Luca di Montezemolo Criticizes Ferrari's Direction and Questions Betting on Electric Cars

 


The legendary former Ferrari CEO, Luca di Montezemolo, expressed his dissatisfaction with the new direction the iconic Italian brand has taken following the development of its first fully electric car, a project driven by the company's current management within the context of the global transition to more sustainable technologies.

Montezemolo publicly lamented that Ferrari is moving away from the principles and characteristics that, for decades, built the automaker's identity and made it one of the most recognized symbols in the world of luxury and high-performance motoring.

The former executive hinted at his disagreement with the design and concept of the new electric vehicle, although he avoided elaborating on his criticisms so as not to directly damage the company's image. However, his statements reflected concern about what he considers a loss of essence within the brand.

"If I were to say what I really think, I would end up harming Ferrari," Montezemolo commented, while also stating that he feels sadness about the direction the company is taking, from his perspective. He even joked that he hoped the famous prancing horse, Ferrari's historic emblem, wouldn't be placed on that model.

The former president's statements have sparked debate among brand enthusiasts, automotive industry specialists, and motorsport fans, especially amidst the industry's growing and controversial shift toward electric vehicles and policies focused on reducing emissions.

While some believe Ferrari must adapt to new environmental and technological demands to remain competitive in the global market, others think the electric transition could alter fundamental elements that have historically defined the experience and personality of the Italian firm's vehicles.

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