According to reports from the Italian press, the Fiat Group could be considering a completely new management of Ferrari, separate from the rest of the group’s automotive activities. Similar to the recent separation of Fiat Industrial, apparently plans are being considered to place Ferrari under Exor management.

Exor is the investment arm of the Agnelli family and with a 30 percent Fiat stake is also the largest shareholder in the group. Ferrari is not 100 percent owned by Fiat though, with 10 percent of shares owned by Piero Ferrari - any new deal would required his approval. This news follows recent rumours of a Formula 1 takeover bid from Exor and News Corp, with Ferrari being mentioned in the F1 flurry last week.

The car manufacturer has said that it isn’t directly involved in any takeover bid of the F1 sport, but it would be difficult to distance itself if Exor were to reveal its hand - or if Exor were to take control of Ferrari itself. Removing Ferrari from the Fiat stable and placing it under completely separate control would drastically reduce the value of the Fiat Group, particularly as it moves to an even closer partnership with Chrysler. Recently Sergio Marchionne, Fiat CEO, estimated Ferrari’s value to be at five billion euros.

Source | IlSole24Ore via Autoblog.it

....

0 comments