News Details

Ferrari names Marchionne as CEO, seeks to regain F1 glory

Sergio Marchionne took full control of super sports carmaker Ferrari NV, adding the CEO title on Monday to that of chairman as he positions the carmaker in the luxury goods space and seeks to regain Formula One glory. Marchionne's replacement of CEO Amedeo Felisa came as Ferrari posted its best first-quarter earnings ever, a 19-percent increase in net profit to €78 million ($89.5 million). That compares with €65 million in the same period last year. 'I remain as bullish on the prospects for this company as I was when I present Ferrari to the markets,' Marchionne, who is also CEO of mass-market carmaker Fiat Chrysler, told an analyst conference call. 'We are just now beginning...
Full Story »
9y ago from F1Pulse.com 0
Share

You May Also Be Interested In...

Sergio Marchionne appointed as Ferrari’s new CEO

Sergio Marchionne, appointed as Ferrari's CEO, with Ferrari F1 team Chief...
9y ago from ThisIsF1.com

Ferrari must close gap quickly – Sergio Marchionne

Ferrari must close gap quickly – Sergio Marchionne Ferrari...
9y ago from ThisIsF1.com

Sergio Marchionne: 'It breaks my soul to see Ferrari...

Ferrari chairman Sergio Marchionne says it 'breaks his soul' to see...
9y ago from GrandPrixTimes.com

Marchionne appointed Ferrari CEO

Ferrari has announced that following the retirement of its Chief...
9y ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

Honda MotoGP Luca Marini suffers major injury in...

Honda HRC Castrol MotoGP rider Luca Marini sustained major injuries...

‘Major acceleration' in talks between Toprak...

Reports state that there has been a "major acceleration" in...
10h ago from MotorsportWeek.c...

Pedro Acosta: Silverstone MotoGP ‘a race of...

Pedro Acosta's patience is wearing thin with the KTM MotoGP project after...
14h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Veteran engineer Michael Cannon returns to Dale Coyne...

Dale Coyne Racing has announced that it has re-hired expert engineer...

Three drivers lose Indy 500 finishing positions after...

The NTT IndyCar Series has penalized three drivers following the...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal to 'make a move' for Premier League striker as...

Arsenal will look to strengthen their forward line in the summer transfer...
29m ago from SportsMole.co.uk

Manchester United update as club in 'pole position'...

Manchester United will need to make several additions if they are to climb...
59m ago from SportsMole.co.uk

Latest transfer news and rumours: Jorginho leaves...

Sports Mole rounds up the latest transfer news and rumours, including...
6h ago from SportsMole.co.uk

Report: Christopher Vivell watched 70m-rated Arsenal...

Manchester United are interested in signing Benjamin Sesko from German...
3h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.