I mean, heck, they were good at it 60 years ago, so how could this not work? Hardly much has changed I bet... This sounds like a huge money sink hole...although nothing but good for Ferrari as they get some cash to "subsidize" their engine development costs.
This raises sort of an interesting point. Is FCA going to distance itself from Ferrari? The "spin-off" reduced FCA's stake in Ferrari, but what if they further reduced their investment. FCA could be positioning Alfa Romeo to be a competitor to Ferrari. And what better way to do that than by taking Ferrari on in F1. I will admit that this is far fetched, but so was the initial offering of Ferrari stock, which some saw as FCA beginning the end of its involvement in Maranello .
The possibility of Alfa joining F1 is an exciting thought which makes no business sense. With Chrysler, Alfa, Maser, and Lancia sucking the coffers dry I can't imagine there is any money left over for an Alfa F1 team. The Alfa sticker on the side of the F1 car will have to do for now. Image Unavailable, Please Login
But the majority of Ferrari shareholders are still the Agnelli family, so I don't see any changes coming just because their stock is now only Ferrari!
Yes exactly. Ferrari while floated on the exchange is still firmly in the hands of Exor and Piero Ferrari, they are just richer now than 6 months ago. The question would be if Exor gets into trouble and Piero Ferrari cant pony up the cash to buy out Exor, then what happens? I'm sure there is an internal put etc... but still that would be a real sea change for Ferrari, who would then be open to market demands. as it is now - Ferrari is the same, and will be tied to FCA regardless of the ownership structure.
According to Marchionne, Alfa Romeo's return to F1 depends on the success of the Giulia. Marchionne: "Ferrari, si può risalire. Alfa in
If I remember rightly, Ferrari was previously owned 90% by FIAT and 10% by Piero Ferrari. I don't know who are the shareholders now, but I doubt that Piero Ferrari's stake has grown substantially since the firm was floated on the stock exchange. If anything, his percentage of shares may have decreased, although their value could have gone up. All this to say that I don't think the Ferrari family is a major player now.
Yes, as if the future of the motosport activity depends on one car. The only way I see Alfa Romeo it is a 'place-holder' ala Tag-Heuer. So the sweater guy wasn't Jean Todt? .
Piero Ferrari still owns 10% of Ferrari, which is what his father left him. The Agnelli family (and previous FIAT owners) are still majority owners of Ferrari. For every 10 shares of FIAT stock, owners received 1 share of Ferrari, and of course the approximate value of that 1 share of FIAT meant the value of FIAT shares went down, no real gain for the average Joe stockholder.
January 2016 Ferrari N.V. shareholders % FCA Shareholders - 56.5% Exor (Agnelli Family) - 23.5% Piero Ferrari - 10% Public Floating - 10%
