A ceremony took place today to officially name the University of Modena's Faculty of Engineering in honour of Enzo Ferrari in recognition of the Prancing Horse founder's steadfast commitment to its creation.

Ferrari chairman Luca di Montezemolo and vice-chairman Piero Ferrari both attended. The latter, in fact, remembered his father's passionate determination that Modena should have its own faculty of engineering: "My father always believed in young people - right from the time he founded the company. Proof of that is that he called in Luca di Montezemolo as his assistant when he wasn't much over 20."

For his part, Montezemolo stressed how Enzo Ferrari's teachings are still very much alive in the company even though it has changed over the years, adding that the founder would most certainly approve of the firm as it now stands. "I learned a lot from Enzo Ferrari," he said. "I learned to give young people responsibility, to never give in, to always look ahead. Naming the faculty of engineering after Enzo Ferrari is a great acknowledgement both of the founder himself and Ferrari as a whole. Like all the other companies in the area, our relationship with the University is fundamental. It's an open University that will always be able to count on its relationship and dialogue with Ferrari."

Montezemolo encouraged the many students attending the ceremony to focus on their work, set themselves ambitious goals and keep dreaming. "It's important for the company, for Modena and for the nation as a whole that young people that deserve to are given the opportunity to shine."

At the end of the ceremony, the head of the faculty, Professor Giuseppe Cantore, presented his illustrious honorary degree holders with a commemorative plaque.