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29 Oct 2014, 14:00 (Ref:3469701) | #1 | ||
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Ferrari to be "sold off"
According to this article in Pitpass: http://www.pitpass.com/52807/Ferrari...er-Automobiles , Ferrari is to be be split from Fiat-Chrysler.
One wonders whether this will have implications for the sustainability of the F1 race team! |
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29 Oct 2014, 14:05 (Ref:3469703) | #2 | ||
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Quote:
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29 Oct 2014, 14:37 (Ref:3469713) | #3 | ||
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Seems a very strange way to raise extra finance for the group with only 10 percent sold and the rest given away to existing shareholders, How much will it actually raise, ferrari is not a very profitable entity on it's own
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29 Oct 2014, 14:50 (Ref:3469717) | #4 | ||
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overly cynical perhaps, but i just cant wait to see what investment vehicle rushes in to buy the brand!
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29 Oct 2014, 15:26 (Ref:3469729) | #5 | |
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With few exceptions, most low volume sports car companies struggle to remain viable as independent entities c.f. Lotus, Lamborghini, TVR etc... They only work when they're part of a larger auto family. If Ferrari are acquired by another auto manufacturer, then they will come under the motor sports strategy of that entity. If they're bought by a non auto concern then expect significant belt tightening to occur. Couple both the above with the chaotic Ferrari culture and you can rest assured the F1 programme will be very different from the present gravy train... that's if it remains at all.
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29 Oct 2014, 16:59 (Ref:3469762) | #6 | ||
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It is being spun off, out of the present conglomerate that is no longer based in Italy. The head office of FCA is outside of Italy. 10% will be floated to raise capital for FCA. 80% will remain with the primary shareholders of FCA. It is being spun off out of FCA but real control will remain in probably Agnelli hands. 10% is with Piero Ferrari. Fiat controls Chrysler, which is a subsidiary of Fiat. FCA is the holding conglomerate for both Fiat and Chrysler. Fiat will still own and control Ferrari, but separate from FCA. Last edited by Teretonga; 29 Oct 2014 at 17:13. |
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29 Oct 2014, 18:58 (Ref:3469792) | #7 | |||
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Saward has this: http://joesaward.wordpress.com/2014/...n-off-ferrari/
Quote:
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31 Oct 2014, 01:47 (Ref:3470126) | #8 | |
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I'll have to buy a few shares for my investment account for kicks.
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31 Oct 2014, 03:13 (Ref:3470142) | #9 | ||
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Does FIAT have to sell off Ferrari to raise the cash to pay off Mr Alonso for the next few seasons?
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