F1 top news

Floatation will not hurt Ferrari in F1 – Marchionne

Floatation will not hurt Ferrari in F1 - Marchionne

Floatation will not hurt Ferrari in F1 – Marchionne

Sergio Marchionne has denied that Ferrari’s floatation will affect the fabled F1 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 a bit of extra attention.”

Loading...
Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

If you want any editorial or advertisement enquiry, Please send mail to thisisf1site@gmail.com and Info@thisisf1.com


Copyright © 2015 The Mag Theme. Theme by MVP Themes, powered by Wordpress.

To Top