[Tifoso_Boy]

Has anyone else the news that FIAT has sold 34% of it's stake in Ferrari to Mediobanca?? Apparantly, the shares were sold at a cost of 500 million pounds.

 

[Tifoso_Boy]

Peter

It seems to be a done deal, this way FIAT can get their hands on some much needed money.

 

[Tifoso_Boy]

[quote='75 308 GT4 (Peter)]

Its good and bad:

-Good- That it is remaining in Italy, being owned by an Italian company.

-Bad- That the parent-company isn't automotive.[/quote]

I know how you feel Peter, but it was bound to happen. I too worried about all of this, and how it would change my beloved Ferrari. But the sad fact is that FIAT is in trouble!!! It needs money, so this 'hopefully' will help it. At least Ferrari still has an italian soul, and hasn't been 'pawned off' like some other car companies. Yes, GM has an interest in FIAT, but the Ferrari side of things is still handled by FIAT.

 

[Tifoso_Boy]

Ferrari continues to make a profit, somewhere around 46 million. It is a small company owned by FIAT. The thing is FIAT is in financial trouble. Their cars aren't selling as well as they use to. The problem I see with outside influences is, that where does the selling stop?? Already a german bank is involved, but I hope FIAT keeps it's promise not to sell anymore of their share.