FiatChrysler to spin off Ferrari
Posted: 29 Oct 2014, 13:41
What a shocking news.
Discuss.(Better sources, as well as confirmations, are available in the following posts)
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FiatChrysler to spin off Ferrari
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What a shocking news.
Discuss.(Better sources, as well as confirmations, are available in the following posts)
Re: FiatChrysler to spin off Ferrari
Posted: 29 Oct 2014, 13:57
Didn't expect that kind of news.
Does it mean that - if it's true - Ferrari will operate as a separate entity, not a part of FiatChrysler group?
Does it mean that - if it's true - Ferrari will operate as a separate entity, not a part of FiatChrysler group?
Re: FiatChrysler to spin off Ferrari
Posted: 29 Oct 2014, 15:18
I'm calling bullshite.
Re: FiatChrysler to spin off Ferrari
Posted: 29 Oct 2014, 15:38
It's a "maybe", and it's from Jalopnik. So it almost certainly is bullshit.
Re: FiatChrysler to spin off Ferrari
Posted: 29 Oct 2014, 15:53
takagi_for_the_win wrote:It's a "maybe", and it's from Jalopnik. So it almost certainly is bullshit.
It's now everywhere though: http://www.worldcarfans.com/11410298350 ... te-ferrari
Re: FiatChrysler to spin off Ferrari
Posted: 29 Oct 2014, 15:59
FMecha wrote:takagi_for_the_win wrote:It's a "maybe", and it's from Jalopnik. So it almost certainly is bullshit.
It's now everywhere though: http://www.worldcarfans.com/11410298350 ... te-ferrari
Who are "World Car Fans"? And why do you trust their opinion? Two websites also do not count as "everywhere"...Autosport or it didn't happen.
FMecha wrote:
Everytime I see a completely unwarranted smilie, I die a little inside...
Re: FiatChrysler to spin off Ferrari
Posted: 29 Oct 2014, 16:30
pasta_maldonado wrote:FMecha wrote:takagi_for_the_win wrote:It's a "maybe", and it's from Jalopnik. So it almost certainly is bullshit.
It's now everywhere though: http://www.worldcarfans.com/11410298350 ... te-ferrari
Who are "World Car Fans"? And why do you trust their opinion? Two websites also do not count as "everywhere"...Autosport or it didn't happen.
Since this mainly is about the car company rather than the F1 team, Autosport doesn't talk about it, but see: http://www.bbc.co.uk/news/business-29817720 and http://www.bloomberg.com/news/2014-10-2 ... -unit.html
Edit: Press release from FiatChrysler themselves: http://www.fcagroup.com/en-US/media_cen ... S_p_A_.pdf
Re: FiatChrysler to spin off Ferrari
Posted: 29 Oct 2014, 17:29
Autocar or it never happened. They are the most reputable source in this field and if they have said nothing, it ain't true.
Edit, they have mentioned it.
http://www.autocar.co.uk/car-news/indus ... ock-market
The important part of this is that they are going onto the New York Stock Market.
An interesting thing to point out here is that Fiat-Chrysler Association are on already on the NYSE and the announcement lead to shares in the group go up by 5%.
Edit, they have mentioned it.
http://www.autocar.co.uk/car-news/indus ... ock-market
The important part of this is that they are going onto the New York Stock Market.
FCA currently owns 90 per cent of Ferrari, while the other 10 per cent is owned by Piero Ferrari – the only living son of Enzo Ferrari.
A total of 10 per cent of FCA's interest in Ferrari will be offered to public investors. The remainder will be distributed among FCA shareholders.
An interesting thing to point out here is that Fiat-Chrysler Association are on already on the NYSE and the announcement lead to shares in the group go up by 5%.
Re: FiatChrysler to spin off Ferrari
Posted: 29 Oct 2014, 17:51
pasta_maldonado wrote:FMecha wrote:
Everytime I see a completely unwarranted smilie, I die a little inside...
Nice to see I'm not the only one who finds them mildly condescending.
Re: FiatChrysler to spin off Ferrari
Posted: 29 Oct 2014, 18:02
takagi_for_the_win wrote:pasta_maldonado wrote:FMecha wrote:
Everytime I see a completely unwarranted smilie, I die a little inside...
Nice to see I'm not the only one who finds them mildly condescending.
I find it very condescending. And really bloody annoying as well.
Re: FiatChrysler to spin off Ferrari
Posted: 29 Oct 2014, 18:25
roblomas52 wrote:Autocar or it never happened. They are the most reputable source in this field and if they have said nothing, it ain't true.
Edit, they have mentioned it.
http://www.autocar.co.uk/car-news/indus ... ock-market
The important part of this is that they are going onto the New York Stock Market.FCA currently owns 90 per cent of Ferrari, while the other 10 per cent is owned by Piero Ferrari – the only living son of Enzo Ferrari.
A total of 10 per cent of FCA's interest in Ferrari will be offered to public investors. The remainder will be distributed among FCA shareholders.
An interesting thing to point out here is that Fiat-Chrysler Association are on already on the NYSE and the announcement lead to shares in the group go up by 5%.
Well, the rumour has been kicking around for quite some time now (there has been a strong suggestion that the real reason why Matiacci was hired to run the Ferrari F1 team was because of his connections within the US financial sector ahead of a prospective floatation of Ferrari on the NYSE and a fundraising drive by the Fiat-Chrysler corporation in the US).
Re: FiatChrysler to spin off Ferrari
Posted: 30 Oct 2014, 12:31
FMecha wrote:
roblomas52 wrote:I find it very condescending. And really bloody annoying as well.takagi_for_the_win wrote:Nice to see I'm not the only one who finds them mildly condescending.pasta_maldonado wrote:Everytime I see a completely unwarranted smilie, I die a little inside...
Well, surprisingly, on the internet, you cannot hear a person's tone of voice, so I find smilies a useful way to imply tone. So
to you all!Re: FiatChrysler to spin off Ferrari
Posted: 30 Oct 2014, 13:48
dr-baker wrote:Well, surprisingly, on the internet, you cannot hear a person's tone of voice, so I find smilies a useful way to imply tone. So
Fair enough, but
implies the most smug tone going.Re: FiatChrysler to spin off Ferrari
Posted: 30 Oct 2014, 13:55
shinji wrote:dr-baker wrote:Well, surprisingly, on the internet, you cannot hear a person's tone of voice, so I find smilies a useful way to imply tone. So
Fair enough, but
Both points are indeed correct.
Nigel Mansell won the 1995 British Grand Prix
and
Nigel Mansell won the 1995 British Grand Prix
are two completely different sentences, even if the words are the same! But writing;
Nigel Mansell won the 1995 British Grand Prix
just makes you a complete and utter James Hunt...
Re: FiatChrysler to spin off Ferrari
Posted: 30 Oct 2014, 18:26
Biscione wrote:shinji wrote:dr-baker wrote:Well, surprisingly, on the internet, you cannot hear a person's tone of voice, so I find smilies a useful way to imply tone. So
Fair enough, but
Both points are indeed correct.
Nigel Mansell won the 1995 British Grand Prix
and
Nigel Mansell won the 1995 British Grand Prix
are two completely different sentences, even if the words are the same! But writing;
Nigel Mansell won the 1995 British Grand Prix
just makes you a complete and utter James Hunt...
You just reminded me of a post I made a while ago.
Re: FiatChrysler to spin off Ferrari
Posted: 30 Oct 2014, 19:41
Biscione wrote:Both points are indeed correct.
Nigel Mansell won the 1995 British Grand Prix
and
Nigel Mansell won the 1995 British Grand Prix
are two completely different sentences, even if the words are the same! But writing;
Nigel Mansell won the 1995 British Grand Prix
just makes you a complete and utter James Hunt...
I see your Nigel Mansell won the 1995 British Grand Prix
and raise you a.......Nigel Mansell won the 1995 British Grand Prix
Re: FiatChrysler to spin off Ferrari
Posted: 30 Oct 2014, 19:50
takagi_for_the_win wrote:and raise you a.......
Nigel Mansell won the 1995 British Grand Prix
AAAAGH! MY EYES!
IT BURNS!
Re: FiatChrysler to spin off Ferrari
Posted: 30 Oct 2014, 20:09
pasta_maldonado wrote:takagi_for_the_win wrote:and raise you a.......
Nigel Mansell won the 1995 British Grand Prix
AAAAGH! MY EYES!
IT BURNS!
Re: FiatChrysler to spin off Ferrari
Posted: 31 Oct 2014, 18:10
On another note, an interesting comment has been raised about one potential side effect of the floatation that Luca may have wanted to keep out of the public gaze - because Scuderia Ferrari forms part of the wider group, Ferrari will have to provide information about the financial flows within the F1 team in their public accounts. If that is correct, then it'll be interesting to finally take a look into their finances given the rumours and speculation in the past...