Reports from an Italian publication have come in stating that Fiat is considering selling-off a partial stake in Ferrari to raise funds for a takeover of fledgling Chrysler. Fiat has a 20 percent stake in the US automaker, while it owns 85 percent of the Ferrari brand. Fiats are supposedly ready to sell quite a sum of its shares, as long as it retains a 51 percent majority balance of the shares.
Fiat already have plans to increase that 20 percent to 35, but money from Ferrari would allow the Italian automaker to purchase a controlling stake of 51 percent from Chrysler. Industry analysts state that Fiat plan to do this sometime in 2011 or 2012.
Fiat has denied all of these reports so at this point it’s all speculation. It also contradicts with a previous statement by Fiat CEO Sergio Marchionne that they are planning to take their share in Ferrari up to 90 percent.
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tony fernandes & naza group should buy the shares.
then they dont need to use lotus name anymore,
that is because they can use FERRARI name…
hehehe…
I cannot agree more…:-)
yeah Tony go and buy it…
I’m sure I’m going to be flamed, but I just have to say this, PROTON HERE’S YOUR CHANCE! BUY THOSE FERRARI SHARES!
I’m sorry, but just like to ask.
Where did Proton will get the money to purchase Ferrari stakes?
From EPF again? Rakyat tax money, increase here and there?
Just my two and half cents question.
“Fabbrica Italiana Automobili Torino”
Yes, take the rakyat’s money. At least investing in a winning company like Ferrari could bring many more returns, as opposed to giving the money to Malaysians who more often than not would splurge on inconsequential items that in the end would bring little or no return whatsoever.
sell lotus, buy ferrari perhaps? or retain lotus and buy ferrari. then make all ferraris with lotus handling. ha ha ha as if ferrari cannot tune handling of their own cars.
just kidding.
I think better like this:
Sell Lotus + Topup $$$ = Buy stakes in Ferrari… Huhu..
Future proton models got Ferrari F1 tech… Woooo…