| Author |
Message |
ross koller (Ross)
Junior Member
Username: Ross
Post Number: 131
Registered: 3-2002
| | Posted on Wednesday, June 19, 2002 - 5:59 am: | |
thats why they are doing an ipo on ferrari - the eventual idea is to ringfence it so that it can exist on its own (or be sold as a unit). i would not despair too much though about any hostile takeovers; italian business is run for the good of italy, and the other major industrialists will likely get together and keep ferrari out of the hands of any foreign owners. this is another reason why ferrari were given maserati and told to make something out of it - that will be the cash-cow to keep the fcars alive and well. |
wm hart (Whart)
Member
Username: Whart
Post Number: 361
Registered: 12-2001
| | Posted on Tuesday, June 18, 2002 - 7:38 pm: | |
FIAT is a giant industrial concern, like a GE, or bigger, here. It does not confine itself to car manufacture, which has been losing money for years; i don't know about its industrial equipment business (like catepillar here). Ferrari, while profitable, is a drop in the bucket given the size of that organization; it is my understanding that the company is trying to leverage everything it can to stay alive, under a mountain of debt. |
Kenny Herman (Kennyh)
Member
Username: Kennyh
Post Number: 280
Registered: 8-2001
| | Posted on Tuesday, June 18, 2002 - 7:22 pm: | |
My dad possed this question to me today- and after explaining to him that almost all of the F-Cars are in such demand that their are waiting lists- he then asked why in the papers, it said they were clossing plants and possibly going public so they can stay afloat. Any help? |
|