Marchionne not confirming Ferrari role beyond 2019


Sergio Marchionne will step down as the CEO of Fiat Chrysler Automobiles in 2019, but has yet to announce if he will remain at the helm of Ferrari.

The 64-year-old had initially intended to leave the Italian-American automotive conglomerate next year, but decided to extend his stay in order to finish the group's ambitious plans.

It has been suggested that Marchionne would relinquish his FCA role next year, he would however remain the president of Ferrari until at least 2021.

When asked about that in Shanghai last weekend, the Italian-Canadian said: "Let's talk about something else."

Indeed, Ferrari's main topic is the current form of the Scuderia and the future of its drivers as both Sebastian Vettel and Kimi Raikkonen see their contracts expire at the end of 2017.

"We will solve that too," Marchionne told Italy's La Republicca.

The Ferrari boss also touched on the subject of Formula 1's teams taking up Liberty Media's offer to acquire a vested interest in the sport through the purchase of shares.

While Ferrari already owns a small stake in the Formula 1 Group, Mercedes is another outfit contemplating an investment.

"We have met with Toto Wolff to evaluate if it is worth it," Marchionne said.

"Of course, the opportunity is there. If it makes sense from a financial point of view, we will."

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