By Lorenzo Gotti
June 28 2002

Ferrari chief Luca di Montezemolo is considering his future at the company that runs Formula One's most dominant team and builds some of the world's most desirable cars. Di Montezemolo, has been head of the revered Italian company since 1991.

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"The cycle that I began is over and now is the time to reflect a bit," Di Montezemolo said at a presentation of a new production plant at Ferrari headquarters near Modena. Asked whether he might resign his position, he added: "I have to reflect, but it will be a matter of weeks."

Earlier, Di Montezemolo said he had not been informed about an agreement on Thursday by parent group Fiat to sell a 34% stake in Ferrari to investment bank Mediobanca for 775m euros (£500m).

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