Ferrari chairman Luca Cordero di Montezemolo will receive a staggering payoff of nearly £27 million euros (£21.5 million) after he leaves the sports car manufacturer.
Montezemolo will be replaced by Fiat boss Sergio Marchionne after the pair clashed over strategy and the Ferrari F1 team's poor results.
A black Ferrari 430 racing car has been stolen from the car park of a hotel in Hethersett near Norwich.
The £170,000 vehicle, which is not a road car, was towed away by thieves in a Mercedes Sprinter van on Thursday evening.
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