Intro:

Luca Di Montezemolo confirmed that he will step down as Ferrari chairman at a packed news conference on Wednesday (10th September).

Script:

SOUNDBITE: (Italian) Luca Cordero di Montezemolo, Ferrari Chairman:

"This is a very important day for me. Along with my family, Ferrari is one the most important things in my life. I believe the relationship with this territory is fundamental. In this territory, in Maranello, in Fiorello, in Modena are our roots and they will continue to be here. Ferrari means culture, Ferrari means passion, Ferrari means to look ahead - that's precisely what we've tried to do during these years on all fronts whether it be organisation, technology, plant renovation, while maintaining our relationship with our history, culture and tradition stable."

SOUNDBITE: (Italian) Luca Cordero di Montezemolo, Ferrari President:

"I have to thank and remember an extraordinary driver, someone who did more than anyone for us and created history with his wins. A particular thanks goes to Michael Schumacher".

SOUNDBITE: (Italian) Sergio Marchionne, Ferrari Chief Executive:

"The problem is not about the product we have on the market, we need to give credibility to Ferrari on the track, I'm fixed on that; We need to return to the top. That will give a support to the rest of Ferrari. Winning on the track is something that is not negotiable."

SOUNDBITE: (Italian) Sergio Marchionne, Ferrari Chief Executive:

"I think that 2014 will be a difficult year, and collectively we will have a hard time accepting the fact that we will not win. We hope to do better next year and will let you know of any new elements we decide to make public."