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...
7y ago from F1i.com
No place at Ferrari for Lauda – Marchionne
Sergio Marchionne says there is no place at the Italian team for former...
7y 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...
7y ago from MotorsportWeek.com
Formula 1 Gossip: No space for prophet like Lauda,...
Ferrari Chairman and CEO, Sergio Marchionne has revealed that Niki Lauda...
7y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez propels MotoGP to record figures in 2025
No description available...
5h ago from Motorsport.com
Pirelli outlines 2026 MotoGP test plans ahead of 2027...
Pirelli has officially outlined when it plans to test its new MotoGP...
8h ago from MotorsportWeek.c...
This is what the 2027 Honda MotoGP bike will be called
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
FOX Sports, IndyCar reveal broadcast schedule for 2026...
No description available...
1h ago from Motorsport.com
IndyCar boss Doug Boles explains new officiating system
No description available...
20h ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1d ago from Motorsport.com
Momentum building for IndyCar’s inaugural Arlington...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Project One confirms WRC27 entry
Founded by experienced motorsport engineer Lionel Hansen alongside former...
4h ago from MotorsportWeek.c...
Hyundai to run a WRC2 spec machine in 2027?
Hyundai has said it is considering a brand new WRC2 car for the 2027...
4h ago from MotorsportWeek.c...
Does Martins Sesks have a future with M-Sport in WRC?
No description available...
7h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal plot swoop for 19-year-old after Xabi Alonso...
Arsenal are reportedly interested in signing the Real Madrid defender,...
2h ago from CaughtOffside.com
'I actually think is a better player than Gyokeres' -...
Liverpool legend Jamie Carragher has boldly claimed that Gabriel Jesus is...
5h ago from SportsKeeda.com
Ian Wright says he would 'take' this disrespected Man...
Arsenal legend Ian Wright has slammed the way Manchester United handled...
4h ago from CaughtOffside.com
Episode 858 – Girding our loins
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
5h ago from Arseblog.com
Comments
Hottest News
Verstappen’s heartfelt take on Hamilton: ‘I don’t...
Few rivalries have been as fierce or as defining... Read More »
2h ago from F1i.com
Monaco Grand Prix handed name change for 2026
The Monaco Grand Prix will change its name for... Read More »
1h ago from GPFans.com
Max Verstappen reveals his true feelings over Lewis...
F1 superstar Max Verstappen has admitted that... Read More »
2h ago from GPFans.com
