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
Fermin Aldeguer defends himself after Francesco...
No description available...
15h ago from Motorsport.com
Aprilia: “Marco Bezzecchi couldn’t avoid the...
No description available...
17h ago from Motorsport.com
Winners and losers from MotoGP’s contentious Qatar...
No description available...
19h ago from Motorsport.com
Carlos Ezpeleta: Qatar GP “noise” left MotoGP...
No description available...
20h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar 2026 season review: Dale Coyne Racing
No description available...
12h ago from Motorsport.com
Colton Herta backs Mexico IndyCar race following Pato...
No description available...
4d ago from Motorsport.com
ECR prepares for IR-28 transition with in-house...
No description available...
6d ago from Motorsport.com
Jacob Abel ‘reevaluating everything’ after solid...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
New WRC constructor offers update on 2027 car...
No description available...
3d ago from Motorsport.com
Toyota explains call to run Celica and Yaris models in...
No description available...
6d ago from Motorsport.com
Oliver Solberg relishing Toyota’s historic Celica...
No description available...
5d ago from Motorsport.com
Sebastien Ogier tipped for partial WRC 2027 programme
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal send delegation to watch 80m Bundesliga star...
Arsenal have dispatched a scouting delegation to closely monitor RB...
12h ago from CaughtOffside.com
Report: Arsenal close in on major agreements ahead of...
Arsenal are reportedly close to a major triple contract agreement as Mikel...
16h ago from CaughtOffside.com
Barcelona target 24-year-old Arsenal ace but Fabrizio...
Barcelona are reportedly preparing to strengthen their defensive options...
15h ago from CaughtOffside.com
Comments
Hottest News
Oscar Piastri reveals 'scary' George Russell encounter...
It was a troubling moment for George Russell, and... Read More »
28m ago from RacingNews365.com
Lewis Hamilton back to McLaren? F1 insider tips Ferrari...
McLaren could potentially be an exit route for... Read More »
10h ago from GPFans.com
Lando Norris sends cheeky message to McLaren boss Zak Brown...
Amid his race-winning celebrations at the... Read More »
8h ago from GPFans.com
