News Details
Marchionne responds to Ferrari buy-out rumors
Ferrari chairman Sergio Marchionne has denied rumors that he could make a bid for the iconic brand in the future. The Fiat-Chrysler boss is scheduled to remain at the helm of the automotive group until April 2019, but continue to manage Ferrari at least until early 2021, at which point many believe he could take the Italian manufacturer private. Visiting the Detroit Auto Show yesterday, Marchionne crushed the rumors however. "Who puts such stories into circulation? That’s nonsense!" said the Canadian-Italian manager. "Calculate that Ferrari is worth 20 billion on the stock market, so at what price would I have to buy the company? We are talking about 30 billion dollars....
Full Story »
Full Story »
You May Also Be Interested In...
Ferrari and Lauda wouldn't mix - Marchionne
Ferrari chairman Sergio Marchionne says there would be no place today at...
7y ago from F1i.com
No place at Ferrari for Lauda – Marchionne
Sergio Marchionne says there is no place at the Italian team for former...
7y ago from ThisIsF1.com
Fred Vasseur wants Alfa Romeo works team future for...
Sauber team principal Frederic Vasseur says the goal is for the Swiss...
7y ago from MotorsportWeek.com
Formula 1 Gossip: No space for prophet like Lauda,...
Ferrari Chairman and CEO, Sergio Marchionne has revealed that Niki Lauda...
7y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Max Biaggi: Aprilia 'not scared by any track' after...
No description available...
18h ago from Motorsport.com
The MotoGP changes Liberty Media should make,...
No description available...
1d ago from Motorsport.com
Fabio Quartararo reveals MotoGP moment that felt...
No description available...
2d ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Ranking IndyCar’s rising stars to watch in 2026
No description available...
1d ago from Motorsport.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
3d ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
3d ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Could time bonuses solve the “yo-yo effect” at the...
No description available...
15h ago from Motorsport.com
Dakar 2026, Stage 7: Mattias Ekstrom wins stage after...
No description available...
17h ago from Motorsport.com
Tyre Lottery at the 2026 Dakar Rally: What’s going...
No description available...
1d ago from Motorsport.com
Why M-Sport has faith in youth over experience WRC...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“If I say too much, drug testers will come” -...
Former Manchester United striker Danny Welbeck had a humorous response to...
33m ago from SportsKeeda.com
Player ratings: Portsmouth 1-4 Arsenal
Arsenal progressed to the fourth round of the FA Cup with a 4-1 victory at...
10h ago from FreshArsenal.com
Papers: Arsenal join the race to sign Guehi
The top stories and transfer rumours from Friday's newspapers...
10h ago from SkySports.com
Papers: Arsenal and Man City to battle for Livramento...
The top stories and transfer rumours from Saturday's newspapers...
10h ago from SkySports.com
Comments
Hottest News
Oscar Piastri urged to adopt ruthless F1 approach at McLaren
Oscar Piastri was content with complying with... Read More »
43m ago from RacingNews365.com
Aston Martin bends knee to Adrian Newey F1 demand
Aston Martin has hired ex-Red Bull simulation... Read More »
12h ago from MotorsportWeek.com
Charles Leclerc's family grows after pregnancy announcement
The family of Ferrari F1 star Charles Leclerc is... Read More »
8h ago from GPFans.com
