Ferrari

Ferrari names Edwin Fenech head of N.A. unit

4:11 pm U.S. ET | Nov. 20, 2014
Ferrari has named 14-year employee Edwin Fenech as CEO of the premium sports car maker's North American unit.... Read More »

 

Ferrari to provide Fiat Chrysler big pre-spinoff payout

Nov. 13, 2014 18:02 CET
Fiat Chrysler Automobiles expects to get 2.25 billion euros ($2.81 billion) from Ferrari via transactions it will execute before it spins off the supercar maker from the group, a filing with U.S. regulators showed.... Read More »

 

Marchionne expects Ferrari IPO next year

Nov. 11, 2014 16:05 CET
The initial public offering of Ferrari is expected to happen between the second and the third quarter of 2015, said Sergio Marchionne, CEO of parent Fiat Chrysler Automobiles.... Read More »

 

Ex-Ferrari boss Montezemolo picked to be chairman of Italy's Alitalia, report says

10:57 am U.S. ET | Nov. 6, 2014
Alitalia has lined up former Ferrari boss Luca Cordero di Montezemolo as chairman and Etihad Airways CEO James Hogan as his deputy in the new company that will be formed when the Italian airline ties up with the Abu Dhabi-based carrier, two sources close to the matter told Reuters today.... Read More »

 

Marchionne increases his Fiat Chrysler stake to 1%

Nov. 5, 2014 11:11 CET
Fiat Chrysler CEO Sergio Marchionne has increased his stake in the automaker to 1 percent and nearly doubled his voting stake after exercising stock options and cashing in on a share price jump after a plan to spin off Ferrari was unveiled.... Read More »

 

Marchionne gains $13 million with stock sale after Ferrari deal

Nov. 4, 2014 18:42 CET
Fiat Chrysler Automobiles CEO Sergio Marchionne made about 10.7 million euros ($13.4 million) from a surge in the automaker's share price after he announced a plan to spin off Ferrari.... Read More »

 

Ferrari fined $3.5 million by U.S. regulators for not filing reports

11:00 am U.S. ET | Oct. 31, 2014
Fiat Chrysler Automobiles' Ferrari brand has been fined more than $3.5 million for not filing "early warning reports" indicating safety issues with federal safety regulators.... Read More »

 

LUCA CIFERRI

Is Ferrari worth 12 billion euros?

12:01 am U.S. ET | Oct. 31, 2014
Ferrari is worth as much as 12 billion euros on the open market based on Chairman Sergio Marchionne's most optimistic blue-sky estimate. The true value will be a hot topic for months.... Read More »

 

Ferrari spinoff's real winners: Agnelli clan

Oct. 30, 2014 14:31 CET
The real winners in Fiat Chrysler's spinoff of supercar unit Ferrari are Chairman John Elkann and the Agnelli industrial clan he represents, who will be the biggest shareholders of both companies.... Read More »

 

LUCA CIFERRI

Ferrari will go public but remain private

12:01 am U.S. ET | Oct. 30, 2014
Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group.... Read More »

 

Fiat Chrysler to issue $2.5 billion bond

Oct. 29, 2014 15:40 CET
Fiat Chrysler will issue a mandatory convertible bond for $2.5 billion and place up to 100 million of its shares to shore up funding for its 48 billion euro ($61 billion) investment plan.... Read More »

 

Maserati beats Ferrari in Q3 profit on Montezemolo exit

Oct. 29, 2014 18:22 CET
Maserati's quarterly profit topped Ferrari's for the first time since it became part of Fiat Group more than 25 years ago. The main reason was that Ferrari took a big financial hit to part ways with Luca Cordero di Montezemolo.... Read More »

 

LUCA CIFERRI

Ferrari will go public but remain private

3:40 pm U.S. ET | Oct. 29, 2014
Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group.... Read More »

 

Ferrari fans sue Facebook, carmaker for taking their pages

5:34 pm U.S. ET | Oct. 17, 2014
A Swiss father and his son who gained millions of Facebook followers through their Ferrari fan pages sued the social media company and the carmaker claiming they teamed up to illegally seize control of the websites.... Read More »

 

BMW hires Ferrari's chief engineer

Oct. 8, 2014 10:21 CET
BMW has hired Ferrari's former technical director, Roberto Fedeli, for an as-yet unspecified role. Fedeli joined Ferrari in 1988 and has been responsible for the engineering of all Ferrari cars since 2007.... Read More »

 

Fiat Chrysler won't seek more capital to fund growth plan, Marchionne says

3:57 pm U.S. ET | Oct. 2, 2014
Fiat Chrysler Automobiles has no need for a capital increase to fund its ambitious five-year growth plan, CEO Sergio Marchionne said on Thursday. Marchionne said, however, the board of the newly-merged company would examine all capital-boosting options, including taking on more debt, a mandatory convertible bond and a possible capital increase, at the end of the month.... Read More »

 

2014 PARIS AUTO SHOW

Ferrari will unveil top-performing 458 Speciale

Sept. 30, 2014 10:10 CET
Ferrari will unveil the top-performing convertible version of the mid-engine 458 Speciale sports car range in Paris. The automaker will build just 499 examples of the 458 Speciale A, which has the company's most powerful naturally aspirated engine.... Read More »

 

Sell? Grow? IPO? Marchionne ponders Ferrari's future

12:01 am U.S. ET | Sept. 15, 2014
Sergio Marchionne rules out closer ties between Ferrari and Fiat Chrysler Automobiles as he prepares to take direct control of the independently run Italian sports car maker. But what will the Fiat Chrysler CEO do with Ferrari when he replaces longtime chairman Luca di Montezemolo next month?... Read More »

 

Ferrari turns to turbos and hybrids

12:01 am U.S. ET | Sept. 15, 2014
Ferrari will continue to refine its lineup with new technologies to reduce its fleet carbon dioxide emissions by 20 percent by 2021.... Read More »

 

Ferrari's profit power

12:01 am U.S. ET | Sept. 15, 2014
Ferrari represents a tiny fraction of Fiat Chrysler Automobiles' sales but a significant part of its profits.... Read More »

 

KEITH CRAIN

Chairman's style was part of Ferrari

12:01 am U.S. ET | Sept. 15, 2014
Ferrari has been a unique brand. So far, it has not followed high-end competitors like Porsche into major volume expansions. Maintaining exclusivity was part of Luca di Montezemolo's vision. That will likely change now that he has resigned.... Read More »

 

Ferrari to launch a 10-unit limited-edition model for the U.S.

3:36 pm U.S. ET | Sept. 12, 2014
Ferrari Chairman Luca Cordero di Montezemolo’s last public act at the helm of the Italian supercar maker will be the unveiling of a limited-edition model destined for the U.S. market only.... Read More »

 

GILLES CASTONGUAY

Montezemolo's Ferrari departure no laughing matter

4:48 am U.S. ET | Sept. 12, 2014
After Ferrari Chairman Luca Cordero di Montezemolo said he will no longer lead the sports car brand, he and Sergio Marchionne made a great show of being good friends, but they weren't fooling anyone.... Read More »

 

Fiat awards Ferrari Chairman Montezemolo 27 million euro severance package

Sept. 11, 2014 09:18 CET
Ferrari Chairman Luca Cordero di Montezemolo will receive a severance package worth nearly 27 million euros ($34.89 million). Montezemolo quit after clashing with Fiat Chrysler CEO Sergio Marchionne over the supercar maker's future.... Read More »

 

Ferrari will build more cars with Marchionne as chairman to keep pace with super rich

Sept. 11, 2014 16:18 CET
Ferrari will cater to growing numbers of super rich clients by building more cars than previously planned after Sergio Marchionne becomes chairman of the company. Marchionne said in May that the brand had the potential to sell about 10,000 vehicles annually, a rise of 43 percent over current figures.... Read More »

 

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