Ferrari

Ferrari retools FF four-seat grand tourer as GTC4Lusso

12:01 am U.S. ET | Feb. 9, 2016

Ferrari is renaming its FF four-seat coupe as the GTC4Lusso and adding rear-wheel steering to boost the appeal of a model launched five years ago as a practical ultraluxury sports car aimed at wealthy families.... Read More »

Ferrari's 'family' car gets new name, more power

Feb. 8, 2016 15:41 CET

Ferrari is renaming its FF four-seat coupe as the GTC4Lusso and adding rear-wheel steering to boost the appeal of a model launched five years ago as a practical ultraluxury sports car aimed at wealthy families.... Read More »

Alfa Romeo, Maserati get new tech chief amid product launch delays

Feb. 5, 2016 11:53 CET

Fiat Chrysler has lured former Ferrari chief engineer Roberto Fedeli back from BMW as the automaker faces technical challenges that have delayed the Alfa Romeo Giulia and Maserati Levante launches. Fedeli will be chief technical officer for both Alfa and Maserati.... Read More »

Ferrari shares slump to record low after saying sales growth will slow

3:33 pm U.S. ET | Feb. 2, 2016

Ferrari said sales growth will probably slow down in its first full year of independence from Fiat Chrysler Automobiles, sending the shares to their lowest level since the supercar maker's Oct. 21 initial public offering in New York.... Read More »

Ferrari's new independence increases pressure to grow

Jan. 14, 2016 11:48 CET

Ferrari once capped annual production at about 7,000 cars in an effort to maintain the brand's exclusivity. The automaker now says it may lift output beyond its current target of 9,000 in 2019, as it faces the pressures of going it alone without former parent Fiat Chrysler.... Read More »

Ferrari, Porsche gain from Australia car-sales boom

Jan. 9, 2016 06:01 CET

Ferrari and Porsche are among automakers benefiting from a booming Australian car market. Sales of new vehicles in Australia increased to a record to 1.16 million last year, helped by a property boom.... Read More »

Ferrari spinoff puts focus on Marchionne's Fiat Chrysler revamp

Jan. 4, 2016 10:59 CET

Fiat Chrysler CEO Sergio Marchionne is about to find out what it's like to run the business without the fat profits from Ferrari. Fiat Chrysler on Sunday distributed to shareholders its remaining 80 percent stake in the supercar maker.... Read More »

FERRARI

Ready to fly solo

12:01 am U.S. ET | Jan. 4, 2016

After almost 50 years as a Fiat subsidiary, the storied brand will be completely spun off this month, becoming a family-controlled company (the Agnelli-Elkann family will control 24%, and the son of founder Enzo Ferrari, Piero Ferrari, will own 10%).... Read More »

Ferrari recalls 185 California T vehicles due to fuel leak risk

8:25 am U.S. ET | Dec. 26, 2015

Ferrari North America is recalling some 2016 California T vehicles due to the risk of a fuel leak in the engine compartment, according to a U.S. notice on Friday.... Read More »

Top two Ferrari investors sign pact over voting rights

Dec. 24, 2015 11:05 CET

The top two investors in Ferrari, the Agnelli family and Piero Ferrari, have signed a shareholder pact giving them a total voting power of nearly 50 percent to keep firm grip on the sports car maker after it separates from Fiat Chrysler.... Read More »

Mahindra seeks styling prestige with Pininifarina purchase

Dec. 15, 2015 11:43 CET

Mahindra's purchase of Pininfarina provides instant styling prestige to the Indian manufacturer's push to move beyond its roots in tractors and SUVs.... Read More »

Alfa Romeo could return to Formula One racing, Marchionne says

Dec. 15, 2015 13:20 CET

Fiat Chrysler could bring the Alfa Romeo brand back to Formula One as a competitor to Ferrari, CEO Sergio Marchionne said.... Read More »

Fiat Chrysler to focus on growth plan as GM merger hopes fade

10:01 am U.S. ET | Dec. 3, 2015

Fiat Chrysler Automobiles does not plan a hostile bid for rival General Motors at the moment and will focus on executing its growth plan to 2018 until the right and willing partner is found, CEO Sergio Marchionne said.... Read More »

Fiat Chrysler shareholders approve Ferrari spinoff

Dec. 3, 2015 13:57 CET

Fiat Chrysler investors voted overwhelmingly to approve the spinoff of Ferrari to raise cash and reduce debt at the group.... Read More »

Ferrari completes funding deal worth 2.5 billion euros

Nov. 30, 2015 15:42 CET

Ferrari has signed contracts to raise 2.5 billion euros that it will use in part to refinance debt owed to Fiat Chrysler as it moves toward separation from its parent company.... Read More »

EU plans report on car CO2 by end of week, source says

Nov. 24, 2015 09:54 CET

The EU plans to present a report by the end of this week on CO2 emissions from cars, according to an official with knowledge of the issue. The document will include data on pollution by automakers with the exception of Volkswagen Group.... Read More »

LETTER TO THE EDITOR

Piero Ferrari is 'rightly rewarded'

12:01 am U.S. ET | Nov. 2, 2015

I was with Piero Ferrari recently photographing my Ferrari 290 MM at the factory. Piero has not changed at all. He is a wonderful, gentle man with so many fantastic stories.... Read More »

Ferrari Q3 earnings jump on higher vehicle shipments

Oct. 28, 2015 15:06 CET

Ferrari reported a 22 percent rise in third-quarter adjusted core profit as a jump in vehicle shipments offset lower sales of engines to sister brand Maserati.... Read More »

Ferrari-Maserati casino dealership reopens in downtown Las Vegas

3:36 pm U.S. ET | Oct. 22, 2015

The Ferrari-Maserati dealership formerly located inside the Wynn Las Vegas casino and hotel has been purchased by a downtown Vegas luxury car dealership.... Read More »

Ferrari's first families aim to make takeover of supercar builder impossible

Oct. 22, 2015 10:54 CET

Piero Ferrari, the son of Ferrari founder Enzo Ferrari, and the Agnelli family, who control Fiat Chrysler, plan to make any potential takeover of Ferrari virtually impossible even after the company's initial public offering.... Read More »

Ferrari shares RACE ahead on Wall Street debut

1:15 pm U.S. ET | Oct. 21, 2015

Ferrari shares, trading under the ticker symbol RACE, jumped 15 percent to $60 on its Wall Street debut today after the Italian supercar maker priced its share offering at the top of the range amid heavy investor demand.... Read More »

Ferrari raises $893 million pricing IPO shares at top of range

Oct. 21, 2015 11:14 CET

Ferrari raised $893 million in its U.S. initial public offering, pricing the shares at the top end of the marketed range after strong investor demand. Parent Fiat Chrysler is selling a 9 percent stake in the brand and will distribute its remaining 80 percent stake to its own investors early next year.... Read More »

Ferrari faithful drive IPO stock price after $893 million raised

5:12 pm U.S. ET | Oct. 20, 2015

Ferrari priced its initial public offering at the top of expectations, raising $893 million, as drivers enamored with the luxury sports car maker snapped up its shares alongside institutional investors, defying a choppy market. Ferrari pulled out all the stops to market itself to some of its owners as well as Wall Street.... Read More »

Ferrari's shares won't come cheap or easily as expected IPO price rises

1:17 pm U.S. ET | Oct. 20, 2015

Demand could outstrip supply on Ferrari's initial public stock offering later today, and the shares may price at the top of an indicated range of $48-52 per share, people close to the matter said.... Read More »

COMMENTARY

No airs for billionaire Ferrari son

12:01 am U.S. ET | Oct. 19, 2015

Piero Ferrari inherited the stake his late father retained in Ferrari S.p.A. after Fiat bought half of the company nearly 50 years ago. He now owns 10 percent of Ferrari, enough to make him a billionaire as FCA begins the process of selling a near 10 percent stake in Ferrari to Wall Street investors.... Read More »

 
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