According to a rumour at the Paris Motor Show on Thursday, Italian carmaker Fiat is considering selling some of its shares in Ferrari and the famous Formula One team.
The rumour emerged a few days ago based on a report in the Corriere della Sera newspaper, suggesting Fiat wants to raise money to increase its stake in Chrysler to 51 per cent.
Fiat, who currently own 85 per cent of Ferrari, has denied the rumours that it is prepared to reduce its shareholding to a controlling 51 per cent.
The other significant Ferrari owner is Abu Dhabi investment company Mubadala.
Maranello based Ferrari is valued at more than $3 billion.
At the Paris motor show on Thursday, Ferrari president Luca di Montezemolo said the marque's profits were close to record highs in 2010.
"Despite the crisis we'll close the year better than last year," he said.
The Italian also played down the latest reports he is considering entering politics, insisting he is "ready to work a lot for the future of Ferrari".
Source: Motorsport.com
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Kamis, 30 September 2010
Rabu, 05 Mei 2010
Rabu, 21 April 2010
Montezemolo steps down at Fiat, wants Rossi in F1
Luca di Montezemolo has stepped down as chairman of the Italian carmaker Fiat.
He will, however, remain president of Ferrari, with 34-year-old John Elkann - a descendant of the founding Agnelli family - replacing him at Fiat because Montezemolo has "finished the task" he began in 2004.
Montezemolo, 62, denied the move is a precursor to moving into Italian politics or even founding his own party, insisting he is staying on the Fiat board and will not stop heading Ferrari.
On the same day, Montezemolo announced that he still wants "major teams" such as Ferrari "and McLaren" to be allowed to enter third cars in grands prix.
"We want a third car and I would do everything to have Valentino (Rossi)," he told reporters.
"When he wins this year's MotoGP, enough is enough, he must also win in Formula One," the Ferrari chairman and president added.
Source: Motorsport.com
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