The chief executive of Ferrari’s Italian carmaker parent Fiat has survived a high speed crash on a Swiss highway, according to reports.
Sergio Marchionne’s Ferrari 599 GTB Fiorano, valued at about (US) $270,000, was travelling at 100kph on the A1 highway on Saturday when it collided with another car.
Media photographs of the scene show heavy front-end damage to the red sports car. The Swiss daily Blick said the Ferrari is too damaged to repair.
Another Swiss daily, Aargauer Zeitung, reported that nobody was hurt.
