Luca di Montezemolo
๐ค SpeakerAppearances Over Time
Podcast Appearances
It is 90% owned by Ford, and it would make road cars.
There's a second called Ferrari Ford that's 90% owned by Ferrari.
He digs into it, and he's looking through the fine print, and he kind of realizes, if I want to go racing and Ford does not want to go racing...
And of course, Ford says, well, we're buying your company.
And in dramatic fashion, he blows up the deal right at the finish line, all while the papers had been reporting, you know, the information leaked that the Americans were about to buy this Italian national treasure, makes big headlines when the deal blows up.
Ferrari's public relations interest based on everything that we've been describing about their business strategy, of course.
Then Henry Ford II is absolutely incensed and he has this great quote.