capable successor.

Of course, Schumacher's representatives have denied it up and down, but it's hard to avoid the logical conclusion when all the pieces fit.

[Source: F1i]


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