Luca di Montezemolo is already president of Ferrari and chairman of the entire Fiat group, but he isn't about to stop there. Together with Diego della Valle from the famous driving-shoemaker Tod's, the hereditary Marquis di Montezemolo is investing in a new company called Nuovo Transporto Viaggiatori (NTV) that plans to start a new high-speed rail service across Italy with a new train design that could put the final nail in Alitalia's coffin.

In the wake of the FIA's shocking proposal to move to standardized spec engines across the Formula One grid, the participating teams have met to come up with alternative cost-cutting measures to implement in the sport. After what was described as an unprecedentedly unanimous meeting of team principals under the newly formed Formula One Teams Association, Ferrari's Luca di Montezemolo and Toyota's John Howett met with our favorite whipping post, Max Mosley, on neutral ground in Geneva to discuss alternatives.

When the Formula One teams met last week at the Ferrari factory in Maranello, they had yet to announce who would take over the helm of their newly-formed Formula One Teams Association. The group was formed to effectively negotiate on behalf of all the teams on a new commercial deal with Bernie Ecclestone's Formula One Management and on new regulations with the FIA. Reports now indicate that Luca di Montezemolo will act as the group's leader and spokesman.