News Details
Marchionne responds to Ferrari buy-out rumors
Ferrari chairman Sergio Marchionne has denied rumors that he could make a bid for the iconic brand in the future. The Fiat-Chrysler boss is scheduled to remain at the helm of the automotive group until April 2019, but continue to manage Ferrari at least until early 2021, at which point many believe he could take the Italian manufacturer private. Visiting the Detroit Auto Show yesterday, Marchionne crushed the rumors however. "Who puts such stories into circulation? That’s nonsense!" said the Canadian-Italian manager. "Calculate that Ferrari is worth 20 billion on the stock market, so at what price would I have to buy the company? We are talking about 30 billion dollars....
Full Story »
Full Story »
You May Also Be Interested In...
Ferrari and Lauda wouldn't mix - Marchionne
Ferrari chairman Sergio Marchionne says there would be no place today at...
8y ago from F1i.com
No place at Ferrari for Lauda – Marchionne
Sergio Marchionne says there is no place at the Italian team for former...
8y ago from ThisIsF1.com
Fred Vasseur wants Alfa Romeo works team future for...
Sauber team principal Frederic Vasseur says the goal is for the Swiss...
8y ago from MotorsportWeek.com
Formula 1 Gossip: No space for prophet like Lauda,...
Ferrari Chairman and CEO, Sergio Marchionne has revealed that Niki Lauda...
8y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez pinpoints key weakness after Jerez MotoGP...
No description available...
19h ago from Motorsport.com
Uccio Salucci: 'VR46 is the top Ducati team right now'
No description available...
21h ago from Motorsport.com
Pramac MotoGP boss: 'Why do people think Yamaha isn't...
No description available...
1d ago from Motorsport.com
MotoGP Jerez test: Aprilia 1-2-3 as new aero packages...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Conor Daly paces Day 1 of Indy 500 Open Test
No description available...
10h ago from Motorsport.com
Rookies take on Indianapolis in open test, Newgarden...
No description available...
12h ago from Motorsport.com
All drivers clear Indy 500 Rookie Orientation...
IndyCar’s two-day test session for the Indianapolis 500 got underway...
14h ago from MotorsportWeek.c...
Arrow McLaren has "no fear" in running all...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
2d ago from Motorsport.com
Thierry Neuville: “Nobody knows” answer to...
No description available...
1d ago from Motorsport.com
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
2d ago from MotorsportWeek.c...
Sebastien Ogier dominates Rally Islas Canarias
Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
AC Milan legend Clarence Seedorf explains why Arsenal...
AC Milan great Clarence Seedorf has stated Arsenal will win the UEFA...
48m ago from SportsKeeda.com
Sources: Mikel Arteta going all-in on left-back making...
Arsenal appear to be moving early in their search for defensive...
1h ago from CaughtOffside.com
It's all about Atletico …
Morning all. After an epic Champions League semi-final last night, it's...
2h ago from Arseblog.com
Erling Haaland appears to aim subtle dig at Arsenal...
Manchester City striker Erling Haaland has sparked a social media frenzy...
10h ago from CaughtOffside.com
Comments
Hottest News
FIA close F1 engine loophole ahead of Miami GP
F1 has introduced a major change to its technical... Read More »
48m ago from GPFans.com
Miami GP F1 trial poses threat to Lewis Hamilton's Ferrari...
An FIA trial at the upcoming Miami Grand Prix... Read More »
1h ago from GPFans.com
Max Verstappen makes remarkable Lambiase statement: 'I...
Max Verstappen has revealed what he couldn't tell... Read More »
2h ago from GPFans.com
