LDM out of Ferrari? - Ferrari Life
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post #1 of 151 Old 08-10-2014, 04:21 AM Thread Starter
 
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LDM out of Ferrari?



And on that bombshell...

What do you say / write? Your opinions (if this is true) ?

To be honest, I thought this already got through to you folks.
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post #2 of 151 Old 08-10-2014, 05:20 AM
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I really hope it isn't true, I really can't see at the moment somebody able to replace him.

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post #3 of 151 Old 08-10-2014, 08:12 AM
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He's not the youngest anymore. If S. Marchionne is trying to sell half the pearls of Fiat...maybe some internal opposition may well bring changement to many things and LDM to a decision to retire and enjoy inglife after all those hectic years in the Automobile and the Speed Train (;-)) business.

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post #4 of 151 Old 08-10-2014, 08:39 PM
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More here

https://translate.google.com/transla...tml&edit-text=

looks true

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post #5 of 151 Old 08-10-2014, 09:23 PM
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That does not look like "retirement"..!

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post #6 of 151 Old 08-10-2014, 09:27 PM
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212- President and CEO of Alitalia? No, surely does not.

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post #7 of 151 Old 08-10-2014, 09:45 PM
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It's been coming from several sources, rumour seems to be building into fact.

I don't think LdM will slow down, actually, but just a change of direction.

Although I hate to see him go, a change could be good for Ferrari. Certainly Luca killed all motorsport except F1 and perhaps there will be a time when we see Ferrari back in action in other areas.

Ferrari is not only LdM and a well-oiled machine these days. I think she will be fine.


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post #8 of 151 Old 08-10-2014, 10:10 PM
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212- President and CEO of Alitalia? No, surely does not.
Decision somehow rational as Etihad is a big Sponsor of Ferrari and connections a given. Will be interesting to see if he is able to deal with the Alitalia workers unions........

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post #9 of 151 Old 09-09-2014, 01:10 AM
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After recents words from Marchionne, it seems clear that LDM will be out of Ferrari very soon. A great age is ending, let's hope the best for the future...

Ferrari Owner Demands Formula One Wins From Brand’s Chief - Bloomberg

"Engines are like women: you have to know how to touch them in the most sensitive parts."
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post #10 of 151 Old 09-09-2014, 01:36 AM
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Whilst I agree that Ferrari needs to improve its current F1 track record (God this season is frustrating to watch!), I find the comments by Marchionne crass, unbecoming of his position, showing disregard of the exemplary 40 year track record LdM has at Ferrari, and most importantly: totally ignoring the blatant profit sheet.

Ferrari is a car manufacturer, it is not an F1 team. If your Chairman is delivering a healthy organisation that is getting more succesful as a brand every year, then you are an arse if you ignore that.

The F1 division needs a kick up the backside, and that is what LdM and his team are doing. Luca Marmori, designer of the current - underpowered - engine has left, and Mattiacci has just stepped up as the new F1 team principal. If I were Sergio, I would work with LdM and show his support, rather than do this public back stabbing. It does not help the Ferrari F1 team at all.

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post #11 of 151 Old 09-09-2014, 06:05 AM
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WWED? (What would Enzo do?)

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post #12 of 151 Old 09-09-2014, 11:20 PM Thread Starter
 
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And out he goes!

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post #13 of 151 Old 09-10-2014, 03:05 AM
 
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This could be really bad news. I now understand Luca's comments last week about Ferrari now being American. I've read some people say 2014 will be to Ferrari what 1997 was to Porsche. I want to believe that Fiat know what's best for Ferrari, but look what they've done to Maserati. Has anyone driven a new Ghibli and then a GT or last gen Quattroporte? It's shocking! The Ghibli is an awesome car, but it doesn't feel special enough.

I think Marchionne will only be Chairman temporarily. Mattiaci will be the new guy in charge.

This is the end of a magnificent era for Ferrari, and while what may follow is uncertain one thing is clear. Montezemolo can leave with his head held high.

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post #14 of 151 Old 09-10-2014, 04:40 AM
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I think this is a very good thing.

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post #15 of 151 Old 09-10-2014, 04:47 AM
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Quote:
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He's not the youngest anymore. If S. Marchionne is trying to sell half the pearls of Fiat...maybe some internal opposition may well bring changement to many things and LDM to a decision to retire and enjoy inglife after all those hectic years in the Automobile and the Speed Train (;-)) business.


My comment some weeks ago. I have to add some thoughts: There is really a era comming to an end. However nobody is ireplacable.
My worry is another one: Marchionne wants to build a new industrial powerhouse with Fiat/Chrysler etc. If he wants to build up his maybe a little megalomanian idea about becoming one of the 3 biggest carmakers in the world with a planed output of 10 Mio. cars per year, then he needs to reshape the whole industrial complex he has with Fiat and Chrysler. One side reshape from the inside out, fusion the 2 brands (or better 7 brands) and prepare technologically for all kinds of reshaped industrial tasks (i.e. electricity vehicles, gaz, hybrid and what else will be a possible partial future "best solution")
For this he needs a huge capital base. How does he possibly could get it: Selling Maserati, selling Alfa, possibly selling Ferrari or possibly bringing all 3 brands seperately to the capital market as IPO's, keeping a majority or important minority of shares with Fiat/Chrysler.
Fiat/Chrysler has not enough capital to finance the big jump. But (theoretically) with a sell of Ferrari 10-20 Billion, Alfa 3-6 Billion and Maserati 2-4 Billion, he could get 15-30 Billion capital. That would enable him to raise another 20-30 Billion on notes on the markets as those are baked more secure. With these amounts of cash at hand, he could very well finance his new industrial powerhouse.


What would this mean for Ferrari ? Well if Ferrari would become another owner (or many more owners) it would be a company in need to bring more cash value for shareholders (something which it has not done so far for Fiat as their Ferrari Holdings was very profitable but more of an hidden/unrealized asset). These shareholders would demand higher turnover and (probably) higher profits. Hence my personal expectations then would be for higher production numbers, something which would not help the values of newer Ferrari's or the used car market and will make Ferrari more dependent on consumers "Trends" to be able to sell bigger productions.


If it would be sold to a "White Knight" (Mubdalla, Kuwait (;-) )Apple, Samsung, Wal-Mart, Ford (finally!), VW, Daimler, BMW) we could hope for same or only slightly higher production....if at all.


What do I know...nothing. But it seems to be that the going of LDM had nothing to do with the unsuccess of the F1 racing team but more with the general idea of where to go with that "hidden asset named Ferrari" in Fiat's Portfolio.


In any case in relative value compared to higher production "new" Ferraris, old Ferrari's will become even more valuable. Again, in "relative" terms spoken. Really just my 2 Cents.

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post #16 of 151 Old 09-10-2014, 05:10 AM
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Happy to see him go!

Tired of having a Ferrari dealer 300 miles away vs a Maser with every high end brand dealer 20 minutes away.

FNA would not grant the Ferrari service center a Ferrari sales center so the dealer closed it's Ferrari service.

In the past year I have bought a CGT MP4 and 2001 360C that I am selling because it's unrealistic to service.

Ferrari and F1 are distancing guys like myself. I am a very active Ferrari Club member and the current treasurer. Our club rarely sees a new Ferrari owner and if things don't change my 16M could leave for a 918.
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post #17 of 151 Old 09-10-2014, 06:00 AM
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Sad day, IMO.

For all his faults, di Montezemolo had style. He also had a background in motor racing, both as a driver for Squadra Corse, and manager of the Scuderia, and he worked under Enzo Ferrari (also a racing driver turned team manager). He was clearly trusted by Ferrari with his beloved racing team (to him, the jewel in the crown, the raison d'etre of his entire operation) and, after the latter's death, by Gianni Agnelli, another giant of the Italian motor industry and another man of great style and panache, with the responsibility for Enzo Ferrari's legacy. He was as close as you get to having Enzo Ferrari's DNA.

Now he is to be replaced by a Canadian bean counter.

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post #18 of 151 Old 09-10-2014, 06:50 AM
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A good new, 3 years too late. LdM will lead the new Alitalia to disaster, as he did with Italo, on the brink of going out of business, and the failure of nearly all of his managerial decisions during his life, when bright people around him where not there to stop him on time. I am very worried for Ferrari future. While I didn't like LdM, I agreed with his view that Ferrari was to remain truly independent from the rest of the FCA, while Marchionne doesn't see it differently from Maserati or Alfa Romeo, already stripped of their souls and reduced to cars like all the others. In a couple of years, the bitterness for the F1 bad results will feel like nothing compared to the looming disasters.
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post #19 of 151 Old 09-10-2014, 07:08 AM
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A passionate Ferrari character who has built the brand for the past two decades is to be replaced by a professional CEO, who will just be, like any other CEOs, a mercenary... it is a sad day indeed!

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post #20 of 151 Old 09-10-2014, 07:17 AM
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Quote:
Originally Posted by Napolis View Post
I think this is a very good thing.






Agreed
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