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Giovanni Agnelli, left, and Ferrari's President Luca Cordero di Montezemolo attend the unveiling ceremony of the new Ferrari F310 Formula1 car, in Maranello, Italy, in this February 15, 1996 photo. Fiat's board announced in Turin, Sunday May 30, 2004, that Luca Cordero di Montezemolo has been picked as its new chairman and 28-year-old Agnelli family heir John Elkann as vice-chairman. Soon after the Fiat board's communications the company's CEO Giuseppe Morchio announced his resignation. (KEYSTONE/AP Photo/Luca Bruno)