News Details
Floatation should not impact Ferrari negatively in F1
Sergio Marchionne has denied that Ferrari's floatation will affect the legendary Formula 1 team. Earlier, owner Fiat Chrysler floated 10 per cent of the Maranello marque's shares. And now president Marchionne has confirmed that the bulk of the remainder will be listed on the Milan Stock Exchange on January 4. It is said the windfall to Fiat will be about $4 billion, with former president Luca di Montezemolo telling Italian media that Ferrari 'has become Fiat's cash machine'. But Marchionne said on Monday: 'The stock market will not affect the future of the racing department. 'One has nothing to do with the other, even if Wall Street or Milan will watch the results of the grands prix with...
Full Story »
Full Story »
10y ago from GrandPrix247.com
0
You May Also Be Interested In...
Marchionne: Thinking about bringing Alfa Romeo back to...
Fiat Chrysler could bring the Alfa Romeo brand back to Formula One as a...
10y ago from GrandPrix247.com
Marchionne: Vettel more of a Ferrarista than Alonso...
In assessing Sebastian Vettel's first year at Ferrari, president Sergio...
10y ago from GrandPrix247.com
Marchionne: Important we win the first race of 2016
Ferrari president Sergio Marchionne says the Maranello team should start...
10y ago from GrandPrix247.com
Marchionne targets Australian GP win for Ferrari
Ferrari president Sergio Marchionne says the Maranello team should start...
10y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
VR46 riders left amazed by Valentino Rossi's...
No description available...
53m ago from Motorsport.com
Marc Marquez’s remains cautious as recovery...
No description available...
2h ago from Motorsport.com
Cal Crutchlow gets Misano test as potential Johann...
No description available...
7h ago from Motorsport.com
Pramac MotoGP team announces arrival of Ross Brawn to...
Pramac has announced that former Formula 1 team boss Ross Brawn has...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Winners and losers from the 110th running of the...
No description available...
21h ago from Motorsport.com
Romain Grosjean earns Indy 500 biggest mover award...
No description available...
21h ago from Motorsport.com
Indy 500 purse climbs dramatically, surpassing $30...
Participants in the 110th running of the Indianapolis 500 were awarded a...
1d ago from MotorsportWeek.c...
Mick Schumacher named Indy 500 Rookie of the Year
Mick Schumacher has been named the Indianapolis 500 Rookie of the Year...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hankook reveals plans for new 2027 WRC tyres, plus...
No description available...
6h ago from Motorsport.com
Takamoto Katsuta: “There is no question, it is full...
No description available...
1d ago from Motorsport.com
Toyota “nervous” of Hyundai threat ahead of WRC...
No description available...
1w ago from Motorsport.com
The mental challenge WRC leader Elfyn Evans faces at...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Premier League 2025-26 review: the team of the season
no Fernandes, Elliot Anderson and Igor Thiago join a number of Arsenal and...
1h ago from TheGuardian.com
Jack Wilshere explains why Arsenal are well placed to...
Former Arsenal star Jack Wilshere explains why Arsenal are well placed to...
23m ago from SportsKeeda.com
“I get winning goal energy' - Ian Wright predicts...
Ian Wright has predicted that Mikel Merino will score the winning goal for...
2h ago from SportsKeeda.com
Arsenal latest: Injury boost? Timber makes Netherlands...
No description available...
2h ago from SkySports.com
Comments
Hottest News
Hamilton reveals Mom’s 'lucky charm' magic behind Canada...
Lewis Hamilton enjoyed a highly productive... Read More »
1h ago from F1i.com
FIA review and new racing guidelines - Inside Mercedes team...
Mercedes F1 boss Toto Wolff has revealed the... Read More »
2h ago from GPFans.com
'Mercedes don't need to intervene in Antonelli-Russell...
Following a dramatic series of battles between... Read More »
1h ago from SkySports.com
