Ferrari's first hybrid 'looks terrific', says Ratan Tata

Ferrari CEO Luca Cordero di Montezemolo talks to Tata Group chairman emeritus Ratan Tata after viewing the new LaFerrari hybrid car at the 83rd Geneva auto show.

Tata pored over every inch of the new million-euro LaFerrari on the Italian supercar maker’s stand at the Geneva auto show. Ferrari’s first hybrid “looks terrific”, said Tata, a close friend of Ferrari chairman Montezemolo. But will he buy one? “I don’t have the money,” Tata joked. The issue is moot: Every one of the 499 LaFerraris slated for production has already been spoken for. Sergio Marchionne, chief executive of Ferrari’s parent company Fiat, says he has reserved one of them.