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Ferrari IPO Filing Days Away in NYC / Headquarters to be London

Posted by on Jul 15, 2015 in Featured, News | Comments Off on Ferrari IPO Filing Days Away in NYC / Headquarters to be London

Ferrari IPO Filing Days Away in NYC / Headquarters to be London

From Brent Snavely of the Detroit Free Press Fiat Chrysler Automobiles CEO Sergio Marchionne said recently that the automaker is days away from filing its prospectus for a public stock offering for at least 10% of Ferrari’s shares. Friday was the first time Marchionne disclosed the timing of the prospectus, which is typically a detailed document spanning hundreds of pages that provides a snapshot of the company’s financial performance and business. The document is intended to give potential investors a way to evaluate the company. On...

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Ferrari to be a Dutch Holding Company / IPO Announced

Posted by on Jul 14, 2015 in Featured, News | Comments Off on Ferrari to be a Dutch Holding Company / IPO Announced

Ferrari to be a Dutch Holding Company / IPO Announced

Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne said recently that a Dutch holding company will likely be created to control Ferrari after the spin-off and listing of the luxury cars manufacturer, in a similar move done in the past for Fiat Chrysler. Speaking on the sidelines of the presentation of the new Fiat 500 model, Mr. Marchionne, who is also chairman of Ferrari, said he expects the listing to value the business at least EUR10 billion ($11.1 billion), but that it will depend on market conditions. “There are clear...

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New Book Highlights Leonardo Fioravanti, Designer of Many Classic Ferraris

Posted by on Jul 12, 2015 in Featured, News | Comments Off on New Book Highlights Leonardo Fioravanti, Designer of Many Classic Ferraris

New Book Highlights Leonardo Fioravanti, Designer of Many Classic Ferraris

For the first time, one of the major names in Italian car design tells his story from the beginning; from when he made his first sketches on paper, unbeknown to his parents and not only of cars, to reaching a point at which his name became synonymous with some of the best known and most important cars on the international front. In his 23-year career at Pininfarina, Leonardo Fioravanti, who was first a designer and architect, then Managing Director and Director General of Pininfarina’s Studi & Ricerche department, created some of the most...

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Fiat Family Control of Ferrari to Increase

Posted by on Jul 10, 2015 in Featured, News | Comments Off on Fiat Family Control of Ferrari to Increase

Fiat Family Control of Ferrari to Increase

From Bloomberg: The real winners in Fiat Chrysler Automobiles Ferrari spinoff are Chairman John Elkann and the Italian industrial clan he represents. They will end up being the biggest shareholders of both companies. The structure of the spinoff, with 80 percent of Ferrari shares going to FCA’s existing shareholders, means the family will own about a quarter of the supercar maker. Ferrari may be worth around 9 billion euros ($10 billion), which would value Exor’s (the Fiat family investment vehicle) holding at about 2.25 billion euros,...

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Waiting for a Wet Start

Posted by on Jul 9, 2015 in Featured, News | Comments Off on Waiting for a Wet Start

Waiting for a Wet Start

It is raining at Silverstone on May 15, 1954 before the start of the first heat of the International Daily Express Trophy race, a non-championship event for F1 cars. This popular race always attracted a large early season entry of both factory cars and privateers. Sitting in his Ferrari 553 “Squalo” is the well-known Argentinean driver Froilán González, in a somewhat reflective mood. This model Ferrari, an entirely new creation for 1954 and first raced at the Italian Grand Prix as an F2 car in 1953, was referred to as Squalo because of its...

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Fiat Sees Ferrari Spinoff as “Luxury” Potential

Posted by on Jul 8, 2015 in Featured, News | Comments Off on Fiat Sees Ferrari Spinoff as “Luxury” Potential

Fiat Sees Ferrari Spinoff as “Luxury” Potential

From Bloomberg In the spinoff of Ferrari later this year, Fiat Chrysler Automobiles NV wants investors to see the company as more than just a carmaker. “Ferrari has all the elements to be considered a luxury-good manufacturer,” Chief Executive Officer Sergio Marchionne said. “What we should do with the listing is to entirely develop that notion.” Luxury-product companies such as Prada SpA and Hermes International SCA trade at more than 20 times earnings, while automakers are generally less than half that. Getting the most out of the Ferrari...

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Pininfarina Celebrates Their 85th Anniversary

Posted by on Jul 7, 2015 in Featured, News | Comments Off on Pininfarina Celebrates Their 85th Anniversary

Pininfarina Celebrates Their 85th Anniversary

Pininfarina recently celebrated their 85th anniversary by hosting their first Concorso d’Eleganza in Turin, Italy. The historic Valentino Castle hosted the event which assembled fifty of Pininfarina’s historic cars for their 85th birthday celebration. A jury of esteemed car experts, including Pininfarina’s design director, Fabio Filipino, and Karim Habib from BMW design, was tasked with judging the prestigious collection of cars. Their choice for the inaugural Best of Show winner was the Florida I from 1955. A 1947 Cistalia...

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Fiat to keep 10% of Ferrari & Sell No Other Brands

Posted by on Jul 6, 2015 in Featured, News | Comments Off on Fiat to keep 10% of Ferrari & Sell No Other Brands

Fiat to keep 10% of Ferrari & Sell No Other Brands

From Reuters: Fiat Chrysler Automobiles does not expect to sell more than 10 percent of its Ferrari subsidiary in a planned initial public offering, Chief Executive Sergio Marchionne said recently, in a change of heart from a month ago. The CEO said previously that Fiat Chrysler could sell more than 10 percent of the luxury unit to boost liquidity in the shares. But “I don’t believe we will go above 10 percent,” Marchionne said on the sidelines of an event in Amsterdam, but added that no final decision had been taken. A higher stake...

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British GP: Vettel Fights His Way to Podium

Posted by on Jul 6, 2015 in F1, Featured, News | Comments Off on British GP: Vettel Fights His Way to Podium

British GP: Vettel Fights His Way to Podium

In tricky conditions, Seb claims a well deserved third place The British Grand Prix started under summer skies, but eventually delivered a typical English day, with rain arriving unexpectedly for the final third of the race. When the rain came, Raikkonen had been lying fifth and switched to Intermediate tyres on lap 38, while Vettel came in four laps later. It was enough to make the difference when it came to tyre management, given that the rain intensified just as Sebastian made his stop. Thanks to a great strategy, Vettel managed to jump...

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British GP: All Red Third Row

Posted by on Jul 4, 2015 in F1, Featured, News | Comments Off on British GP: All Red Third Row

British GP: All Red Third Row

Fifth and sixth places for Ferrari in qualifying at Silverstone A large crowd was treated to a very exciting qualifying session for the British Grand Prix this Saturday afternoon. In front of around 100,000 spectators, the Scuderia ended up with Kimi Raikkonen fifth in 1.33.379 and sixth with Sebastian Vettel, who did a 1.33.547. On their last set of Medium tyres, neither Ferrari man managed to improve on the times posted on their first set of new tyres, but it was enough to lock down the third row of the grid for tomorrow’s race. Pole went...

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