Luca Cordero di Montezemolo is to leave the helm of Italian sports car maker Ferrari in mid-October. Rumours about the change had been flying around Italy for a while and now they have become reality.
Stop reading, start speaking
Stop translating in your head and start speaking Italian for real with the only audio course that prompt you to speak.
Di Montezemolo, who will receive a golden handshake of €27 million, is to be replaced by Fiat CEO Sergio Marchionne.