went to local ferrari/maserati dealership today

went to local ferrari/maserati dealership today

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maclf01

Original Poster:

227 posts

206 months

Saturday 26th July 2003
quotequote all
It was ok, they had an f40, and some 360's that looked damn good. Nothing special really just a bunch of drool. The funny thing is i didn't feel like i was worthy enough to touch one. Btw who owns ferrari now? I thought audi owned the majority and the rest was owned by the ferrari family but i can't seem to find the information somewhere. Can someone help me out?

hughjayteens

1,915 posts

224 months

Saturday 26th July 2003
quotequote all
Fiat own Ferrari I believe.

elms

1,921 posts

208 months

Saturday 26th July 2003
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Btw who owns ferrari now? I thought audi owned the majority and the rest was owned by the ferrari family but i can't seem to find the information somewhere. Can someone help me out?[/quote]

Audi now has the controlling interest in Lamborghini, that is what you may be thinking of.

maclf01

Original Poster:

227 posts

206 months

Sunday 27th July 2003
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So fiat owns ferrari?

simonrockman

5,962 posts

211 months

Sunday 27th July 2003
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Yes, but who owns Fiat? At the moment its the Agnelli family, some Italian banks and 20% General Motors.
Fiat is however in massive debt. The deal with General Motors is supposed to have a clause which forces the American company to take the other 80%, but GM doesn't want to do that and says the clause is invalid.

Fiat needs some money badly and we'll probably see them float a proportion of Ferrari on the Italian stock market to raise some cash.
This will be nothing like a much as Fiat need and we'll see a major shake up. Which could see a sale of Ferrari but not for quite a time.

Indeed the only major car manufacturers which are in a good position are the Germans and some of the Japanese.

Bodo

10,355 posts

222 months

Sunday 27th July 2003
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maclf01 said:
So fiat owns ferrari?
Yes, but Fiat sold a third of shares for 775m to Mediobanca (an Italian investment bank) last June; determining the value of the whole Ferrari business to 2.4 billion.

maclf01

Original Poster:

227 posts

206 months

Monday 28th July 2003
quotequote all
So you can buy ferrari stock now? Hmmm.....