Who owns what and what %

This is what I know:
- 10% Piero Ferrari
- 85% Fiat
- 5% Mubadala Development Company, a principal investment company wholly owned by the Government of Abu Dhabi

 

How about where to find financial info on Ferrari? I haven't seen it on the site anywhere..

 

do you think the fact fiat owns it is good or bad?

 

Been Ok for several decades so far.

 

Even better with Luca Montezemolo at the helm.

 

I heard that if it wasn't for Fiat in the very early 70's, Ferrari could have gone out of business, esp with the 73 oil embargo, just what I heard. AND Fiat was responsible for injecting millions into the production line tooling etc.

 

I think FIATt is one of the few big car companys that can own Ferrari and still have it work.

I wonder what things would be like now if Ford had bought Ferrari from Enzo back then instead of FIAT.

 

The irony is that while Fiat did well for Ferrari, the Agnelli Family (which, until recent years owned Fiat) just about ran Fiat into the grave!! Not even Italians wanted to own a Fiat during the last 10-12 yrs!!

 

You right according to the 2006 shareholder annual report.

e-mail:


The Ferrari S.p.A. Board of Directors, chaired by Luca di Montezemolo, met today to review the balance sheet for the financial year ended 31st December 2006. Ferrari’s three main areas of business – road cars, competition cars and brand development – yielded a significant increase in revenues from €1,289 million in 2005 to €1,447 million in 2006, a leap of 12.2% due in great part to brilliant sales of the F430 and the 612 Scaglietti as well as the immediate success of the new 599 GTB Fiorano which was unveiled only at the start of last summer.

Ferrari’s trading profit of €183 million showed a significant leap of 16.4% over the previous financial year and can be attributed principally to the rise in sales revenues and to efficiency gains which were partially offset by increased investment in research and development.

Ferrari recorded a positive net financial position also, with a balance of €213 million, a dramatic improvement on 2005’s figure of €13 million.

Deliveries of road cars (i.e. non-track cars) to their owners stood at 5,671, 4.8% up on 2005. Impressive sales in North America and Switzerland (+6%), Germany (+8%), and new or developing markets, such as the Middle East and Asia Pacific area (+15%), all made important contributions to this improvement. In all 121 Ferraris – almost double the figure of 2005 - were delivered in China where there is now a 12-strong dealership network spread across the most important areas of the country.

A total of €232 million was assigned for Investments and Research and Development (not including Formula 1). This is a 6% increase on 2005 and the equivalent of 16% of the company’s

turnover. The investments concerned, amongst other matters, the new 599 GTB Fiorano and the development of future models.

Last but not least, Ferrari’s brand development activities continued to yield double figure growth, rising an impressive 23% in 2006’s turnover, thanks both to the granting of new licensing contracts and the expansion of its retail programme (there are now a total of 13 Ferrari Shops and Stores throughout the world).

After the Board Meeting, Ferrari President Luca di Montezemolo declared: “I am particularly satisfied that the company has grown significantly once again, underscoring the importance of the Ferrari brand to the Fiat Group in the very year that the latter bought back the Ferrari shares that had been sold to the banks. These results and those to come from a company which has the benefit of a new corporate structure, with Jean Todt as CEO and Amedeo Felisa as General Manager, confirm and will continue to confirm the quality of work done at Maranello.”

Montezemolo also acknowledged the invaluable contribution made by Michael Schumacher in his 11 years as a Ferrari driver and declared himself confident of the results that both Massa and Raikkonen will deliver this season.


Summary of the main figures for year 2006:

Sales to end clients: 5,671 road use-homologated cars compared to 5,409 in 2005 (+4.8%)

Consolidated turnover: €1,447 million compared to €1,289 million in 2005 (+12.2%)

Trading Profit: €183 million compared to €157 in 2005 (+16.6%)

Net financial position: +€213 million compared to +€13 million in 2005

Resources assigned to Investments and to Research and Development: €232 million, the equivalent of 16% of turnover (€219 million in 2005, equivalent to 17% of turnover)

Employees: 2,870 as of December 31st 2006.

download the complete 2006 Annual Report of Fiat SpA (Fiat Auto, Maserati, Ferrari, Agricultural and Construction Equipment, Trucks and Commercial Vehicles (Iveco), Fiat Powertrain Technologies, Components (Magneti Marelli), Metallurgical Products (Teksid), Production Systems (Comau), Services (Business Solutions), Publishing and Communications (Itedi), Holding companies & Other companies and Eliminations.)

http://rapidshare.com/files/26565930/Fiat_S.p.A._Shareholder_2006_report.rar

share photo: http://img253.imageshack.us/img253/3932/fsvp8.jpg

 

The irony is that while Fiat did well for Ferrari, the Agnelli Family (which, until recent years owned Fiat) just about ran Fiat into the grave!! Not even Italians wanted to own a Fiat during the last 10-12 yrs!!

OOps! sorry....repost!!

 

Yeah, interesting....one thing for sure, we would have probably never heard of the name COBRA!!

 

Or GT40

or perhaps it would have been the Ferrari GT40 haha

 

If history had played any other way it might not even exist. If it did we would not recognize it. While the Agnelli kids may not have done well we owe what the company became and its climb out of boutique car status to Gianni Agnelli.

 

FIAT is bigger than GENERAL MOTORS here in the US.

 

What does US stand for because it's definitely not United States. Explain....

 

Perhaps he meant in terms of market penetration in the home market?

 

Probably what Ford just did to Aston Martin, make some decent cars while bankrupting themselves and then selling it.

 

The last time I saw a FIAT in the US was NEVER. Last time I saw a GM car was about 3 seconds ago.

 

Thanks for the info.

 

The interesting thing is that while Fiat saved Ferrari in the late 60s (or at least allowed Ferrari to grow), Ferrari has somewhat returned the favor to Fiat in the 2000s.

Fiat was able to essentially mortgage their Ferrari holdings for some much needed cash, which they've now repaid.

 

FIAT is not just FIAT. The FIAT that owns Ferrari is the Fiat holding company, FIAT Spa, a diversified holding company that owns only a minority piece of Fiat Auto, the car manufacturer. The Agnelli family long ago started to divest themselves of the car maker and branched into paper mills, Club Med, public utilities, newspapers and several other industries. There is really no direct connection between the auto making arm of Fiat and the piece that owns Ferrari, other than some common ownership out of Fiat Spa.The hol;ding company however own a huge chunk of Ferrari and a much smaller piece of Fiat Auto.

 

well thats a good position to be in then

 

A lincoln chassis and a pinninfarina body. Probably no more Ferrrari specific engines, and maybe something like this: http://www.autonetplus.com/autonetpluscom/noticias/fotos/jaguar_wagon_fischer.jpg

in red with shields on the fenders

 

haha thats funny. I don't know if would be that bad. Perhaps we'd have a Ferrari Focus hatch back, makes for a funny name at least.