user icon
user icon

10pc of Ferrari to be floated on stock exchange next year

  • Published on 30 Oct 2014 08:29
  • comments 1
  • By: Rob Veenstra
Ferrari will be floated on the stock exchange next year.

The Maranello outfit - the F1 team and the producer of exclusive sports cars - will be spun off from the Fiat Chrysler parent group, with 10 per cent of the shares to be up for grabs to the public on a US and possibly a European stock market.

"Coupled with the recent listing of (Fiat Chrysler) shares on the NYSE, the separation of Ferrari will preserve the cherished Italian heritage and unique position of the Ferrari business," confirmed chairman John Elkann. (GMM)

Replies (1)

Login to reply
  • This does not bode well for team Ferrari. People familiar with American stock investors, especially large insitutional investors or investment funds, know their low tolerance for promotional spending that doesn't have a big, current pay-back either in enhanced stock price or dividend. F1 spending is significant and takes years for payback, if any. Too long to keep ANY hard-nosed investors patient and out of court (wasteful spending).

    • + 0
    • Oct 30 2014 - 16:18

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

Test calendar

Circuit de Catalunya - Winter testing

Circuit de Catalunya - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

World Championship standings 2020

Show full world champion standings

Team profile

Show full profile

Formula 1 Calendar - 2020

Date
Grand Prix
Circuit
-
Spain
-
Spain
3 - Jul 5
Austria
10 - Jul 12
Austria
17 - Jul 19
Hungary
31 - Aug 2
United Kingdom
7 - Aug 9
United Kingdom
14 - Aug 16
Spain
28 - Aug 30
Belgium
4 - Sep 6
Italy
11 - Sep 13
Italy
25 - Sep 27
Russian
9 - Oct 11
Germany
See full schedule

Formula 1 Calendar - 2020

Date
Grand Prix & Circuit
3 - Jul 5
Austria Red Bull Ring
10 - Jul 12
Austria Red Bull Ring
17 - Jul 19
Hungary Hungaroring
31 - Aug 2
United Kingdom Silverstone
7 - Aug 9
United Kingdom Silverstone
14 - Aug 16
28 - Aug 30
4 - Sep 6
Italy Monza
11 - Sep 13
Italy Mugello
25 - Sep 27
Russian Sochi Autodrom
9 - Oct 11
Germany Nurburgring
See full schedule
show sidebar