The departure of Montezemolo, announced by Fiat on Wednesday, was widely expected after escalating clashes between the two executives over strategy and the role of the luxury sports car business within the Fiat group. Fiat shares … The Oct. 13 …

ROME– Ferrari, a byword for flashy sports cars, hit rough ground Wednesday with the shock announcement that its president of 23 years, Luca Cordero di Montezemolo, has been pushed out after a boardroom split. Just days after saying he wanted to stay …

While 25 percent of all new cars are leased and 60 percent of luxury cars are leased, 70 percent of electric vehicles are leased, he said. One of the hottest parts of the market has been the luxury vehicle, Edmunds' Acevedo said. BMW's i3 is the newest …

As the Mercedes-Benz SLS AMG, the company's rehash of the legendary 300SL coupes of old, reaches its final production legs, it appears that Mercedes hasn't been sitting idly waiting for Porsche, Aston Martin, BMW, or other luxury car manufacturers to …

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Luca Cordero di Montezemolo, chairman of Italian luxury sports carmaker Ferrari, is quitting to be replaced by the boss of parent group Fiat after the two men clashed over strategy. Montezemolo, one of Italy's best-known and most colorful businessmen …

Fiat owns 90 percent of Maranello-based Ferrari, which is a key asset in Marchionne's strategy to expand the automobile manufacturer's presence in the luxury car market to help it compete with the likes of Volkswagen AG (OTCMKTS:VLKAY), which also …

Ferrari, which is part of the Fiat Chrysler group, is a key component in Marchionne's plans to expand profitable luxury-car offerings, according to Automotive News. Montezemolo, who has directed Ferrari for 23 years, opposed that plan and wanted to …

PARIS — The chairman of Ferrari said on Wednesday that he was stepping down after 23 years with the Italian sports car maker, making way for Sergio Marchionne, the chief of the parent group Fiat Chrysler Automobiles, to assume the top spot. The …