Ferrari may need yet another new president after 2018

Ferrari could be looking for yet another new president in a few years time.

Sergio Marchionne, also the Fiat-Chrysler chief, is officially taking over from Ferrari’s Luca di Montezemolo next Monday.

But the 62-year-old has now told Bloomberg that he will "undoubtedly do something else" after the end of 2018.

"I am not going to do any more turnarounds. I’m done; let some of the young punks do it," he said.