Marchionne said last month that carmaking is "almost incidental" to Ferrari, which he sees more as a luxury stock. But Elkann, a scion of the Agnelli family who also heads Exor, dismissed the idea of a luxury conglomerate, saying that Exor's plan is to give Ferrari the chance to develop its own growth strategy. Elkann added that there are no plans at this stage to replace Ferrari Chief Executive Amedeo Felisa.