Ferrari chief set to run Italian business group

Newswire

By Crispian Balmer ROME, Feb 27 (Reuters) - The road was cleared on Friday for Ferrari Chairman Luca Cordero di Montezemolo to take charge of Confindustria, Italy's powerful industrialists' federation which has suffered a loss of prestige in recent years. Montezemolo, a widely respected businessman with a high international profile, was left as the only candidate for the Confindustria hotseat after his rival withdrew from the race. "By now it's in the pocket," said Umberto Agnelli, ...

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