Well, to help compensate for the losses incured by Fiat, a large chunk of Ferrari will be offered to the public. Fiat will keep a controlling interest in the company. Lets just hope that Ford (which wanted Ferrari in the 1960's), or worse, GM, don't get their hands on it. That would be a tradjedy.

On the bright side, this gives us an opportunity to REALLY buy a piece of Ferrari:D

I don't like the sounds of this.....very worried :( :( :(

NO NOT FORDDDDDDD :( :( :(

I think that AF should buy some and sell it to its members for $5 what do you all think about that???

shit, Ford better not buy it. I can see it happening though. But then would they stop making GT-40's? They wouldn't have to get back at Ferrari ever again. And if GM bought them... we would end up telling our kids how Ferrari's were once beautiful, exotic, respected, top of the line, hard to get, expensive, high quality, DECENT cars I knew they were in financial trouble, but.....................:crying:

I am perdicting VAG are going to pick them up should it happen.......Or am I just an optimist?????

I heard they are going to offer shares to the public for 40% of the company in hopes to raise 380 million dollars. This would make it very difficult for a single party to try to purchase the whole 40%. I think I'll buy a few shares.

Actually, I heard in another magazine (Which I can't seem to find and is driving me crazy!!!!), that it would be 2.5 to 4 billion (this is from my memory, and I am not at all sure, I think I am wrong, but close):eek:

Any idea what the price is going to be per share?

Don't know, but most places make you buy at least $500 worth or so. I wouldn't buy it, though. Really, they don't make much money, and they are at the high point in the companies history, really. It can't get much better. So I don't think it wise from a money perspective.

Fiat SpA is working on a deal to sell about 35% (I'll have to look up the actual numbers later) to an Italian bank. This bank, in turn, sold 10% to a German bank. Fiat held 90% of Ferrari before this transaction, so they still hold over half of the company. No other car company's going to step in and buy it.

If Fiat only had 90% of Ferrari before, who has the other 10%?

Good question. I don't know. But I do know that the 90% figure is/was accurate.

The remaining 10% share of could be (my assumption) still owned by the heirs of Enzo.

Makes sense. I don't know why I didn't think of that before.

ok i just had an idea but i dont think it is a good one..

instead of building the Ferrari Enzo Ferrari or whatever the name is thesee days which is like a 400,000 USD or more supercar, why dont they make a "smaller" ferrari. I mean aston martin is making that "mini" Vanquish which is selling for like 150,000 USD and is a competetor for like the Modena.

BUT

the problem with that is that, if they have a waiting list for the Ferrar Enzo Ferrari and can sell them MAKE THEM but if they dont then they are gonna have a cheap ferrari that more people can drive. And ferrari will lose their reputation for a good,fast,expensive,rare, sports car.

And i think that the decision to make a cheaper priced Aston was an idea of the greedy "who cares about the name" people @ FORD

SORRY IF THIS MADE NO SENSE

So, you are saying that Ferrari should build the F60/Enzo, because if they don't, people will think they are cheap (I hardly call 150K for a 360 cheap:eek: ) And you think Ford making the 150K Aston is a greedy way to make money. Thats more than the DB7. The new Aston should be sub-100K. And lets face it, Aston's are considered great, but not in the same league as Ferrari. (DB5 is special:) )

no no no what i MEANT was that if Ferrari built a smaller "Cheaper" car like Aston is building the mini DB7 than some people might think they are cheap and need money quick. BUT ON THE OTHER HAND if they can SELL the F60/enzo than they are in good buisness because they will make millions.

And the cheaper aston is gonna depreciate the name because more people can have it.

the same would happen with ferrari..selling a cheaper car depreciates the name...

do you get it ??? if not ill just stop talking

Yes, I see now. I definately agree that the cheaper Aston will bring down the marque's prestige. I also agree the same would happen to Ferrari. But I don't think they will make too much money on the F60\Enzo. I believe it is there to show that they can compete with the best in the world. I estimate that they will make 100K on each one, so thats only 35 million. Over 3 years. They spent well over 250 million on F1 this year.

This is kind of out of nowhere, but doesn't Fiat own Maserati now? Maybe the new Spyder will help out Fiat's problems a little.

Fiat Spa owns Fiat, Lancia, Alfa Romeo, Ferrari and Maserati. They also own banks, "public labours", services etc. The car branch represents about 50% of their turnover.

Don't expect that Fiat will be saved by the Maserati Spyder or the future Quattroporte ! Except Alfa Romeo (12%), Lancia (5%) and Fiat (83%) are not in a good mood. Alfa sells more and more with especially their 147 and 156. For Lancia, there is the new Ypsilon which will restart this make. And, very important for Fiat Spa, the Fiat Gingo and Idea, two small mini vans (as the Ford Fusion or the future Renault Clio Van III) which will be sold at a very low price (from 8 500 €/ US$9 000). These cars can save the group Fiat.
But Maserati and Ferrari don't sell enough and don't make enough profits for the entire group.

Besides the small volume of Ferrari/Maserati production, Fiat SpA only owns a fraction of Ferrari SpA. After selling parts last year, Fiat SpA owns about 60% of Ferrari. Fiat SpA still owns 80% of Fiat Auto (Fiat, Alfa Romeo, Lancia). GM owns the other 20% of Fiat Auto.

Hope that GM won't buy Fiat totally !!!

GM-Fiat stock swap:
GM now owns 20% of Fiat Auto
Fiat owns 5.9% of GM and becomes the second largest shareholder in that corporation
Implications for GM:
Save costs by sharing platforms
Combined effort in emerging markets and sharing of factories around the world
Access to premium brands such as Maserati and Ferrari which are owned by Fiat
Access to advanced technologies developed by Fiat and its subsidiaries
Stronger presence in niche markets in Europe with Alfa Romeo (sporty) and Lancia (luxury)

so gm kinda already has ties with ferrari but they can't make any decisions for them and if gm bought ferrari gm would prob just leave it alone or improve it by showing the ls6 engines or other stuff that ferrari could improve on

:attention

GM owns 11% of Fiat Spa. They sold shares not long time ago. ;)

The problem of GM buying Fiat is that Fiat platforms which offer a good handling for example (mainly of course for Alfa and Lancia, Ferrari and Maserati will keep alone) could become less efficient if the costs are too reducted : look at Saab 9-3 which offers the platform of the Vectra !
And worse, the famous V6 Alfa Romeo will dissapear and be replaced by a V6 Opel !!!!!!!! It's uncredible. Imagine a V6 Opel on a BMW or a Porsche !

im sayin ferrari and maserati will be left alone design wise not financially gm will probibly give them alot of money making ferrari and maserati better

even with gm's 20% of ferrari gm still has access to ferrari but cant make decisions for them

First of all, GM owns 11% of Fiat Auto, so, not of Ferrari Group (owned by Fiat Spa. !) and not 20%. Fiat Spa. owns 5,9% of GM.
Then, Ferrari and Maserati are very profitable and don't need more money, or something else, they do have excellent engeneers particularly.

sorry i meant gm owned 20% of fiat and it is 20% read any news thing and gm bought 20% of fiat auto/fiat s.p.a. and both own most of ferrari therefore gm and ferrari have a sort of access to echother

Trust what you want ;)

:screwy: :disappoin

GM originally purchased 20% of Fiat SpA. The holdings are now approximately 10% of Fiat SpA.

Ferrari SpA has nothing to do with this deal.

well at leasd it gets some of alfa and lancia

Z06 : no comment :D ;)
For Alfa and Lancia (and Fiat too), I agree that there's a little link... and what ? So many companies have shares in others, GM in Fiat, AND Fiat in GM is another cooperation. But that has nothing to deal with buying of Chrysler buy Mercedes, or Volvo by Ford, or Seat by VAG, or even Nissan by Renault.
The main links between the GM conglomerate and la Fiat Spa will be some (few) platforms and engines shared buy Opel and Fiat. But Alfa and Lancia will certainly keep their independance, even if we can hear (that's not sure) that the basis of the future V6 Alfa will be a V6... Opel ! heum.... no need to say that Alfa fans, people working by Alfa/Fiat Spa and many other people don't really agree with this idea, overall knowing that the economic health of Alfa is excellent (as Maserati and Ferrari, but not as Fiat and Lancia).