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Ferrari changes tune regarding Formula One on track testing

2014-12-23 18:42:53| Automakers - Topix.net

Historically, since the sport drastically cut down on the allowed amount of private and official testing on cost grounds, Ferrari has argued stridently against the new era. But Maranello is now run by a new president, Fiat-Chrysler's Sergio Marchionne, alongside the former Marlboro executive and new team boss Maurizio Arrivabene.

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Ferrari vetoed F1 boss role for Montezemolo

2014-12-22 11:26:14| Beverages - Topix.net

More publications are reporting that Ferrari 'vetoed' F1's move to install Luca di Montezemolo as the new chairman of the Formula One Group. Germany's Sport Bild made the claim last week, after it emerged ousted Ferrari president Montezemolo had been appointed to the board but only as a non-executive director.

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Ferrari seeks further expansion outside auto industry

2014-12-17 12:29:43| Automakers - Topix.net

The Italian brand's impressive supercars and title-bringing Formula One cars have created a legendary aura for the automaker and the company is increasingly seeking to cash in on the panache as it prepares to become independent. Recently, Sergio Marchionne, chief executive of the parent company Fiat Chrysler Automobiles announced the intention to spin off Ferrari in 2015, with 10% of the shares offered to investors through an initial public offering and the rest divided among FCA shareholders.

Tags: auto industry expansion seeks

 

Ferrari 'fleeing' Italy prompts debate on losing country's icons

2014-12-11 19:01:27| Industrial Machines - Topix.net

The possibility of shifting its tax residence from the iconic Maranello headquarters, where its first sports cars were built in 1947, is generating a debate in Italy about the risk of losing the country's most famous brands as the economy struggles to emerge from its longest recession. Bloomberg reported on Wednesday that Ferrari is considering moving its fiscal residence outside Italy to save on corporate taxes, according to people familiar with the matter.

Tags: italy debate icons losing

 

Ferrari looks to burnish brand value ahead of IPO

2014-12-11 09:47:25| Automakers - Topix.net

In this Sept. 10, 2014 file photo, Fiat-Chrysler CEO Sergio Marchionne, left, and then Ferrari President Luca Di Montezemolo attend a news conference in at the Ferrari headquarters in Maranello.

Tags: brand ahead ferrari ipo

 

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