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Ferrari/GM Rumor

Discussion in 'Other Italian' started by l'esecuzioneItaliana, Feb 5, 2004.

  1. l'esecuzioneItaliana

    Jan 29, 2004
    162
    I heard a rumor that Ferrari and GM are going to merge or team up on some stuff, like importing and price effectiveness. I read about it in some UK magazine. Is is true?
     
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  3. F40

    F40 F1 Rookie

    Apr 16, 2003
    3,227
    if it is... I want to be removed from the gene pool. I hate GM with a passion.
     
  4. allanlambo

    allanlambo F1 Rookie

    Jun 9, 2002
    4,363
    Maui
    Full Name:
    Allan
    Yes, its true. Ferrari will actually be collaborating with Pontiac to re-introduce the 360 as the next Fiero.
     
  5. WCH

    WCH F1 Veteran
    Rossa Subscribed Owner

    Mar 16, 2003
    5,179
    Perhaps the rumor relates to GM's investment in Fiat Auto Group - which does not include Ferrari and Maserati?
     
  6. Mako98PonyGreenComendator

    Feb 5, 2004
    23
    DOES THAT MAKE THE GALLARDO THE NEW 914?
     
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  8. Prancing_Horse

    Prancing_Horse Formula Junior

    Dec 23, 2003
    528
    Arlington,VA
    Full Name:
    Dan
    whats the problem?
    Why havent you found the capslock key?
     
  9. l'esecuzioneItaliana

    Jan 29, 2004
    162
    Thanks allan, without the knowledge of one man I would be lost. I hope it have Ferrari elegane with a little longer lasting enigine parts.
     
  10. l'esecuzioneItaliana

    Jan 29, 2004
    162
    Let me do this over... I hope it has Ferrari elegance with... there we go.
     
  11. bostonmini

    bostonmini Formula 3

    Nov 8, 2003
    1,881
    I hated the way the 914 looked with a passion, but it was actually a spectacular handler from what I hear, but before my time...did I mention ugly?
     
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  13. CalGTS

    CalGTS Karting

    Jan 18, 2004
    137
    London, UK
    Full Name:
    Chris Leigh
    GM and fiat platform share allready

    They were going to do a complete takeover, but i think it fell though when GM tired to move some production out of italy, to do with quality and cost issues.

    so now they only have a large share in fiat, and not complete controll, but they have been swapping parts back and forth alot.

    fiat stilo and GM astra mk5 even look alike, i belive they have a very similar, if not the same platform.

    I don't see this as a bad thing for ferrari, if anything it might give them a little more money to play with in the long run. As fiat are bassically completly broke and closing down dealers left right and center.
     
  14. WCH

    WCH F1 Veteran
    Rossa Subscribed Owner

    Mar 16, 2003
    5,179
    Ferrari and Maserati are not part of the Fiat Auto Group. If GM's investment was in that group, then I don't see how it would affect Ferrari.
     
  15. WCH

    WCH F1 Veteran
    Rossa Subscribed Owner

    Mar 16, 2003
    5,179
    From Reuters, 1/12/04, note the difference between "Fiat" and "Fiat Auto":


    TURIN, Italy, Jan 12 (Reuters) - Fiat <FIA.MI> might give up a "put" option allowing it sell the rest of Fiat Auto to partner General Motors (nyse: GM - news - people) if GM recognises the value of the option, Fiat Chairman Umberto Agnelli said on Monday.

    "If this value is recognised in the correct teams by General Motors then we could even give up the put," Agnelli told reporters on the sidelines of a conference.

    Fiat shares were up 5.7 percent at 6.07 euros by 1617 GMT.
     
  16. BigTex

    BigTex Seven Time F1 World Champ
    Rossa Subscribed Owner

    Dec 6, 2002
    73,190
    Houston, Texas
    Full Name:
    Bubba
    GM was ^&%^%^ so bad with the stock swap, that they have basically agreed not to sue each other for the next year (2004), and reevaluate the situation for 2005.

    Next "Fiero", Alan you crack me up!!


    Speedy 308 for President

    Endorsed by the Carolina Panthers Cheerleader Squad. Sponsored by Armani
     
  17. Schatten

    Schatten F1 World Champ
    Rossa Subscribed Owner

    Apr 3, 2001
    11,237
    Austin, TX
    Full Name:
    Randy
    I can't stand GM either. I can see it now... "change for a dollar" commercials that have to do with Ferrari... UGH!
     
  18. l'esecuzioneItaliana

    Jan 29, 2004
    162
    It says they are at their website... www.fiatgroup.com
     
  19. WCH

    WCH F1 Veteran
    Rossa Subscribed Owner

    Mar 16, 2003
    5,179
    Check out the Fiat corporate website:

    http://www.fiatgroup.com/main.php?w=XEV3EX91XRJGHZQ1R8TI&tl=Gruppo%20Fiat&gs=Corporate%20structure

    Elsewhere on the site, the corporate structure is shown to separate Ferrari/Maserati from Fiat Auto. From a "sector" standpoint, as you indicate, Fiat Auto and Ferrari Maserati are of course making the same general product. Fiat Auto and Ferrari/Maserati are owned separately by the holding company, 2 different entities with a common parent; among other things, Ferrari is of course not wholly owned by the Fiat holding company.

    If I'm wrong, it wouldn't be the first time, but I don't think I am.

    Cheers, Will
     
  20. WCH

    WCH F1 Veteran
    Rossa Subscribed Owner

    Mar 16, 2003
    5,179
  21. l'esecuzioneItaliana

    Jan 29, 2004
    162
  22. WCH

    WCH F1 Veteran
    Rossa Subscribed Owner

    Mar 16, 2003
    5,179
    Here is the deal explained simply, as I understand it:

    "Ferrari/Maserati have nothing to do with GM's deal with Fiat. As has been said before, GM owns 20% of Fiat Auto (which owns the Fiat, Alfa Romeo, Innocenti, and Lancia brands). Ferrari (and subsequently Maserati) is controlled by Fiat SpA, who owns the other 80% of Fiat Auto. GM has no claim on Ferrari/Maserati (which is about 60% owned by Fiat SpA)."

    http://www.gminsidenews.com/forum/index.php?showtopic=3547&st=0&


    The history of the deal, greatly simplified, as I understand it, is:

    GM acquired its 20% stake in Fiat Auto in March 2000 for $2.4 billion in GM stock. Fiat SpA took a 5.1% stake in GM. The alliance established joint ventures and cooperative product development efforts that the auto makers predicted would save $1.2 billion annually by 2003.

    Fiat SpA subsequently sold its GM stock.

    According to an agreement the companies announced last October, corporate parent Fiat SpA has the option of forcing GM to buy the remaining 80% stake of Fiat Auto between Jan. 24, 2005, and July 24, 2010. The accord delayed an existing “put” option from 2004 until next year. This put has been discussed in the financial press.

    If you think this is wrong, splain the deal to me, buddy, I'm always interested in learning more about Ferrari.

    Cheers, Will
     
  23. Daytonafan

    Daytonafan F1 Rookie

    Oct 18, 2003
    2,700
    Surrey, England
    Full Name:
    Matthew
    Probably more worrying more worrying than GM taking over Ferrari would be Volkswagen getting their sticky paws on Ferrari. The collabaration with Maserati over the chassis of the Quattroporte may be the first step on the slippery slope.
     
  24. Pat

    Pat Karting

    Jan 2, 2004
    88
    Genova, Italy
    Full Name:
    Emanuele

    A B S O L U T E L Y N O T

    ;)

    The GM-Fiat contract excludes just Ferrari and Maserati ;)
     
  25. l'esecuzioneItaliana

    Jan 29, 2004
    162
    I never said anything about the contract with Fiat. You can even read about the GM-Ferrari merger at GMs site. I never said anything about Fiat.
     
  26. tifosi69

    tifosi69 Formula 3

    Dec 23, 2003
    1,671
    Atlanta, Ga.
    Full Name:
    Al-Al Cool J
    Allan, you are so funny, I actually FORGOT to laugh !!
     
  27. Slim

    Slim Formula 3

    Oct 11, 2001
    1,735
    Pacifica, CA, USA
    Full Name:
    richard
    Where? A search for "Ferrari" on gm.com brings up nothing.
     

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