Marchionne to retire after 2018

Jan.11 - Ferrari president Sergio Marchionne says he plans to retire after 2018.

The 64-year-old took control of Fiat over a decade ago, but his ascendance at Ferrari has been more recent in the wake of Luca di Montezemolo's exit.

But Marchionne, an Italian Canadian, said in 2014 that he will "undoubtedly" retire after 2018.

And during a news conference in Detroit this week, he confirmed that his plans to begin his retirement from early 2019 remain on track.

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Leopold

Leopold Pleijsier founded F1-Fansite.com in 2001 and has followed Formula 1 since the early 1980s. He writes about daily F1 news, race weekends, drivers and the sport’s history.

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