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 »
9y 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...
9y ago from GrandPrix247.com
Marchionne: Vettel more of a Ferrarista than Alonso...
In assessing Sebastian Vettel's first year at Ferrari, president Sergio...
9y ago from GrandPrix247.com
Marchionne: Important we win the first race of 2016
Ferrari president Sergio Marchionne says the Maranello team should start...
9y ago from GrandPrix247.com
Marchionne targets Australian GP win for Ferrari
Ferrari president Sergio Marchionne says the Maranello team should start...
9y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
BMW Motorrad looking to buyout KTM – report
Reports indicate that German manufacturer BMW Motorrad is looking to buy...
33m ago from MotorsportWeek.c...
Reigning MotoGP champion Martin will miss Thai GP due...
No description available...
33m ago from Motorsport.com
Rating the prospects of MotoGP’s 2025 rookie crop
No description available...
3h ago from Motorsport.com
Jorge Martin to miss Thai MotoGP season opener
Reigning MotoGP champion Jorge Martin will miss out on the season opener...
13m ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Team Penske quickest in final IndyCar test day
The NTT IndyCar Series held its second and final preseason open test day...
5d ago from MotorsportWeek.c...
IndyCar tire allocations, practice rules updated for...
IndyCar has announced multiple updates to rules regarding use of the...
4d ago from MotorsportWeek.c...
Pato O’Ward fastest in first day of IndyCar...
The entire NTT IndyCar Series paddock set up shop in Sebring, Florida on...
6d ago from MotorsportWeek.c...
Pit lane speed adjustments made for 2025 IndyCar season
The NTT IndyCar Series has announced a few changes for the upcoming 2025...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC drivers follow F1 in statement to FIA president
World Rally Championship drivers have penned a strongly-worded statement...
1h ago from MotorsportWeek.c...
WRC drivers call on FIA president for “urgent...
No description available...
5h ago from Motorsport.com
Elfyn Evans wins Rally Sweden by a whisker
Super Sunday on Rally Sweden was just that! After 300km of hard racing,...
1w ago from MotorsportWeek.c...
Elfyn Evans under pressure on Rally Sweden –...
Elfyn Evans and Scott Martin maintained their lead on Rally Sweden after...
1w ago from MotorsportWeek.c...
Popular On GunnersToday.com
'I like him and his movement' –Gary Lineker urges...
No description available...
6h ago from SportsKeeda.com
Arsenal transfer news: Gunners 'to rival Liverpool'...
Arsenal are reportedly contemplating whether to rival Liverpool in the...
6h ago from SportsMole.co.uk
Report: La Liga star made available as Arsenal eye...
Arsenal are reportedly eyeing a potential move for Barcelona’s star...
3h ago from CaughtOffside.com
Premier League: 10 talking points from the weekend’s...
ners lose their heads while Mohamed Salah outperforms Kevin De Bruyne in...
7h ago from TheGuardian.com
Comments
Hottest News
Aston Martin fools F1 rivals with surprise car design...
The 2025 Aston Martin F1 car hit the track in... Read More »
2h ago from RacingNews365.com
Newey reveals his favourite F1 team... and it's NOT Red Bull
Adrian Newey has lifted the lid on his favourite... Read More »
3h ago from GPFans.com
2025 Mercedes F1 car features wholesale changes to dial out...
Mercedes Technical Director James Allison has... Read More »
53m ago from MotorsportWeek.com
