Luca di Montezemolo could be set to leave Ferrari.
It is reported that French broadcaster TF1 is predicting a change at the top of the Maranello based team.
Italian Montezemolo, 62, joined Fiat in the 70s and worked as Enzo Ferrari’s assistant before running the famous team.
He became Ferrari president in 1991, but for several recent years has been linked with a move into politics.
Tipped to be Montezemolo’s successor is 34-year-old Andrea Agnelli, part of the famous Agnelli family and currently president of the Juventus football club.
However, earlier in July, Fiat denied similar rumours that appeared in the Milan newspaper Libero.