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
Why MotoGP hails 2025 season as a...
MotoGP promoter Dorna Sports has described the conclusion of the 2025...
1d ago from MotorsportWeek.c...
Honda wouldn’t even be in top 10 without mid-year...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
14h ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
1d ago from Motorsport.com
FOX Sports, IndyCar reveal broadcast schedule for 2026...
No description available...
2d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
19h ago from MotorsportWeek.c...
Romet Jürgenson to compete in opening three WRC2...
The rising Estonian talent is joined by co-driver Siim Oja and start...
19h ago from MotorsportWeek.c...
Toyota brings Corolla back to rallying with all-new...
No description available...
1d ago from Motorsport.com
Gregoire Munster to contest Dakar Rally and WRC Monte...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“Does not deserve to start”, “Just isn’t the...
Martin Odegaard has found himself at the center of criticism from Arsenal...
3h ago from SportsKeeda.com
Arsenal land Christmas No 1! Arteta has ‘belief and...
Arsenal manager Mikel Arteta insisted being top at Christmas again gave...
3h ago from SkySports.com
Arsenal edge Everton to be Christmas No 1 amid more...
Arsenal ensured they would be top of the Premier League at Christmas as...
5h ago from SkySports.com
Premier League news: Guardiola dismisses exit talk and...
No description available...
5h ago from TheGuardian.com
Comments
Hottest News
F1: Mercedes and Red Bull power units under scrutiny
Barely has the current season ended than two... Read More »
12h ago from Pitpass.com
The F1 legend that got 'told off' over Top Gear appearance
One F1 legend's Top Gear appearance didn't go to... Read More »
6h ago from GPFans.com
Max Verstappen issues early retirement threat to F1 unless...
Four-time F1 world champion Max Verstappen has... Read More »
8h ago from GPFans.com
