| Author |
Message |
Ken (Allyn)
Member
Username: Allyn
Post Number: 424
Registered: 10-2001
| | Posted on Sunday, May 19, 2002 - 10:02 pm: | |
I understand where Ernesto is coming from I think. I see the new Ferrais out with computerized stuff, paddle shifters etc. and I wonder if that's 'Traditional' to what a Ferrari is. I'm still a carburator fan for god's sakes. But you can't live in the past or you end up with a bad product. Look at Jaguar before Ford as was mentioned. Awful, awful cars.
So would GM put in all that extra junk American cars have like power ashtrays and the like? I sure hope not! But throwing a little money at quality control would sure help the product in the long run. Ferrari is like the Cubs. Poor quality but they're so popular everyone still spends money on them. I wish GM would buy the Cubs!!!! |
Stephen Patterson (Srpatterson)
Junior Member
Username: Srpatterson
Post Number: 172
Registered: 11-2001
| | Posted on Friday, May 17, 2002 - 10:36 pm: | |
Ernesto,
That is the most stupid, racist thing I have ever heard. You are obviously clueless.
That sort of mentality is why it took so long to accept black and hispanic baseball players. It is racist to judge a group as a whole, even Americans.
I hope you will reconsider your comment |
Ernesto (T88power)
Member
Username: T88power
Post Number: 391
Registered: 2-2001
| | Posted on Friday, May 17, 2002 - 10:29 pm: | |
Let me put is this way, if GM ever gets control of Ferrari, I will never buy another Ferrari car, just like I wont buy a Jaguar or Aston. They always find a way to Americanize (this is NOT a compliment by the way) everything they put their hands on... I could care less of expensive maintenance, etc etc. If I wanted cheap and reliable, I would have bought a Lexus..
But this will never happen ... (I hope) |
Stephen Patterson (Srpatterson)
Junior Member
Username: Srpatterson
Post Number: 167
Registered: 11-2001
| | Posted on Friday, May 17, 2002 - 9:49 pm: | |
Andrew,
Are you a business student? Because maybe you see something I don't. If GM were to acquire Ferrari do you really think they would sacrafice the brand name by reducing quality, or skimping on quality. What would be the point? They sell EVERY car they produce. What more could they do? Don't you think they are smart enough to recognize a money machine when they see one? Volume, you say? No problem. Ferrari has already thought of that one with the Maserati line. Maserati for volume and a lower price, Ferrari to set the benchmark. And then you sit back and rake in the money.
Why do you think Ford is reintroducing the GT-40? Why? Because they are hoping to capture some of the lost magic. Magic that Ferrari has never lost.
Remember how screwed up Jaguar was before Ford bought them? Quality was horrible. Manufacturing was done in a barn/warehouse environment. Engineering was non-existent. Ford came in and helped them design their way back to a quality product.
If and when Ferrari is ever acquired one thing you can be certain of, nobody smart enough to buy Ferrari would be stupid enough to change a winning formula
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Edward Gault (Irfgt)
Intermediate Member
Username: Irfgt
Post Number: 1419
Registered: 2-2001
| | Posted on Friday, May 17, 2002 - 9:34 pm: | |
Sacrifice quality? At 15,000 miles a Corvette needs an oil change. At 30,000 it needs an oil change. At 45,000 it needs an air filter and an oil change. ETC,ETC. At 100,000 miles it gets the biggie, Spark plugs and an oil change. Driven 100 miles? Keep in mind that the Corvette which is made by General Motors won the J.D Powers Award for Initial Quality. How many times has Ferrari won it? Just because something is hand made and driven half way across a State dosen't make it better. |
Edward Gault (Irfgt)
Intermediate Member
Username: Irfgt
Post Number: 1418
Registered: 2-2001
| | Posted on Friday, May 17, 2002 - 9:29 pm: | |
Sacrifice quality? |
Andrew (Mrrou)
Member
Username: Mrrou
Post Number: 319
Registered: 3-2002
| | Posted on Friday, May 17, 2002 - 9:02 pm: | |
floyd its because GM will want to increase ferrari profits by sacrificing quality to save the extra money...also you know how each ferrari is driven 100 miles before its deliovered to the dealer? that will be the first thing to do if GM buys Ferrari |
Floyd Lawson (Floyd8686)
New member
Username: Floyd8686
Post Number: 8
Registered: 5-2002
| | Posted on Friday, May 17, 2002 - 2:04 pm: | |
Dave, with all due respect, even if GM bought Ferrari, how is taking a Ferrari to a GM franchise any different than taking an Aston Martin in for service? Aston's generally have their own dealerships, with their own service techs, etc. Using my local Aston dealer as an example, you'd never know they were owned by Ford.
I don't think you'd see Ferraris next to Cavaliers. |
Frank Parker (Parkerfe)
Member
Username: Parkerfe
Post Number: 909
Registered: 9-2001
| | Posted on Friday, May 17, 2002 - 1:19 pm: | |
$5000.00 per share and you will have to have the ink on the certificate redone every 3 years. |
Dave (Maranelloman)
Junior Member
Username: Maranelloman
Post Number: 168
Registered: 1-2002
| | Posted on Friday, May 17, 2002 - 1:15 pm: | |
The thing that REALLY scares me about the whole Fiat thing is that GM has an option to buy its ENTIRE automotive division. Fiat claims it will never include Ferrari in this, but...as they get deeper & deeper into their self-induced financial morass, I have less & less faith in this promise.
Imagine going to a GM franchise to get your Ferrari fixed, or get warranty work done. Ouch! |
Ken (Allyn)
Member
Username: Allyn
Post Number: 420
Registered: 10-2001
| | Posted on Friday, May 17, 2002 - 12:32 pm: | |
Let me guess: $5000 a share. |
Chuck Rine (Chuck348ts)
Junior Member
Username: Chuck348ts
Post Number: 104
Registered: 5-2001
| | Posted on Friday, May 17, 2002 - 12:21 pm: | |
Here is the official announcement from the Ferrari Owners' Site:
Green light to Ferrari float on the Italian Stock Exchange
Maranello, 14th May - The Boards of Directors of Fiat S.p.A. and Ferrari S.p.A. have decided to seek a listing of the shares of Ferrari S.p.A. on the Italian Stock Exchange.
To that effect, the Board of Directors of Ferrari has decided to apply for a listing of the Ferrari shares, expected to become effective prior to the end of the current year. The Initial Public Offering (IPO) will also be conducted through a capital increase of an amount sufficient to support the company�s current development plans. In addition, its stock exchange listing will enable the Ferrari Maserati Group to raise in the financial markets the resources needed to fund its strong growth going forward.
The Board of Directors of Fiat S.p.A., which holds 90% of the outstanding share capital of Ferrari, has expressed its full support for this transaction. To facilitate the offering and create a sufficient free float, the Fiat Board has announced its intention to sell a portion of its Ferrari shares as part of this operation. Following the transaction, Fiat intends to retain a controlling interest in Ferrari. |
David Albright (Dalbright)
Member
Username: Dalbright
Post Number: 327
Registered: 2-2001
| | Posted on Wednesday, May 15, 2002 - 10:00 am: | |
FIAT is also about to layoff about 5000 workers from the automotive division. They are in pretty big trouble! All the news casts from Italy are reporting on this. Ferrari will be floated before 2002 is over. |
TomD (Tifosi)
Member
Username: Tifosi
Post Number: 720
Registered: 9-2001
| | Posted on Wednesday, May 15, 2002 - 9:59 am: | |
yeah, the other thread said this, it was offical yesterday 10% |
Richard Stephens (Dino2400)
Junior Member
Username: Dino2400
Post Number: 86
Registered: 10-2001
| | Posted on Wednesday, May 15, 2002 - 9:49 am: | |
Well, the Formula 1 news websites are reporting that Fiat will indeed float Ferrari on the Milan stock exchange. Quotes from Montezemolo and everything. They say Fiat will retain a "controlling interest" however.
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