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
Liberty Media completes 4.3 billion takeover of...
Two weeks on from receiving unanimous EU approval, Liberty Media...
8h ago from MotorsportWeek.c...
Honda confirms Jorge Martin ‘an option’ for 2026...
Honda Team Manager Alberto Puig has reiterated its interest in signing...
11h ago from MotorsportWeek.c...
Liberty Media completes its purchase of MotoGP
No description available...
15h ago from Motorsport.com
The CRB is the F1 ‘court’ that could unlock Jorge...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Kyle Kirkwood runs to the top in opening IndyCar...
The NTT IndyCar Series returned to action on Friday, completing a...
2h ago from MotorsportWeek.c...
Christian Rasmussen handed six-place IndyCar grid...
IndyCar officials have handed Christian Rasmussen a six-place grid...
6h ago from MotorsportWeek.c...
Feature: Evaluating IndyCar’s hybrid power system...
The NTT IndyCar Series introduced its long-developed hybrid system in the...
1d ago from MotorsportWeek.c...
RLL having to ‘unwind’ and ‘backtrack’...
Rahal Letterman Lanigan Racing is making a concerted effort to move...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg goes Rally1 – Sebastien Ogier enters...
After dominant victories in WRC2 in Rally Sweden, Portugal and most...
16h ago from MotorsportWeek.c...
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
1d ago from Motorsport.com
Sebastien Ogier to make WRC return at Rally Finland
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal's striker target ‘is now clear'...
It is becoming increasingly clear that Arsenal’s summer striker search...
1h ago from FreshArsenal.com
Report: Crystal Palace could look to sign an Arsenal...
Arsenal have been linked with a move for Eberechi Eze from Crystal Palace,...
5h ago from CaughtOffside.com
Romano confirms 'contacts are taking place' for...
Arsenal are hoping to sign Noni Madueke from Chelsea during the summer...
8h ago from CaughtOffside.com
Journalist feels Arsenal are 'going to lose' player...
Arsenal attacker Ethan Nwaneri could be on his way out of the club during...
9h ago from CaughtOffside.com
Comments
Hottest News
F1 2025 British Grand Prix – FP2 Results
Lando Norris topped the timing sheets in FP2 for... Read More »
8h ago from MotorsportWeek.com
Max Verstappen confirms major 2026 decision
Max Verstappen has confirmed his plans for 2026... Read More »
6h ago from GPFans.com
F1 legend Brundle says Russell being 'embarrassed' by...
Sky Sports pundit Martin Brundle has opened up on... Read More »
3h ago from GPFans.com
