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Montezemolo set to stay as Ferrari head

Luca di Montezemolo looks set to continue as Ferrari president long-term after announcing that he will not campaign for a seat in the Italian Parliament. Di Montezemolo, 65, created the Italia Futura political association in 2009 with a view to gaining power in this year's general elections. He now says he will support prime minister Mario Monti's bid for a second term in the role, rather than pushing forward with his own political ambitions. "I will not run for a seat," he told Italian newspaper La Repubblica. "I will leave room to the many quality people who have supported and worked for the association these years. It's only fair that they should be the main...
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